A Guaranteed Investment Certificate (GIC) offers you a guaranteed interest rate for a specified period of time. You can choose from several different investment options that can diversify and add flexibility to your portfolio.
A straight forward GIC investment option offers any term choice desired between 30 days and 30 years. You can choose a cashable certificate that can be redeemed prior to maturity versus a non-cashable certificate that cannot be cashed (except upon death) prior to the term expiration. There are escalating accounts that increase the rate of return each year until the investment matures or laddered accounts where your investment is diversified into multiple term lengths.
Guaranteed Investment Certificates are offered through life insurance companies as well as banks. We have access to GICs from many different financial institutions and we shop the marketplace for you.