Sun Life Financial Trust Inc. at a glance
Sun Life Financial Trust Inc. at a glance
Sun Life Financial Trust Inc. (SLFT) is incorporated under the federal Trust and Loan Companies Act. It is licensed to offer deposit products and services in all Canadian provinces and territories.
SLFT is a member of the Canada Deposit Insurance Corporation (CDIC), a federal crown corporation established to protect eligible deposits invested with member institutions, up to certain limits, in the event of SLFT failure. For more information about this deposit insurance coverage, please contact CDIC at 1-800-461-2342, visit their website at www.cdic.ca, or click on the Protecting Your Deposits brochure.
SLFT provides quarterly reports to the Office of the Superintendent of Financial Institutions (OSFI) and is subject to regular review by OSFI.
Products and services provided by Sun Life Financial Trust Inc.
Guaranteed Investments (Guaranteed Investment Certificates (GIC)s and Daily Interest Accounts (DIAs))
- Provides customers with guaranteed deposits to complement their accumulation annuity and market-based investment products.
Trust services
· Trust services allow group plan sponsors to offer plan members workplace savings plans through trusteed arrangements.
- A trusteed plan allows group plan sponsors to offer plan members investments in company stock, SLFT GICs and daily interest accounts, as well as mutual funds.
Regulatory disclosures
Our GICs are issued and backed by the financial strength of SLFT, a member of the Sun Life group of companies.
Sun Life Financial Trust Inc. Basel III disclosure
Sun Life Financial Trust Inc. Basel II disclosures
For information on service charges related to products offered in your workplace savings plan, sign into your account at mySunlife.ca or contact your plan sponsor.
Understanding Guaranteed Investment Certificates (GICs) and Daily Interest Accounts
This is one of the safest and simplest investments you can make. You are depositing money and receiving a guaranteed amount of interest for a guaranteed period of time.
Available through an advisor
We offer competitive interest rates (ask an advisor about our current interest rates) and other features, including:
Flexibility
- Daily interest investment
- Short-term options – 30 to 364 days
- Long-term options – 1 to 5-year terms with a deposit as low as $1,000.
- Flexible maturity dates – extra flexibility lets you pick the exact date when you get your money back. This is convenient if you know when you'll need the money (e.g. for a wedding, a vacation, or for a down payment on a house).
45-day rate guarantee
This lets you lock in your interest rate up to 45 days before you deposit your money.
Options to access your money
Sun GIC Max, our non-redeemable GIC requires your investment to stay invested until the maturity date, but offers a higher interest rate than our redeemable option.
Our redeemable GIC allows you to access some or all of your money if you need it before the maturity date (however a market value adjustment (MVA) will apply).
If you fund your deposit by way of cheque, we may hold your money for up to 4 business days if the amount of the deposit does not exceed $1,500, and for up to 7 business days if the amount is greater than $1,500. We may hold your funds for an additional day if you did not deposit the cheque in person.
If you choose to access the first $100 following a cheque deposit, we will process your request within the same business day. If you did not deposit the cheque in person, processing may take an additional business day.
Available through a workplace savings plan
Your workplace plan may include SLFT GICs or daily interest accounts to provide additional deposit insurance coverage in your plan.
SLFT GICs and daily interest accounts are eligible for Canada Deposit Insurance Corporation (CDIC) deposit insurance coverage up to limits set by CDIC.
For information on the funds offered in your workplace savings plan, sign into your account at mySunlife.ca or contact your plan sponsor.
