How often is the dividend on a Certificate compounded?

Dividends will be posted to your account each calendar quarter. We use the daily balance method to calculate the dividends on your account. This method applies a daily periodic rate to the principal in the account each day.

Throughout the term of the Certificate, dividends will be posted on the last day of March, June, September, and December. Dividends will be automatically reinvested into the Certificate; however, you can request to have the dividends automatically posted to another Connexus account quarterly.