Step Investments

Bayview offers three and five year Step GIC Investments.  Each year of the investment the interest rate increases.

Step Term Deposits are unique in that they are redeemable on the anniversary date each year.  So, if interest rates rise, you can collapse your existing Step GIC on the anniversary date, and take advantage of a higher rate. 

The minimum investment is $500 on both the three and five year terms with interest paid annually.  Step GICs are available on both registered and non-registered funds, (RRIFs excluded) and are insured with the Credit Union Deposit Insurance Corporation.