What is a Guaranteed Investment Certificate?A Guaranteed Investment Certificate (GIC) is an investment that guarantees 100% of the principal amount that you invested will be returned to you. Your investment earns interest, at either a fixed or a variable rate, or based on a pre-determined formula. Your interest rate is guaranteed, so you don’t need to worry about any changes in the markets or the economy. A GIC can be purchased for a term of as little as 1 year, and up to 5.
Always check if there are penalties for early withdrawal and how much those penalties are. It is important to consider the liquidity of any investment. Liquidity means how available your money will be if you want to withdraw it on short notice. Generally, the more liquidity you want, the lower the interest-rate.
How much can I invest?
All of our GICs offered are insured for up to $100,000 by the Canadian Deposit Insurance Corporation. We are a registered deposit broker.
Who is eligible?
Anyone over the age of 18 is eligible to invest in a GIC.
A minimum deposit will be required to invest with most companies.
Identification requirements vary by company. An Advisor can help you decide which company is right for you.