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GICs
Guaranteed Investment Certificates (GICs) are term investments that you can deposit your savings into for various periods of time. You can also invest in different term lengths and “ladder your investments”, to diversify your portfolio.
Benefits
- Make more money – interest can be compounded or paid out to an account of your choice
- Flexibility – various terms are available, including redeemable and non-redeemable options
- Peace of mind – your investments are fully insured with no limit on the maximum amount
We recommend GICs if:
- You want to save for a future purchase while earning interest on your funds.
- You want an investment at a competitive rate that provides flexible term dates.
- You want investments that allow you to ladder your portfolio.
