GICs are non-transferable fixed income investments that offer a fixed interest rate over a specific term ranging from one month to five years. These investments are purchased and mature at the same amount plus interest earned. The interest can be payable monthly, semi-annually, annually or left to compound within the investment.
GICs are issued by Canadian chartered banks and trust companies. As a deposit Broker we are able to offer GICs from a number of these institutions and have the ability to find the best rates out there.
GICs are guaranteed by CDIC for up to $100,000. For more information on CDIC “Canada Deposit Insurance Corporation” please click here
Although GICs are not normally redeemable prior to maturity, they can be redeemed at death or in some cases such as hardship, but may be subject to an interest rate reduction.
We are able to offer you the best GIC rates available. Check out our current rates to see for yourself.Click here
For more information, please feel free to contact us.