With Questrade you can invest in fixed–income securities such as bonds, term deposits and guaranteed investment certificates (GICs).
The commission for fixed-income trades is $30 flat.
To trade a fixed-income security, call the trade desk at 1.866.980.9590.
Bonds are promissory notes issued by a corporation or government to its lenders.
Bond prices depend on a variety of factors including:
- The bond’s:
- Maturity (length)
- Face value, coupon, and yield
- Rating
- Supply and demand
- Interest rates
Refer to corporate, government and bond-rating agency websites for specific bond information (such as the bond’s CUSIP or security number, the issuer’s name, maturity date and the coupon) and speak to the trade desk for bond availability and quotes.
Note: Bond prices do not include accrued interest. Bond purchasers are responsible to pay the former bond owner any accrued interest owing and bond sellers will receive any accrued interest outstanding. Any accrued interest payable or receivable will be automatically debited or credited from the account’s cash balance.
Term deposits and GICs are a deposit instrument most commonly available from trust companies or banks. These securities require a minimum investment and pay a predetermined rate of interest for a stated term, such as one or five years. GICs are generally non-redeemable and non-transferable before maturity.
For current term deposit and GIC terms and rates, speak to the trade desk.