The different types of GICs and their features are:

• 6 months - Annual interest rate, redeemable after 180 days
• Cashable - Redeemable prior to maturity, interest paid annually
• Annual - Annual interest rate, annual pay-out, non-redeemable before maturity
• Annual Compound - Annual interest rate, interest compounded annually and paid at maturity, non-redeemable before maturity
• Semi-Annual - Annual interest rate, semi-annual pay-out, non-redeemable before maturity
• Monthly - Annual interest rate, monthly pay-out, non-redeemable before maturity
• US$ Pay - Annual interest rate, US currency purchase and pay-out, non-redeemable before maturity