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Rates are annual fixed rates which apply to both registered and non-registered term
deposits. Interest will accrue from the issue date to the maturity date. Interest is paid at maturity for
short term deposits. For long term investments, interest options are annual payment or annual
compound.
All term deposits are non-redeemable prior to maturity.
A fee of $25 is required per transaction for agent transfer and re-registration.
The terms and conditions of our products are provided on our website and our deposit
confirmation. Please contact us at 1-800-387-9096 or termdeposits@mcanmortgage.com for any
questions.
MCAN Mortgage Corporation term deposits are eligible for Canada Deposit Insurance Corporation
(CDIC) deposit insurance coverage.
Rates are current as of the date shown below and are subject to change without notice.
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Short
Term Current Term Deposit Rates
Effective
Date: Thursday, February 02, 2012
Interest options: payment at maturity only.
|
|
Term |
$10,000
- $24,999 |
$25,000
- $99,999 |
$100,000+
|
|
30-59 Days |
0.10% |
0.20% |
0.30% |
|
60-89 Days |
0.10% |
0.20% |
0.30% |
|
90-119 Days |
0.75% |
0.85% |
0.95% |
|
120-179 Days |
0.75% |
0.85% |
0.95% |
|
180-269 Days |
1.30% |
1.40% |
1.50% |
|
270-364 Days |
1.30% |
1.40% |
1.50% |
Long Term Current Term Deposit Rates
Effective Date: Thursday, February 02, 2012
Interest options: annual payment or annual compound
|
|
Term |
$5,000
- $24,999 |
$25,000
- $99,999 |
$100,000+
|
|
1 Year |
1.65% |
1.70% |
1.75% |
|
1 1/2 Years |
1.65% |
1.70% |
1.75% |
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2 Years |
2.00% |
2.05% |
2.10% |
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2 1/2 Years |
2.00% |
2.05% |
2.10% |
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3 Years |
2.05% |
2.10% |
2.15% |
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3 1/2 Years |
2.05% |
2.10% |
2.15% |
|
4 Years |
1.65% |
1.70% |
1.75% |
|
4 1/2 Years |
1.65% |
1.70% |
1.75% |
|
5 Years |
1.95% |
2.00% |
2.05% |
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