A guaranteed interest rate product is a product that offers a predetermined and guaranteed fixed interest rate if held for a certain number of years.
For example, if you were to deposit $1,000 into a guaranteed interest rate product with a guaranteed interest rate of 1% for a 1-year term, then you would receive $1,010 at the end of the 1-year term. Market Trust has a similar model but with a different interest rate and a longer term requirement.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article