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Changes to term early redemption

IMPORTANT NOTICE TO MEMBERS WITH GICs

Effective Wednesday, August 5th, 2015, MAXA Financial will no longer offer redeemable GICs. This change will not impact GICs you currently have with us  - it is for new GICs only.

For any new GIC investment option, they will only be available in the non-redeemable GICs. This means the funds must remain in the desired term length until maturity.

If you currently have GICs with us, you will still have the option to redeem these up until their maturity with a 12 month interest penalty based on the current rate of interest. As always, your GICs will transfer to the applicable MAXA Savings Account (RRSP/TFSA/RRIF) upon maturity.

If you have any questions, please contact a MAXA Financial Representative at or 1-866-366-MAXA (6292).


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