When the term 'interest rate' is used, by default does it mean compound interest unless specified otherwise?
At this link : http://www.rbcinvestments2.com/actiondirect/remote_fixedrates.html they use the word 'interest' many times, so that got me wondering.
W.r.t the above link, 2 more questions:
Why such a huge difference between Registered minimum purchase and non-registered min purchase?
Under : Cashable GIC - Interest Paid Annually, for 2 years, the interest rate is 0.00?