Our Products / Product Solutions / GIC Options
Altamira Cashable Fixed Rate GIC
2.90%
Today's Cashable Fixed Rate GIC Rate |
Liquidity and security. Want a fixed rate of interest without locking in your money for the full term? The flexibility of a two-year term Cashable Fixed Rate GIC allows you to redeem your investment after 120 days at an adjusted rate of interest.
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Benefits |
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- Access to funds. You can redeem your investment after 120 days at an adjusted rate of interest
- Security. Your principal investment is guaranteed and CDIC insured*
- Balance. You benefit from adding guaranteed returns from fixed interest rates to your portfolio
- Stability. Because the rate is fixed, there's no need to worry about market volatility
- Convenience. Easy to set up, manage and renew
- Available for all needs. Eligible as Canadian content in RRSPs, RESPs and RRIFs as well as for your short and medium term investing needs
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Is this right for me? | To top
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The Altamira Cashable Fixed Rate GIC might be a good investment if you're looking for a GIC with a fixed interest rate, but you may need access to your funds before your GIC matures.
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Todays rate is 2.90%.
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Details you need to know | To top
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Registration Eligibility |
RRSP: 100% |
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RESP: 100% |
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RRIF: 100% |
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Access to funds |
Redeemable after 120 days at an adjusted rate of interest |
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Term |
2 years |
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Minimum investment |
$500 |
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CDIC insured* |
Principal and interest |
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Suitable for |
Cash portion of investment portfolio |
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Points to consider | To top
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Access to your funds is not available until after 120 days. If redeemed early, interest is calculated at an adjusted rate of interest
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How do I sign up? | To top
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It's simple...all you have to do is:
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Download an application form, request one by telephone or pick one up at the Altamira Investment Centre nearest you.
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Complete the application form and return to Altamira along with a cheque.
Need help? Contact an Altamira Advisor at 1-866-351-6925 or send us an e-mail.
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Important
*GICs offered by Altamira are issued by financial institutions that are members of the Canada Deposit Insurance Corporation (CDIC) and therefore are eligible for deposit insurance from CDIC (subject to maximum coverage limitations as outlined in CDIC's brochure entitled "Protecting Your Deposits").
Any order request received after 4:00 PM Toronto Time will be processed at the next business day's rate.

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