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Guaranteed Investment Certificates (GICs) are fixed income investment products that provide a guaranteed interest rate for a specified period of time (it essentially works like a savings account in that you deposit your money and then earn interest on it over time). The key benefits to this investment vehicle are in its guarantee and security.

Deposit Insurance

GICs offered by banks and trust companies are insured by the Canada Deposit Insurance Corporation (CDIC), a federal crown corporation, up to $100,000 per unique holder. To learn more about CDIC coverage, please visit www.cdic.ca.

All credit unions in Ontario are insured by the Financial Services Regulatory Authority of Ontario (FSRA), a provincially owned organization that insures all term deposits up to $250,000. To learn more about DICO coverage, please visit https://www.fsrao.ca/consumers/credit-unions-and-deposit-insurance

Term deposits with insurance companies in Canada are also covered up to $100,000. Assuris provides coverage for these investments and although Assuris is not government owned, it is well respected and endorsed by the government. To learn more about Assuris coverage, please visit www.assuris.ca.

Special GIC Rates

1 year 5.50%**
18 month 5.25%**
2 year 5.01%*
30 month 4.82%**
3 year 5.00%**
4 year 4.41%*
5 year 4.39%*

* Minimum Investment $25,000
** Minimum Investment $50,000
*** Minimum Investment $75,000
**** Minimum Investment $100,000

The above mentioned rates are for non-registered GIC’s and the rates are subject to change without notice.

CDIC Deposits Insured up to $100,000
FSRA Deposits Insured up to $250,000
Assuris Deposits Insured up to $100,000

Certain minimums may apply. Some rates are available to Ontario residents only, please call for details.