CDIC coverage
Covered up to Up to $100,000 per person if Tangerine fails.
GIC · Canada
Tangerine
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At 3.75% AER over 5 years. Take the interest once a year, or leave it in to compound.
| You Deposit | $25,000 |
|---|---|
| Paid Once a Year | $938 |
| Total Interest | $4,688 |
| Balance at the End | $25,938 |
Each $938 interest payment is paid to you directly, and $4,688 is what they add up to over the term. The figure at the end is your initial investment of $25,000 paid back plus your final interest payment.
| You Deposit | $25,000 |
|---|---|
| Total Interest | $5,053 |
| Balance at the End | $30,053 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000 plus $5,053 interest.
Covered up to Up to $100,000 per person if Tangerine fails.
Compare Canada is a comparison site, not a financial adviser. Figures use a $25,000 example at 3.75% over 5 years, compounded annually where shown. Confirm all terms with Tangerine before you commit.