Guaranteed Investment Certificates (GIC)

Sometimes, investment security and protection trumps high interest rate opportunities. In those cases, you might wish to purchase a Guaranteed Investment Certificate (GIC).

A GIC is a special type of deposit, for a specific term, that offers fixed interest rates. Because of its low risk profile, a GIC will often have a low interest rate. However, both your principal and the interest accrued are guaranteed.

What you need to know:

  • Terms are offered up to 10 years.
  • Interest can be paid out monthly, quarterly, semi-annually, annually, or at maturity.
  • Options are available with GICs including Installment Based GICs and Escalating Rate GICs.

Call our expert team today to see if GICs are a good choice for your financial objectives.

709.778.2388 / toll free 1.888.720.3282

Kirk Stoyles

Financial Advisor

Carl Grimes

Financial Advisor

Sean Kennedy

Financial Advisor
St. John's, NL

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