Épargne Placements Québec

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Step‑up Bonds

Advantageous rate of 6.00% in the 10th year!

Yield and security combined!

Step‑up Bonds are ideal if you’re looking for a safeflexible investment with a good return.

  • Competitive and guaranteed step‑up rates over a ten-year period.
  • Bonds redeemable annually, in full or in part, according to their issue date. This allows you to take advantage a better rate structure for Step-up Bonds being sold on the anniversary date, or meet cash needs.
  • Choice of regular or compound interest.
  • Regular interest paid annually (minimum purchase of $100).

Redeeming Step-Up Bonds

Do you own a Step-Up Bond and want to reinvest it in a new Step-Up Bond to take advantage of better rates? You can do so on the anniversary date of your product and complete the transaction online by yourself.

To do so, follow this path: Online transactions > Summary > Management of your account. Select the product that is nearing its anniversary date. You will then be able to give your instructions to redeem by clicking on “Instructions”.

More details

When offered: Continuously.
Issue date: Issued daily.
Term: 10 years.
Type of interest: Simple or compound.
Payment of interest: Simple interest bonds: annually.

Compound interest bonds: annual capitalization on the purchase anniversary date.

Interest rate: Step-up interest rates over a ten-year period shown at their annual nominal value.
Minimum purchase amount: Any amount greater than or equal to $100.
Purchase limit: Maximum amount held of $7 000 000 for general or limited partnerships and legal persons established for a private interest or in the public interest acting on their own account, 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 (natural persons, general or limited partnerships, legal persons, successions of persons, foundations and personal or social trusts).
Redemption: Total or partial on each purchase anniversary date.Minimum amount of $100 or balance of the product.

A redemption request can be submitted, at the latest, on the anniversary of the date of purchase or the following business day if the anniversary date is not a business day.

Redemption requests can be submitted to take advantage a better rate structure for Step-up Bonds being sold on the anniversary date, or meet cash needs.

Redeeming Step-Up Bonds If the prevailing interest rates are more favourable, you may redeem your Step-Up Bonds on their anniversary date.
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: The Bonds are assignable and transferable only under the conditions and in the cases provided for in the Regulation respecting savings products (CQLR, chapter A-6.001, r. 9), in particular in the event of divorce or death of the participant.
Hypothec: Allowed in favour of financial institutions if the bonds are held in an Investment Savings Account or TFSA.
Treatment at
In the absence of instructions from the client, the capital and interest are automatically reinvested in Flexi‑Plus Savings units.

Rates in effect