GICs and Term Deposits
Greater things are on your horizon when you get a GIC with 1st Choice Savings!
GIC stands for Guaranteed Investment Certificate. This guarantees a specific rate of return over a predetermined period of time.
GIC / Term Deposit Featutres:
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SafeYour principal investment and interest are guaranteed. |
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ConvenientPick the term that works with your financial goals. |
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Higher InterestGICs offer higher interest rates than a savings account. |
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Eligible for TFSAs and RRSPs**Conditions apply |
Short Term GICs
30 - 270 Days
Don’t have money to put away for a long time? Try a Short Term GIC.
Many people think that in order to invest they have to put money away for at least a year but we many options to meet your needs.
Short Term GICs are ideal for someone who:
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Is saving for a large purchase. |
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Wants to maintain some liquidity in a portfolio. |
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Wants to invest, but needs to access cash sooner than later. |
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May be paying off multiple debts, but wants to start investing. |
Long Term GICs
1 - 5 years
Long Term GICs range from 1-5 years and generally offer a higher rate of return the longer they are held for.
Long Term GICs are great for someone who:
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Is interested in a higher rate of return on their investments. |
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Is comfortable locking in for longer period of time. |
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Is saving for long term goals. |
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Wants more stability in their portfolio. |
For a our current long term rates, click here.
To Open a GIC
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Or call us toll free today to make an appointment! 1.866.803.0733