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Guaranteed Return® GICs

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
View Details about Non-Redeemable and Redeemable GICs

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
View Details about One-Year Cashable GIC

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)
View Details about RateAdvantage GIC

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
View Details about U.S. Dollar Term Deposits

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
View Details about Income Builder GIC

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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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.