TD RELEASES NEW GIC
By Adnews Staff
Toronto Dominion Bank (TD) released a GIC last week which carries the special feature of potential stock market gains. Called the TD GIC PLUS, the new product's interest rate is partially based on the performance of the TSE 100 Index. The GIC also has a guaranteed minimum rate of interest. Investors receive either the guaranteed return or the rate based on the TSE 100's performance, whichever is greater. The TD GIC PLUS is available as both a registered and non-registered product and carries either a three-yaer or five-year term. TD is running a national print campaign to promote the GIC's release. The ads began appearing last week and will run until the beginning of November. TBWA Chiat/Day Inc. of Toronto handled the advertising.