A Guaranteed Investment Certificate (GIC) can be purchased by logging into your account on the website (not the mobile App)
- Go to Trade -> Fixed Income.
- Select GIC Order
- Select GIC Rate Sheet to see our inventory of GIC products
We offer non-cashable GICs up to 5-year term with annual payout or compounding interest features. Be aware that a GIC can not be redeemed and may not be transferable. Keep this in mind if you need to withdraw money from a RRIF or LIF payment or if you have any short term needs for cash. There is no commission charged to buy a GIC.
Also be aware of HISA or Money Market Mutual Funds as short term alternatives to cash. GIC’s are protected under CDIC insurance or Credit Union Deposit Insurance.