Government of Canada 8% Fixed-Rate Bond

Top rate in Canada Online exclusive

8.00% per year

Minimum: $100,000.00
To Maturity: 11 years
Protection: Government Backed

Check availability See the numbers

What $100,000.00 Earns You

At 8.00% a year over 11 years. Choose coupons every six months or once a year.

You Invest	$100,000.00
Paid Every Six Months	$4,000.00
Total Earnings	$88,000.00
Back at Maturity	$104,000.00

Each $4,000.00 interest payment is paid to you directly, and $88,000.00 is what they add up to over the term. The figure at maturity is your initial investment of $100,000.00 paid back plus your final interest payment.

You Invest	$100,000.00
Paid Once a Year	$8,000.00
Total Earnings	$88,000.00
Back at Maturity	$108,000.00

Each $8,000.00 interest payment is paid to you directly, and $88,000.00 is what they add up to over the term. The figure at maturity is your initial investment of $100,000.00 paid back plus your final interest payment.

Where You Stand

Government Backed

Backed by the issuing government, so there is no bank credit risk and no cap on what is covered.

Product Details

Type: Government
Matures: Jun 1, 2037
Time to Maturity: 11 years
How Interest Is Paid: Every six months Once a year
Minimum: $100,000.00
Protection: Government Backed
Coverage: No limit
Region: Canada

Eligibility & Details

Online exclusive via EQ Bank.
GoC bond (ISIN CA135087VW17).
Maturity 1 June 2037; semiannual or annual interest.
Can be sold on the secondary market before maturity.
EQ Guaranteed Buy-Back Program.
Verify eligibility and minimums with EQ Bank.
No management fees.
No hidden fees.

Happy Saver is a comparison site, not a financial adviser. Figures use a $100,000.00 example at 8.00% over 11 years. Bond prices move before maturity, so selling early can return less than you put in. Confirm all terms with EQ Bank before you commit.