You want to benefit from a generally higher interest rate for longer terms.
You want to have the choice, at each maturity date, to cash in the accumulated amounts or reinvest them.

Outlines

Main features :100% guaranteed capital divided into equal portions:

Maturities :One portion of the investment matures each year

Interest rate :Each portion has a different interest rate

Features


Interest rate	Fixed Guaranteed until maturity A variety of interest payment options
Minimum deposit	Registered plans: $500 per segment Non-registered plans: $1,000 per segment
Returns	High returns on savings
Eligible for these plans	Registered plans: TFSA, RRSP, FTA, LIRA, Locked-In RRSPs, RRIF, LIF and RDSP Non-registered plans
Redemption terms	Option to withdraw all or part of one of the segments When a segment is renewed, an additional deposit can be invested in that segment only
Other	Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA) Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) May be eligible for potential member dividends. Find out more about member dividends. Savings-Life Insurance available

Are you interested in this product?

You may also be interested in these personal financial products...

Better informed!

Our blog abounds with articles of real interest to you