Guaranteed Investment Certificates (GICs)
Guaranteed Investment Certificates (GICs) can be suitable for investors who are prepared to lock in their funds for a specific time period. GICs can meet both short-term and long-term investment goals and are well suited to an investment strategy of Laddered Maturities.
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Minimum
Investment |
Term |
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Short-Term Option |
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Non–registered and Registered (TFSA) |
$5,000 |
30 to 364 days |
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Registered (RSP, RESP, RIF)
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$2,000 |
90 to 364 days |
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Interest Payment Options:
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Long-Term Option |
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Non–registered and Registered (TFSA) |
$1,000 |
1-5 years |
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Registered (RSP, RESP, RIF)
(Not cashable, unless for RESP/RIF payments) |
$500 |
1-5 years |
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Interest Payment Options:
- Compounded annually and paid at maturity
- Paid semi-annually and at maturity
- Paid annually and at maturity
- * Paid monthly ( minimum investment of $5,000)
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For more GIC options, read about our Special GICs with special features, rates and flexibilities.
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