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May. 18, 2012 
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Home  >  Investments   >  GICs
Guaranteed Investment Certificates

Non-redeemable and redeemable Guaranteed Investment Certificates (GICs) offer a fixed rate of return for a specific term, with both principal and interest guaranteed.

Benefits

  • Security and safety — Both the original investment and interest payments are guaranteed
  • Competitive interest rates — guaranteed for the full term of the investment
  • RRSP, RRIF and LRIF eligible

Key Features

  • Investment terms of one to five years
  • Guaranteed principal and interest rate
  • Annual or monthly interest payments*
  • A premium rate is paid for investment portfolios of $25,000 and over
  • Minimum Investment:
    • $500 for members age 25 and under
    • $1000 non-registered investments
    • $500 registered investments

*subject to terms and conditions

Term deposits are insured through the Deposit Insurance Corporation of Ontario.


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