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Financial Services Market-linked GIC

Financial Services Market-linked GIC

Capitalize on the growth potential of major Canadian financial institutions

Features and benefits

  • 100% participation rate - receive the full gains of the Market-Linked GIC over the term, up to a maximum rate (return is based on the cumulative return of the basket of securities)
  • Principal completely guaranteed at maturity
  • Earned interest paid at maturity
  • $100 minimum investment for registered and non-registered accounts
  • No management fees or commissions
  • Available for a 1, 3 or 5-year term
  • 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).

Current sales period details

Rate of Return

  • Current Offering: November 22, 2022 to January 20, 2023
  • Minimum cumulative rate over 1-year period: 2.00% (2.00% annualized)
  • Minimum cumulative rate over 3-year period: 4.00% (1.32% annualized)
  • Minimum cumulative rate over 5-year period: 8.00% (1.55% annualized)
  • Maximum cumulative rate over 1-year period: 7.50% (7.50% annualized)
  • Maximum cumulative rate over 3-year period: 40.00% (11.87% annualized)
  • Maximum cumulative rate over 5-year period: 70.00% (11.20% annualized)

View performance results

StocksWeight
Bank of Montreal12.50%
Canadian Imperial Bank of Commerce12.50%
Intact Financial Corp12.50%
Manulife Financial Corp12.50%
National Bank of Canada12.50%
Royal Bank of Canada12.50%
Sun Life Financial Inc12.50%
Toronto-Dominion Bank/The12.50%
Total100%