In the results presented, we assume the following: (i) interest rates are per annum, with interest calculated and paid annually, (ii) interest rates remain constant for the duration of the specified term; and (iii) no funds are withdrawn and all proceeds are reinvested. Actual interest amounts may differ and will be determined at the time of purchasing a GIC.This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.Cambrian Credit Union does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator and will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.
Total Interest Over Loan Term
$10000
