Call Us Today! 1-877-996-6677

Want to apply for a mortgage? Apply Now



Guaranteed Investment Certificates (GIC) offer a safe way to invest your money, as your principal and interest rate are guaranteed. Whatever you’re saving for, keep your money secure with GICs.

Why invest in a GIC?

Because you’re guaranteed to keep what you invest, GICs are a great choice if you are looking for a safe place to keep your savings. And because there are many different types of GICs to choose from, it’s easy to find one that fits your particular savings goal. For example, GICs might be the perfect fit for you if you are:

  • Retired and need guaranteed savings to fund your future with confidence
  • Looking for a secure place to hold your savings for a while – whether it’s for the short-term or an extended period of time
  • Not sure when you might need access to your money
  • Looking to save money for a major purchase or expense – such as a home, wedding or vacation
  • A corporate entity and looking for savings diversification and stability (such as for a condo corporation reserve fund, or for property or equipment purchases)

Why choose a mortgage lender's GICs?

  • Some of our mortgage lender partners offer a variety of GICs with terms ranging from 30 days to 5 years, so it’s easy to find one that matches your timeline.
  • You can decide how often you want to receive interest payments – monthly, semi-annually, annually or at maturity (for terms of one year or more).
  • Choose between having flexible access to your money or locking it for a set time period if you know you don’t need it for a while.
  • Invest in security
  • GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage, up to applicable limits, so your savings are protected and your money will be there when you need it.

Ladder by maturity date:

Instead of putting all of your savings into one GIC, consider dividing it up among multiple GICs with different maturity dates. You can earn the higher rates that come with longer terms while having access to some of your money sooner with short-term GICs. Plus, only a portion of your investment will be exposed to interest rate changes at any given time, providing protection against any fluctuations in the market.

What GICs are right for you?

A range of GIC options are available, giving you choice, flexibility and security with:

  • Registered or Non-registered plans
  • Many options to choose from: Our terms range from 30 days to 5 years and are available as cashable and non-cashable GICs
  • Flexible payment schedules: Choose the interest payment schedule that suits your needs best – whether that’s monthly, semi-annually, annually or at maturity
  • Security: Our GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage, up to applicable limits, so your savings are protected and your money will be there when you need it
  • Great rates: Our GIC rates are among the highest available
  • Deposit a little or a lot: The minimum deposit is $1,000

Is a GIC right for you?

Because GICs offer a range of benefits and options, just about anyone can consider them as part of their savings and investment plan. Here are some questions you can ask yourself if you’re not sure whether they’re the right fit for you.

What are you Trying to do? How can we help?
I am saving for a specific short-term goal Short-term GICs range from 30 -365 days.  Choose a cashable GIC for extra flexibility
I am saving for a long-term goal, like retirement Long-term GICs range from 1-5 years and offer some of the best rates available
I am just saving - not sure what for yet Cashable GIC options let you access your money when you need it - whenever that might be (as early as 30 days)
I've maximized my RRSP and/or TFSA contributions and I need somewhere to put my extra savings Deposits up to $100,000 are covered by the Canada Deposit Insurance Corporation (CDIC), so your extra savings will always be protected.
I have money in other higher-risk investments The security of non-registered GICs provides a great complement to any investment portfolio.
I'm retired and want to have control over my savings GICs come in a variety of terms and interest payment frequencies, putting you in control of how much you want to come due and when, keeping your cash flowing the way you need. A Retirement Income Fund (RIF) is a perfect way to manage your retirement savings.