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IP-Profiler - Investments / Deposits
Cashable GICs

Today's investor has no shortage of investment options to choose from. We believe so strongly in our mission to make money management easy for our clients that we went and had it registered as our Trade Mark - Money Management Made EasyŽ.

We want you to profit from our research. This section provides a base reference source of investment products in a simple format. The information outlined below is provided to give an overall illustration of parameters that may be in effect for this investment product.

Investment Product
P r o f i l e r
:
Cashable GICs 
Questions to Ask: Answers you may find:
Incorporated: Federally /Provincially Alberta
Instrument issued: Cashable Guaranteed Investment Certificate 
Term (years): 1 year / Some issuers offer 30 days to 5 years (with prior redemption rates) redeemable notes.
Certificate/Confirmation Issued: Confirmation 
Interest Payment Frequency / 
Minimum Deposit: 
500 Annual, 500 Semi-Annual, Monthly Short Term $5,000
Deposit levels: Varies
How are cheques with 
J.T.W.R.T.S worded:
John  (and, or, and/or)  Mary 
Rate reduction from Annual Rate: Semi-Annual - Varies 
Monthly - Varies
Interest Payment dates: Anniversary date or date funds are requested.
Instrument maturing on 
anniversary date / business day: 
Anniversary date / Business date. 
Compounding Options: N/A
Mail Interest Cheques:  14 days prior to payment.
Transferable:  Yes
Assignable:  No
Redeemable / Redemption Penalty:  If within 30 days of the original purchase date no interest is payable,otherwise full interest or reduction rate set at time of purchase.
GICs Cashable / Transferable 
upon death:
Yes 
Documentation required: Death Certificate, letter of probate, declaration of transmission, copy of will, power of attourney.
Fee / Penalty: Varies

 

Notes:

Certificate/Confirmation Issued:

In addition of what type of note is issued we wish to point out that upon maturity, we are referring to whether or not the certificate or confirmation need be surrendered in order for redemption to take place.

Transferable:

1. Where does the transfer of ownership take place? (i.e. Head Office or Branch)
2. How long does transfer take?

3. Are there any charges?

4. What date is the certificate re-issued from?

 

Data extracted from The Fiscal Reports - Investment Instruments Report # 5 - 3 are provided as a generic product illustration only - issuers of such products may have some, but not all of the features shown below.





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