Guaranteed Investment Certificates (GICs)

What are Guaranteed Investment Certificates (GICs)?

GICs are safe, low-risk investments that work similarly to a savings account. You deposit money into a GIC account, and that amount earns interest over time. The difference is, a GIC requires you to leave the money in the account for a specified period of time (a term) – if you elect to withdraw your funds early, before your term is up, you typically have to pay a penalty. Terms range from 1 year to 5 years. The longer your term, the higher the interest available for you to earn. Upon completion of your term period, you receive the entire sum that you deposited, plus your earned interest.

Couple discussing investments
Guaranteed Investment Certificates (GICs)Feature
  • Our highest guaranteed interest rate for the term selected
  • Interest payment flexibility
  • Automatic renewal options
Rate of ReturnGuaranteed for the term selected
Terms1 year to 5 years
Minimum Investment
  • $500 for Adults
  • $100 for Young Members (under 18)
Current RatesClick here to view the current GIC rates.

GICs Have the Following Benefits:

Peace of Mind

Peace of mind knowing that your interest rate is guaranteed.

A Range of Terms

A range of terms to fit your investment needs.

Community Reinvestment

All funds are reinvested in our community as loans and mortgages.

For more information about Guaranteed Investment Certificates: