Rates are annual fixed rates which apply to both registered and non-registered term deposits. Interest will accrue from the issue date to the maturity date. Interest (non-compounding) is paid at maturity for short term deposits. For long term investments, interest options are annual payment or annual compound.
All term deposits are non-redeemable prior to maturity. There are no fees to purchase a term deposit with MCAN. For agent transfer or re-registration, a fee of $25 is required per transaction.
MCAN Mortgage Corporation term deposits are eligible for Canada Deposit Insurance Corporation (CDIC) deposit insurance coverage. Rates are current as of the date shown below and are subject to change without notice.