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Borrowing to invest is leveraging. The risk associated with using borrowed money to buy securities is higher than when using your own cash. If you borrow to buy securities, you're required to pay back what you've borrowed plus the
interest stipulated in the terms of the loan even if the securities you bought drop in value. Talk to your mutual fund representative for more information about leveraging. Back to note reference [ 1 ]
Subject to approval by the Fédération des caisses Desjardins du Québec (the "Federation"). Annual interest rates shown are subject to change. Accord D RRSP financing is a cash
advance obtained using a credit card issued by the Federation (the "card") for the purchase of a Desjardins RRSP product. Payments of principal and interest may begin following a deferred principal payment period at the cardholder's request.
During this deferred principal payment period, only interest is payable. At the end of the deferred principal payment period, principal and interest are repaid through equal and consecutive monthly instalments determined at the time the cash advance is
obtained. If the deferred principal payment period is not requested, the RRSP financing is repaid through equal and consecutive monthly instalments determined at the time the cash advance is obtained. The interest payable during the deferred principal
payment period and the equal monthly instalments are included in the credit card's minimum payment due. If the minimum payment due is not paid by the due date, the card's annual interest rate, which cannot exceed 19.9%, will apply to the unpaid monthly
instalment. There is no grace period on cash advances, cheques or balance transfers. There is a 21-day, interest-free grace period, starting on the day the account statement is issued, where the account can be settled in full without paying additional
interest, except on cash advances and cheques. The minimum payment for the card with Accord D–RRSP financing is 5% of the total balance shown on the account statement for the previous period, the interest on purchases
and monthly instalments that were not paid by the due date for that period, regular purchases, cash advances, cheques and balance transfers from the current statement period, and interest on cash advances, cheques and balance transfers. To these amounts
are added monthly instalments for the current statement period, deferred payment purchases due on the statement date, past due amounts, and any other amount set out in the credit card agreement. In addition, enrolment or renewal fees ranging from $0 to
$399 may apply depending on the credit card. Examples of applicable interest charges for a 30-day billing cycle if the average daily outstanding balance is $100, $500, or $1,000: $1.72, $8.59 and $17.18 respectively with a regular annual interest rate of
20.9%. Back to note reference [ 2 ]
Rates are subject to change without notice. To get this rate, the financing provided must be invested in a Desjardins investment product. Back to note reference [ 3 ]
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