CDIC coverage
Covered up to Up to $100,000 per person if CitiBank Online fails.
GIC · Canada
CitiBank Online
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At 5.50% AER over 1 year. Take the interest once a year, or leave it in to compound.
| You Deposit | $50,000 |
|---|---|
| Paid Once a Year | $2,750 |
| Total Interest | $2,750 |
| Balance at the End | $52,750 |
Each $2,750 interest payment is paid to you directly, and $2,750 is what they add up to over the term. The figure at the end is your initial investment of $50,000 paid back plus your final interest payment.
| You Deposit | $50,000 |
|---|---|
| Total Interest | $2,750 |
| Balance at the End | $52,750 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of $50,000 plus $2,750 interest.
Covered up to Up to $100,000 per person if CitiBank Online fails.
Compare Canada is a comparison site, not a financial adviser. Figures use a $50,000 example at 5.50% over 1 year, compounded annually where shown. Confirm all terms with CitiBank Online before you commit.