Your plan offers the Deposit Fund, which has upcoming changes that we want to make you aware of. The Deposit Fund is an interest-bearing account that credits daily interest at rates that can change daily. It allows maximum flexibility for members to transfer money in and out of the same fund without short-term trading costs.

The Deposit Fund is also commonly referred to as a Daily Interest Account (DIA).

Starting in June 2024, Sun Life will be reducing Deposit Fund base rates to align with industry practice for short-term savings accounts. This will not impact the Guarantee Interest Accounts (GIA), Guaranteed Daily Interest Account (GDIA) or Guaranteed Interest Certificates (GIC).


For alternative investment options or any other questions regarding this change, please reach out to your Group Retirement Services Representative.