A GIC is an investment that offers a guaranteed return on your deposit.
Canadian banks and credit unions offer Guaranteed Investment Certificates because of their benefits:
Investment safety: They offer a guaranteed return with a fixed interest rate.
Higher interest: GICs earn you higher interest than a regular savings account.
Secured principal investment: You can enjoy a secured principal investment and interest.
Unlike other forms of investments, a GIC guarantees your full investment which is very rare.
Our Guaranteed Investment Certificates are designed to fit your needs. Select the one that’s right for you.
There’s no charge for investing in a GIC. And you’ll always have free access to friendly advisors who can help you reach your goals.
With our Member Rewards program, you’ll earn cash dividends by having your GIC with us.
Before investing in a Guaranteed Investment Certificate, you might be facing some key questions, that the GIC Calculator isn't answering. "Should I choose a fixed or variable rate? Redeemable or non-redeemable?"
To help you choose the most favourable GIC investment in Canada, we made a shortlist of our GIC products with stated interest rates:
| Product | 1-Year Rate | 2-Year Rate | 3-Year Rate | 4-Year Rate | |
|---|---|---|---|---|---|
| Redeemable GIC | 2.350% | - | - | - | Get This Rate |
| Non-Redeemable GIC | 3.800% | 3.600% | 3.500% | 3.400% | Get This Rate |
| Non-Redeemable Easy-Start GIC | 3.800% | - | - | - | Get This Rate |
| Non-Redeemable Convertible GIC | - | - | 3.400% | - | Get This Rate |
| Non-Redeemable Laddering GIC | 3.400% | 3.400% | 3.400% | 3.400% | Get This Rate |
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When choosing the right type of a GIC Canadian investment product, you have to ask yourself what you’re looking for. Are you looking for access to funds or a competitive rate?
Here are some GIC features to help with your investment decision.:
| Product Type | Redeemable GICs | Non-Redeemable GICs | Laddering GICs |
|---|---|---|---|
| Fixed and Guaranteed Rates | Yes | Yes | Yes |
| Guaranteed Returns | Yes | Yes | Yes |
| Accessibility | Yes | No | Yes |
| Higher Returns | No | Yes | Yes |
GICs are available to any Canadian resident age 18 and older with a Social Insurance Number.
The initial deposit must be $1,000 or more.
Your initial investment is split equally into 1-year, 2-year, 3-year, 4-year, and 5-year investments. You’ll be able to access your shorter-term investments should you need the money while your longer-term investments continue to earn interest. It combines the benefit of access to cash without penalty and getting the most interest on your investment.
Rates subject to change without notice.
Calculators on the site are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please contact us directly to seek personalized advice from qualified professionals for all personal finance issues.
Investments require a minimum deposit of $1,000. Interest is earned in the currency of the account and calculated on a per annum basis. Rates are subject to change without notice. Interest rates are annual interest rates. Interest is calculated daily on the closing credit balance. If term is withdrawn in full, the accrued interest is paid in full based on prior day's amount. If partial withdrawals are processed, there is no payment of accrued interest as it's paid according to the original terms. Interest for products can either be paid to a separate account or added to the principal on each anniversary date and at maturity.
Learn more about our accounts and services. Review our Account and Fee Information (pdf).
Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.
