GICs
Guaranteed Investment Trusts (GICs) are offered at every financial institution and are a simple and safe way to invest your money. When you place your money in a GIC, both your money and the interest are guaranteed and can't be decline like a stock. GICs come in different terms, from 30 days to several months.
Registered Retirement Savings Plans (RRSPs)
A Registered Retirement Savings Plan is an investment plan used to save money tax-free over the years until retirement. While there are many kinds of ways to invest the money in your RRSP (mutual funds, stocks) this table shows the savings terms with various financial institutions. A minimum investment is required and interest is compounded annually.
RRIFs
Registered Retirement Income Funds (RRIFs) are investment vehicles that allows your savings to be paid out in a tax efficient manner. Beginning at age 69 (check) you must begin to draw out your RRIF. RRIFs can be invested in many different ways but for income purposes, you can choose a savings, 1 to 5 terms or 10 to 20 years.
Savings
The following table shows monthly and daily savings rates from financial institutions.
T-bills
Treasury bills or T-bills are government 'debt' instruments which financial institutions offer to consumers in smaller allotments. The principal and the interest is guaranteed and the terms offered vary widely.
Term Deposits 30 days to 89 days
This table compares interest rates for short term deposits offered by various lenders and features terms ranging from 30 days up to 89 days. The required minimum investment amounts are listed according to lender.
Term Deposits 90 days up to 364 days
This table compares interest rates for short term deposits offered by various lenders and features terms ranging from 90 days up to 364 days. The required minimum investment amounts are listed according to lender.
Personal Loans
This table lists the interest rates charged by various lenders for secured and unsecured lines of credit and personal loans. Interest rates may vary from what is shown here depending on individual credit history.
Car Loans
This table displays rates offered by lenders for car loans. Terms range from three to five years and rates are based on a new car loan of $15,000. Interest rates may vary from those shown here depending on individual credit history.
Closed Mortgages
This table compares interest rates for closed mortgages as offered by various mortgage lenders. The interest rates shown are for mortgage terms ranging from six months to five years.
Variable rates, open and convertible
This table compares interest rates for variable rate, open and convertible mortgages as offered by various mortgage lenders. The interest rates shown are for mortgage terms of six months to two years.
Credits Cards
Getting the credit card crunch? This area provides a look at the credit cards available. You can compare card types, interest rates, annual fees and grace days before interest is charged. Information on department store credit cards is also presented.
