At the end of the first year — when the one -
year certificate matures — you'd put that money into a new, five - year CD.
Not exact matches
When the shortest - term
certificate matures after one
year, you put that money into a new five -
year CD.
The next
year, you reinvest the funds from the
matured two -
year certificate in another five -
year CD.
When the shortest - term
certificate matures after one
year, you put that money into a new five -
year CD.
The next
year, you reinvest the funds from the
matured two -
year certificate in another five -
year CD.
When considering long - term investments, such as five -
year guaranteed investment
certificates (GICs), within your RRSP, keep in mind that you may have a problem if you need to withdraw the funds before the investment
matures.
Every
year, one of your
certificates will
mature and you can roll it over into a new
certificate with a longer term and new rate.
Increase your earnings by reinvesting dividends in the
certificate and compounding monthly, or supplement your income by withdrawing dividends paid at calendar month end and at maturity (for
certificates that
mature in one
year or more).
To maintain your insurance discount for an additional three
years, simply take our 240 - minute
Mature Driver Improvement Renewal Course before the
certificate expiration date.
A driving school
certificate of completion for the
Mature Driver Improvement Program is valid for a period of three
years from the date of completion.