Guaranteed Investment Certificates

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*
  • A premium rate is paid for investment portfolios of $25,000 and over
  • Minimum Investment:
    • $500 for registered investments 
    • $1000 non-registered investments
    • $500 for both registered and non-registered investments for members age 25 and under

    *subject to terms and conditions´╗┐

Deposit Insurance Corporation of Ontario


At Education Credit Union, eligible deposits are insured by the Deposit Insurance Corporation of Ontarion.  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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