Government backed
Backed by the issuing government, so there is no bank credit risk and no cap on what is covered.
Government · Canada
CitiBank Online
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At 8.00% a year over 11 years. Coupons are paid out to you once a year, not reinvested.
| You Invest | $100,000 |
|---|---|
| Paid Once a Year | $8,000 |
| Total Earnings | $88,000 |
| Back at Maturity | $108,000 |
Each $8,000 interest payment is paid to you directly, and $88,000 is what they add up to over the term. The figure at maturity is your initial investment of $100,000 paid back plus your final interest payment.
Backed by the issuing government, so there is no bank credit risk and no cap on what is covered.
Compare Canada is a comparison site, not a financial adviser. Figures use a $100,000 example at 8.00% over 11 years. Bond prices move before maturity, so selling early can return less than you put in. Confirm all terms with CitiBank Online before you commit.