On Sun, 2 Jan 2005 12:55:01 -0800, "D Fisher"
<DFisher[at]discussions.microsoft.com> wrote:

- quote -

This discussion which took place within the last few days,
http://groups.google.ca/groups?hl=en...0.1%26rnum%3D1

may be of assistance to you. It does provide for a couple of options in
regards to setting up the GIC as either an investment or a regular savings
account.

After reading other questions and responses reagrding the creation and
management of CD's, I have the following question:

I have been struggling to find the appropriate investmant to use for a
Canadian GIC (guaranteed interest), another user suggested using CD's which
seems to work fine. My employer deposits an amount monthly to a GIC which is
locked in for 5 years at a pre-determined interest rate. This started just
over 5 yrs ago, so they are starting to mature.

Since then, my employer switched to bi-weekly desposits, so now I have new
deposits every 2 weeks, and maturing investments every month.

Until now, I have been satisfied with tracking the investments and interest
gains as a simple savings account. If I want to be as accurate as possible,
do I have to create 60 (5 yrs times 12 months) CD investmants, all with
different maturity dates and interest rates? and continue to do so every 2
weeks as long as my employer continues to deposit? This means that 5 years
down the road I will have 130 small investments (26 pay periods times 5 yrs)
and still have to create new names for the investments every 2 weeks. It
seems like I am missing somthing fundamental, there must be an easier way.

Also, I am transferring the maturing deposits to higher yield RRSP's. Is
there an automatic feature that will perfom this task whenever the CD/GIC
matures, or does it have to be done manually each time the investmant matures?

I hope this makes sense to someone!
Thanks!