What is a market-linked GIC?
Like other types of GICs, a market-linked GIC has a set term, usually between one and five years, and the principal is guaranteed. Unlike standard GICs, however, the rate of return on a market-linked GIC is tied to the performance of a stock market index or a basket of stocks. The minimum investment for all market-linked GICs is $100.
The performance of the stocks or indexes that the GIC is “linked” to, determines the rate of return. But no matter how the stock market performs, at a minimum, you’ll get your principal – or the full amount you originally invested – back at maturity.*
Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
Reasons to invest in a market-linked GIC
Potential higher returns
Principal 100% guaranteed
RRSP & TFSA eligible
Diversity Market-Linked GIC
An investment linked to 20 equally weighted companies in a variety of sectors around the world that have adapted diversity policies and where women hold 30% of company board seats at time of selection.
3-year Financial Services Market-linked GIC
If you’re interested in a longer-term investment with more potential upside, this could be the right choice. This GIC is is linked to 8 equally-weighted major Canadian financial institutions.
Maximum cumulative rate: 35.00% (10.52% annualized)
Explore more market-linked GICs
Canadian Diversified Market-linked GIC
An investment linked to 20 equally-weighted, select Canadian companies across diverse sectors.
Environmentally Responsible MLGIC
An investment linked to 20 companies; respecting the environment from different economic sectors.