* Direct deposit option available with these companies (T+1 settlement).
Note: Guaranteed investments can be held in all MRS accounts. The MRS Investment Account and the MRS Asset Protector, currently are unable to hold A.V.D.L. GIA's.
Guaranteed Investment Annuities (GIAs)
- A.V.D.L.
- Manulife Financial
Note: Special application forms are required for purchasing GIAs. Please contact the issuing institution for the correct form(s).
By making the products of these institutions eligible to be held in their accounts, MRS and M.R.S. Trust Company have not in any way passed judgement upon the merits of the products offered by these institutions, the financial strength of these institutions or the adequacy of insurance coverage on these products.
Criteria for Eligibility |
Accounts |
Guaranteed investments can be held in all MRS accounts. The MRS investment Account and the MRS Asset Protector, currently are unable to hold A.V.D.L. GIA's. |
Term |
Registered Accounts |
90 days to 5 years. Short-term GIC's are 90-364 days. Check with the issuing institution to see if they offer short-term rates. Long-term GIC's are 1 to 5 years |
|
Investment Accounts |
90 days to 5 years. Short-term GIC's are 90-364 days. Check with the issuing institution to see if they offer short-term rates. Long-term GIC's are 1 to 5 years |
Minimums |
Minimum limits are set by issuing institutions |
Interest |
Only guaranteed investments that compound interest or pay interest annually are acceptable. “Escalator” or “step-up” GICs cannot be offered at this time through an MRS account. |
GIAs |
Guaranteed Investment Annuities (GIAs) are eligible only if they offer a fixed rate and a fixed term. |
|
