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Term Deposits
To maximize the return on surplus funds, you can earn a high fixed rate of interest guaranteed until maturity. You choose the term that best suits your investment needs. Best of all, Term Deposits are pre-encashable and offer maximum liquidity in case of emergency.
What Term Deposits Offer You
- terms can be as short as one day for investments with a minimum of $100,000 or longer terms are available for investments with a minimum of $5,000
- interest payment options include monthly, semi-annually, annually or at maturity
- Term Deposits are pre-encashable (subject to pre-encashment penalties)
- issued by First Nations Bank of Canada
- unconditionally guaranteed by First Nations Bank of Canada
- interest can be deposited directly to your First Nations Bank of Canada account
What Benefits Do Term Deposits Provide?
- guarantee a fixed interest rate per term
- accommodate your investment needs by offering short or long term options
- offer flexible interest payment options
- offer maximum liquidity in case of emergency
| Term | Deposit | Interest |
| 1-30 days | min. $100,000 | Interest paid at maturity |
| 30 days or more | min. $5,000 | Interest on principal amount is paid monthly and at maturity |
Guaranteed Investment Certificates (GICs)
You can choose a short or long term First Nations Bank of Canada GIC, whichever best meets your investment needs. You also have the flexibility to invest in U.S. or Canadian funds from a minimum of $1,000 for a minimum one year term.
What GICs Feature
- choose between short or long terms
- interest payment options include monthly, semi-annually, annually or at maturity
- issued by First Nations Bank of Canada
- non-pre-encashable but may be sold on the secondary market through Canadian Treasury Money Market
- interest can be deposited directly to your First Nations Bank of Canada account
What Benefits Do GICs Provide?
- guarantee a fixed interest rate per term
- accommodate your investment needs by offering short or long term options
- offer flexible interest payment options
- earn immediate interest on the interest deposited into your First Nations Bank of Canada account
| GIC | Term | Deposit | Interest |
| Short Term | 30-365 days | min. $5,000 | Interest paid at maturity |
| Long Term | 1-5 years | min. $1,000 | Interest on principal amount for min. $1,000 is paid semi-annually and at maturity or annually and at maturity.
Interest on principal amount for min. $5,000 is paid monthly and at maturity.
Compound interest on principal amount is calculated from issue date to maturity date, compounded annually and paid at maturity.
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Other Investment Services
First Nations Bank of Canada, through its' affiliate The Toronto-Dominion Bank, offers its' customers other investment services including Government of Canada Treasury Bills, Crown Corporation Paper, Provincial Treasury Bills and Promissory Notes, Stripped Coupons and Residuals as well as Bankers' Acceptances. Please call your First Nations Bank of Canada representative for more information.
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