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Security and Peace of Mind
With Guaranteed Return GICs, your interest rate is guaranteed, so you don’t need to worry about any changes in the markets or the economy. With a number of different products, Guaranteed Return GICs offer a wide range of features and options.
Common Reasons to Choose Guaranteed Return GICs
- Flexible terms: A Guaranteed Return GIC can be purchased for a term of as little as one day or up to 10 years.
- Different interest payment options: Interest payments available monthly, semi-annually, annually, or at maturity – you choose what works best for you.
- Increasing rates: Our Rate Advantage GIC has an interest rate that increases over the term of investment.
Non-Redeemable and Redeemable GICs
Offer a fixed rate of return for a specific term, with both principal and interest guaranteed.
- Your original investment is protected
- A competitive interest rate is guaranteed for the full term of the investment
- Choice of terms and interest payment options
Best if:
- You’re looking to invest for a specific term at a guaranteed rate without risk
- You want to choose from a wide variety of investment terms and interest payment frequencies
- You’d like to minimize the impact of interest rate swings and tailor your investments to your personal needs
One-Year Cashable GIC
Cashable at any time with interest paid if held for 30 days or longer.
- Competitive interest rates without long-term commitment – one-year term
- Easy access to your money when you need it
- Guaranteed rate of return
Best if:
- You want to earn a guaranteed competitive return while maintaining maximum access to your funds.
RateAdvantage® GIC
Guaranteed interest rate increases at each anniversary date.
- Rates are guaranteed to increase on each anniversary date over the term of the investment1
- Choice of cashable or non-redeemable version
- Funds accessible on each anniversary date – in cash or to re-invest if interest rates rise (cashable version)
Best if:
- You want to have access to competitive rates that are guaranteed to increase each year
- You wish to maintain access to your funds - the cashable version lets you access your funds on any anniversary date
U.S. Dollar Term Deposits
Offers a fixed rate of interest for a specific term.
- Both principal and interest payments are guaranteed
- A competitive interest rate is guaranteed for the full term of the investment
- Terms of 1 day - 5 years
Best if:
- You want to invest in U.S. dollars for a specific term at a fixed rate
- You don’t want to risk your initial investment
Income Builder GIC
Provides guaranteed, predictable cash flow, customized for your needs.
- Customize how long, how often, and how much you receive from your investment
- Choose to maximize returns with longer term interest rates
- Guaranteed rate of return and payment amounts
Best if:
- You want to optimize cash flows and liquidity by creating regular payments from the invested principal and interest earned
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1)
For Canadian residents, interest is reported for tax purposes using the yield-to-maturity rate rather than the actual interest paid each year, in accordance with Regulation 7000 of the Income Tax Act (Canada) (in Quebec, Regulation 92.5R of the Taxation Act [Quebec]). For non-residents, interest reported reflects the actual amount of interest paid each year.