To start setting up the laddering, we make use of the available amount you specify to make five initial GIC purchases, each using equal deposit amounts (dividing the specified amount by 5). To begin the demonstration, provide a lump sum in the field below (and optionally, you can change the interest payment mode as well). The results that follow will re-adjust automatically.
Using the amount to invest and the payment mode you provided above, we now divide that amount by 5, and select the highest-rate GICs currently available that meet or exceed their minimum required purchase amounts, for one to five year terms. Below, we show the best-suited products currently available in our GIC rate table.
The chart below shows the amount of interest gained each year from the five purchased investments, which becomes available income for re-investing once each GIC matures, into a five-year GIC at the best available rate. (This is explained in more detail in the timetable that follows.)
Since we know how much interest will be available from the intial investments, we can now demonstrate how the ladder develops as the years pass. Below, we show the major events of the first three years.