GICs & Term Deposits

TD investment solutions that work

Unlike traditional GICs that guarantee an interest return¹ when you invest, most of our Market Growth GICs link their return to the change in one or more underlying stock market indices. The return if any, is calculated as 100% of the percentage change in the underlying stock market index or indices over the term of the investment, up to a maximum return that is set at the time of purchase. The Security GIC Plus offers both this potential return plus a guaranteed minimum interest return.

What if the closing level of the index/indices linked to my GIC is higher than the opening level, but less than the maximum return cap?

You will receive:

• Your principal investment; plus
• The return based on the percentage change in the index/indices

This means that you benefit from the growth of the market without risking your principal investment.

What if the closing level of the index/indices linked to my GIC is the same or lower than the opening level?

You will receive:

• Your principal investment
• If you have the Security GIC Plus, the guaranteed minimum interest is your return.

What if the closing level of the index/indices linked to my GIC is the same or higher than the maximum return cap?

You will receive:

• Your principal investment; plus
• The maximum return

Compare our Portfolios

• Compare our Market Growth GICs

  Our lineup of Market Growth GICs provides a variety of options that can align you with the growth potential of the world's leading stock markets while keeping your principal safe. And no matter which Market Growth GIC you choose, your investment is not exposed to fluctuations in foreign currency and your return, if any, is paid at maturity in Canadian dollars.

  	GIC Plus	Financials GIC Plus	Utilities GIC Plus	U.S. GIC Plus	Global GIC Plus	Security GIC Plus
  Return linked to index/indices	S&P/TSX 60	S&P/TSX Banks Index	S&P/TSX Capped Utilities Index	S&P 500 Index	Mix of the following indices (weighting determined by TD Canada Trust): S&P/TSX 60 Index S&P 500 FTSE 100 Nikkei 225 Dow Jones EUROSTOXX 50	50% weighting in each of the following indices: S&P/TSX Bank Index S&P/TSX Capped Utilities Index
  Description of the index/indices	This index is comprised of the stocks of 60 largest companies listed on the TSX (as measured by market cap)	This index is comprised of the stocks of various Canadian financial institutions	This index is comprised of the stocks of various Canadian utilities companies	This index is comprised of 500 stocks chosen for market size, liquidity and industry grouping - designed to be a leading indicator of U.S. equities	This mix of global indices and markets doesn't expose you to foreign currency risk since the return, if any, is paid in Canadian dollars	These indices are comprised of the stocks of various Canadian financial institutions and Canadian utilities companies
  Term	3, or 5 years					1, 3, or 5 years
  How Returns are calculated	Returns, if any, are calculated based on the change in the underlying stock market index/indices over the term of the GIC up to a maximum level. In addition Security GIC Plus offers a guaranteed minimum interest return. See full rate information. Interest return, if any, is calculated and paid at maturity. For further details on how the interest return is calculated, please refer to the TD Canada Trust Market Growth GIC Disclosure Statement.
  Minimum investment	$500 (RSP, RIF, RESP) $1,000 (Non-Registered, TFSA)					$500 (RSP)* $1,000 (TFSA)

  * Security GIC Plus is not offered within an RESP or RRIF.
  

Historical performance

Check out the returns of recently matured TD Market Growth GICs

• TD Market Growth GICs Performance chart

  Market Growth GICs	Maturity Period (3 months): October - December 2012 Group of 3 consecutive months that comprises all Market Growth GICs that have matured during this period		Maturity Period (3 months): January - March 2013
  	Average return at maturity The average return at maturity of a Market Growth GIC refers to the simple average of the returns paid in a maturity period	Average change in applicable index/indices The average change in the applicable index refers to the simple average of the daily changes in the index/indices in a maturity period	Average return at maturity	Average change in applicable index/indices
  1 Year
  Security GIC Plus (*)	2.25%	10.46%	2.21%	8.17%
  3 Year
  Security GIC Plus (*)	9.92%	14.63%	8.89%	18.20%
  GIC Plus	3.81%	3.85%	6.37%	6.58%
  Financial GIC Plus	13.16%	14.04%	11.40%	18.55%
  Utilities GIC Plus	14.41%	20.69%	10.91%	15.01%
  U.S. GIC Plus	9.84%	30.77%	10.00%	34.88%
  Global GIC Plus	0.84%	-0.07%	8.00%	10.03%
  5 Year
  Security GIC Plus (*)	15.07%	6.42%	24.38%	24.38%
  GIC Plus	0.00%	-13.01%	0.06%	-5.94%
  Financial GIC Plus	7.63%	7.61%	27.21%	27.21%
  Utilities GIC Plus	0.08%	-3.34%	2.65%	2.46%
  U.S. GIC Plus	0.00%	-5.11%	12.20%	12.20%
  Global GIC Plus	0.00%	-33.14%	0.13%	-10.49%

  * The Average return of the Security GIC Plus includes the guaranteed minimum return
  

  
  

  How to read the table:

  What is a Maturity Period?

  A maturity period is defined as a group of three consecutive months (quarter) that comprises all Market Growth GICs that have matured during this period

  What does Average return at maturity of a Market Growth GIC mean?

  The average return of a Market Growth GIC refers to the simple average of the returns paid in a specific maturity period. For instance, the average return of the 5 Year Utilities GIC Plus for the maturity period of January - March 2012 is calculated as the simple average of the returns paid to all 5 Year Utilities GIC Plus investments that matured between January 1 and March 31 of 2012

  What does Average change in the applicable Index mean?

  The change in the applicable index/indices is calculated as the difference between the Opening Level (OL) and Closing Level (CL) of the index/indices, expressed as a percentage. Thus, the average change in the applicable index refers to the simple average of the daily changes in the index/indices in a specific maturity period

  For instance, the average change in the underlying index of the 5 Year Utilities GIC Plus for the maturity period of January - March 2012 is calculated as the simple average of daily changes in the applicable index on issued 5 Year Utilities GIC Plus investments with an OL set between January 1 and March 31 2007 and a CL set between January 1 and March 31 2012

  Scenarios

  1. Average return at maturity on a Market Growth GIC is greater than the Average change in its applicable index

     During a given maturity period, on average, the return paid on a Market Growth GIC exceeded the change in its underlying index/indices. It is possible that, on any day(s) within the maturity period, the return paid on a Market Growth GIC could be lower or equal to the change in its underlying index/indices

  2. Average return at maturity on a Market Growth GIC is lower than the Average change in its applicable index

     During a given maturity period, on average, the return paid on a Market Growth GIC was lower than the change in its underlying index/indices. It is possible that, on any day(s) within the maturity period, the return paid on a Market Growth GIC could be greater or equal to the change in its underlying index/indices

  3. Average return at maturity on a Market Growth GIC is equal to the Average change in its applicable index

     During a given maturity period, on average, the return paid on a Market Growth GIC was equal to the change in its underlying index/indices. It is possible that, on any day(s) within the maturity period, the return paid on a Market Growth GIC could be greater or lower than the change in its underlying index/indices

  
  

Explore your TD Market Growth GIC options today

• Visit any TD Canada Trust Branch
• Or call 1-866-222-3456 to discuss your options

If you have an account with TD Canada Trust you can apply now!