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.


  • 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, RESP and TFSA eligible

Key Features

  • Investment terms of one to five years
  • *Guaranteed principal and interest rate
  • **Annual or monthly interest payments*
  • Minimum Investment:
    • $500 for registered investments 
    • $1000 non-registered investments
    • $500 for both registered and non-registered investments for members age 25 and under

*Refer to DICO  rules for insurance coverage and subject to terms and conditions.

**Subject to terms and conditions.

Deposit Insurance Corporation of Ontario

At Education Credit Union, eligible deposits are insured by the Deposit Insurance Corporation of Ontario.  For further information on deposit insurance coverage, please ask for a brochure at the credit union, visit the  Deposit Insurance Corporation of Ontario (DICO) website, or call DICO at 1-800-268-6653.


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