Guaranteed Investment Certificates
When you can afford to invest some capital for a period of time and still have enough cash left to tide you over, then guaranteed investment certificates (GICs) are a very attractive option.
Excellent returns
Perhaps your assets comprise a sufficient amount of liquidities and cashable investments to face unexpected expenses? Why not consider a non-redeemable investment like a GIC? It boasts superior interest rates at terms that vary from 90 days to 10 years.
Predic table returns on investment
Generating stable revenue is a financial objective for many investors, ergo the great popularity of GICs. In fact, they can generate predictable revenues if you choose to receive interest payments at predetermined periods.
Fully guaranteed capital and rates
Perhaps you are considering investments protected against rate fluctuations? GICs offer guaranteed return over a fixed period. This product was designed to make your money work for you, risk-free, because your initial investment is 100% guaranteed.
| CHARACTERISTICS | |
| Minimum investment | 90 to 364 days: $3,000 1 to 10 years: $1,000 RRSP: $500 (all terms available) |
| Terms available | 90 days to 10 years |
| Eligibility to a registered plan | RRSP and RRIF |
| Access to capital | RRSP and RRIF |
| Interest payment | Terms less than 1 year: interest paid at maturity Terms of 2, 3, 4, 5 and 10 years: option to receive interest on a monthly or annual basis (except for investments in a retirement vehicle). |
Summary
This investment product is suited for you if:
- You seek an investment vehicle that protects the initial amount of your investment;
- You prefer to be aware of your return from the outset;
- You do not expect to need your invested capital for the duration of the term;
- You seek stable revenue.
This investment product is not suited for you if:
- You anticipate the need to access your capital on short notice.
