The flexibility you’ve been looking for!

Québec Securi+ Bonds provide a good income and security with their competitive interest rate and guaranteed return.

  • Bonds with a term of ten years, redeemable every six months, for their full value without loss of interest. This means you can take advantage of future rises in interest rates.
  • Attractive interest rate guaranteed for the first 6 months. Thereafter, rates are adjusted every six months based on market conditions.
  • Simple interest, paid annually, or compound interest paid at redemption.
  • Minimum purchase of $100.

More details

DESCRIPTION
Period of sale: Continuously.
Issue date: Issued daily.
Term: 10 years.
Type of interest: Simple or compound.
Payment of interest: If simple interest, annual payment on the issue anniversary date.If compound interest, annual compounding on the issue anniversary date.
Interest rate: Rate set for a period of six months and adjusted half-yearly according to market conditions. On the half-yearly date, the rate is set six days in advance.
Purchase amount: Any amount of $100 or more.
Limit on amount
held:
Maximum amount held of $1 000 000 for general or limited partnerships and private right or public right legal persons acting on their own behalf, except in the case of a transfer resulting from a succession.
Authorized purchasers: Persons or groups of persons or of properties, domiciled in Québec and subject to the rules of Québec law (individuals, partnerships or limited partnerships, legal persons, successions of persons, foundations and personal or public trusts).
Redemption: Total or partial every six months as of the issue date.Minimum amount of $100 or balance of the product.

A redemption request can be submitted, at the latest, every six months as of the date of purchase or the following business day if that date is not a business day.

Eligible accounts: Investment Savings Account, tax‑free savings account (TFSA), registered retirement savings plan (RRSP), registered retirement income fund (RRIF), locked‑in retirement account (LIRA) and life income fund (LIF).Can also be entered in the account of a trustee or of an agent of a trustee for the benefit of a participant in a self‑directed plan or fund.
Assignment and transfer: May be assigned and transferred to an authorized purchaser prior to maturity if the bonds are held in an Investment Savings Account (minimum amount of $100).May be neither assigned nor transferred where the bonds are held in a Québec retirement savings plan or fund, other than in the cases stipulated in the legislation.
Hypothec: Allowed in favour of financial institutions if the bonds are held in an Investment Savings Account (minimum amount of $1 000).
Treatment at
maturity:
In the absence of instructions from the client, the capital and interest are automatically reinvested in Flexi‑Plus Savings units.

Rates in effect

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