Terms and Conditions
GIC:
Interest is calculated and accrued daily. To calculate the daily interest, we divide the annual interest by 365. We multiply that figure by the GIC book value to determine how much interest to accrue. Interest is paid on maturity for GICs that do not pay interest during their term.
GIC interest rates expressed on this website are annual interest rates and current as of today’s date.
Escalator GIC:
motusbank’s Three (3) Year Escalator is cashable in whole or in part on its anniversary date and 30 days thereafter. At all other times this product is non-redeemable.
motusbank’s Five (5) Year Escalator is transferrable to a non-redeemable term that is at least one year in length on its anniversary date, or 30 days thereafter. At all other times this product is non-redeemable.
1Competitive rates shown are for posted rates on comparable 1 year GIC accounts on respective websites as of April 19, 2023.