GUARANTEED INVESTMENT CERTIFICATE | GIC

Best GIC deposit rates are available to Advisors* and Investors daily.

Guaranteed Investment Certificates (GICs) are low risk investments that earn interest for a specific amount of time. GIC terms vary from one month to 25 years or more. They have low fees if at all, are low risk and financial institutions offer insurance for your investments that guarantees that your money is secure. Financial institutions that offer GICs include insurance companies, trust companies, credit unions, and banks.

Laddering A GIC Investment Strategy

Laddering is a relatively simple concept where investors purchase GICs with differing maturing dates and thus different rates of return.

If you have $100,000 to invest, for example, divide the investment into equal amounts of $20,000:

  • Invest $20,000 for 1 year;
  • Invest $20,000 for 2 years;
  • Invest $20,000 for 3 years;
  • Invest $20,000 for 4 years; and
  • Invest $20,000 for 5 years.

Any maturing GICs would be invested for 5yrs

Advantages are:

  • Diversification;
  • Liquidity;
  • Eliminates guess work;
  • Security;
  • Better control of cash flow; and
  • Potential increase in returns.

Contact your Advisor or our office today to receive GIC rates or to discuss your GIC laddering approach.

*ADVISORS MUST BE AFFILIATE MEMBERS OF THE REGISTERED DEPOSIT BROKER ASSOCIATION


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