Rates
As of March 10, 2008| Rates | ||
Dundee Bank of Canada Prime Rate |
5.25% |
|
Dundee US$ Investment Savings Account1 |
2.75% |
|
Dundee C$ Investment Savings Account1 |
3.10% |
|
High Yield Savings Account2 |
2.85% |
|
Investment Chequing Account3 |
||
| $0 to $24,999.99 | 2.25% | |
| $25,000 or greater | 2.00% | |
| Short-Term GIC | ||
Term |
Interest Rate4 |
Features |
30 - 59 days |
3.35% |
Minimum investment $5,000. Interest is paid at the maturity of the GIC. Cashable at any time after 30 days at predetermined rates. |
60 - 89 days |
3.35% | |
90 - 119 days |
3.35% | |
120 - 179 days |
3.15% | |
180 - 269 days |
3.15% | |
270 - 364 days |
3.15% |
|
| Long-Term GIC | |||
|
Term |
Annual Interest GIC5 (min. $1,000) |
Compound Interest GIC6 (min. $1,000) |
Monthly Interest GIC7 (min. $25,000) |
|
1 year |
3.05 % |
3.05 % |
2.85 % |
| 18 months | 3.40 % |
3.40 % |
3.28 % |
|
2 years |
3.75 % |
3.75 % |
3.55 % |
3 years |
4.00 % |
4.00 % |
3.80 % |
4 years |
4.15 % |
4.15% |
3.95 % |
5 years |
4.35 % |
4.35 % |
4.15 % |
DUNDEE PREMIUM One- Year GIC |
Interest Rate5 |
Minimum investment $1,000. |
|
DUNDEE PREMIUM Two Year GIC |
Interest Rate6 |
Minimum investment $1,000. |
|
DUNDEE INDEX-LINKED Three-Year GIC |
Interest Rate6 Return also includes 90% participation in the growth of the S&P/TSX 60 Index over the GIC term |
Minimum investment $1,000. |
|
DUNDEE PREMIUM Two Year GIC, Series 2 |
Interest Rate6 |
Minimum investment $1,000. |
|
Overdraft Interest Rate8 |
21.00% | ||
1Interest is calculated daily on the opening balance of the account and is paid monthly on the last Friday of each month, or if the last Friday of any month is a holiday, on the immediately preceding business day. Daily interest will be calculated by multiplying the applicable annual interest rate by the daily opening balance, and dividing that amount by 365 or 366 in a leap year.
2 Interest is calculated daily and payable monthly on the last day of the month. Daily interest calculation is based on the day's closing balance multiplied by the interest rate in effect that day, divided by 365; or 366 in a leap year period.
3 Interest on credit balances in each tier is calculated daily and payable monthly on the last day of the month. Daily interest will be calculated by multiplying the interest rate for each tier by the portion of the daily closing balance in that tier, divided by 365; or 366 in a leap year period.
4 Interest is based on the GIC amount multiplied by the fixed interest rate, multiplied by the number of days of the GIC term and divided by 365; or 366 in a leap year period.
5 On Annual Interest GICs, interest is calculated and paid annually on the anniversary of the investment. Interest is calculated by multiplying the fixed interest rate with the amount of the GIC investment.
6 On Compound Interest GICs, interest is calculated annually (on the anniversary of the investment) by multiplying the fixed interest rate with the amount of the GIC investment plus any accumulated interest. The annual interest is credited (but not paid) and is paid upon maturity of the GIC.
7On Monthly Interest GICs, interest is paid monthly. Interest is calculated by multiplying the fixed interest rate with the amount of the GIC investment multiplied by the days in the monthly period divided by 365; or 366 in a leap year period.
8 Interest Calculation: Calculated daily based on the day's closing balance multiplied by the interest rate in effect that day, divided by 365; or 366 in a leap year period.
All interest rates in this Schedule are per annum and are current to the date noted above. They may change without notice.