How your 2018 Choose Alberta GIC one-time bonus is calculated

On the 15th day of the month before your GIC matures, we'll pull the Bank of Canada (BOC) Prime rate or the WTI price, depending on the option you selected. Your bonus is based on the rate or price on the date we review it, and based on the information in the tables below.

One-time bonus rate payouts

See below for the one-time bonus rates for your maturing Choose Alberta GIC. The calculation to determine your one-time bonus payout is:

One-time bonus payout = orginal investment ✕ one-time bonus rate

Choose Alberta GIC—BOC Prime rate

GIC maturity date One-time bonus rate BOC Prime rate month BOC Prime rate change1
December 1–31, 2020 0.00% November 15, 2020 Decreased by 1.25%

Choose Alberta GIC—WTI oil price

GIC maturity date One-time bonus rate WTI oil price month WTI oil price
December 1–31, 2020 0.00% November 15, 2020 $39.63

How your one-time bonus rate is determined

Here's how we determine the one-time bonus for your Choose Alberta GIC.

Choose Alberta GIC—BOC Prime rate

Prime rate change1 One-time bonus rate
No increase or Prime decreases 0%
0.01%–0.75% increase 0.50%
0.76%–2.00% increase 0.75%
More than 2.00% increase 1.00%

Choose Alberta GIC—WTI oil price

Oil price One-time bonus rate
Less than or equal to $50 0%
$50.01–$65.00 0.50%
$65.01–$85.00 0.75%
$85.01 or greater 1.00%


The 2018 Choose Alberta GIC was sold between September 8, 2018 and May 31, 2019.

It was available in a Tax-free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), non-registered Guaranteed Investment Certificate (GIC) and business GIC.

Only the 27-month term was available for the 2018 Choose Alberta GIC.

The one-time bonus payment will appear as an AB GIC Cr Bonus Interest alongside your maturing Choose Alberta GIC on your statement.

Questions on what to do next?

Whether you’d like to invest in another GIC or to get expert advice on other ways to use this money to meet your goals, our knowledgeable team can help.

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