I got a bunch of money maturing from investments I made at TD a few years ago, and am wondering where I should put it back in. TD's rates don't seem that great since I looked at ATB's comproble investments.
I'm mostly intersested in GIC's cuz I want it guaranteed while I'm so young, but if anyone has other good options they know i've i'd be interested too.
Also does anybody know if ATB GIC's are coumpounded interest, or just pay yearly interest (into your account). Also, probly a noobish bank question, but am I able to invest in an ATB GIC if I don't have a savings account their?
5-Year Stepper GIC TD
1st Year 2.10%
2nd Year 2.60%
3rd Year 2.80%
4th Year 3.20%
5th Year 5.70%
$1174 Compound interest
The bad part is minimum investment is $5000, and I can't lock that much up
Triple Value TD
Year 1 2.10%
Year 2 2.70%
Year 3 3.50%
$1085 Compound
ATB:
5yr Century 4.1% (I think it's unretrievable within 5 yrs unlike the others, which are redeemable each year on the anniversary)
$1205 No Compund, $1222 Compound
Springboard
3yr
Year 1:
2.50%
Year 2:
3.00%
Year 3:
4.25%
$1097/$1100
5yr
Year 1:
2.50%
Year 2:
3.00%
Year 3:
3.50%
Year 4:
4.50%
Year 5:
6.50%
$1200/$1216
This last one is what I'm considering right now, because minimum investment is only $1000, and the rates are still higher, even without compund interest than TD.
Any input/suggestions is greatly appreciated