GICs
What are the advantages of Guaranteed Investment Certificates (GICs)?
Guaranteed Investment Certificates (GICs) offer a fixed rate of interest for a specific term. Both principal and interest payments are guaranteed.
- Security and safety - Investors Group GICs are backed by the financial strength of Investors Group Trust Co. Ltd. All non-Investors Group GICs are backed by the financial strength of their organizations.
- Competitive interest rates - guaranteed for the full term of the investment
- Flexible investment terms - ranging from 1 year to 5 years
- Choice of interest payment frequencies
- Bonus rates on certain dollar amount purchases
- Choose from a selection of GIC companies
- CDIC protection - opportunity to maximize CDIC coverage
View Current GIC terms and rates
| Features | Benefits |
|---|---|
| Available for terms of 1 year to 5 years. | Accessible to a wide range of purchasers. Choice of term allows clients to tailor maturities to meet individual needs, including staggering maturity dates to minimize the impact of interest rate swings. |
| GICs can be purchased for as little as $500. | An initial GIC investment is relatively inexpensive. |
| All compound GICs sold by Investors Group are eligible for RRSP contributions. | Help minimize your taxes with a GIC from Investors Group. |
All GICs sold by Investors Group Consultants are non-redeemable prior to maturity except in exceptional circumstances, such as:
|
Flexibility to meet an unexpected need for funds. |
| Interest rates are based on term and interest payment frequency. Normally, the longer the term, the higher the rate of interest paid. | Flexibility allows you to select investments that are most important to you. |
| Interest payment by direct deposit to client's account, or by cheque. | Choice of interest payment method. |
| Confirmation issued for each GIC, along with quarterly statement of investment. | Easy for you to record and keep track of your investments. |
| GICs can be automatically renewed at maturity.* | Convenience of automatic renewal for clients who want freedom from administrative burden. |
*Please note: This option is not available for RBC GICs maturing after December 16, 2005
To learn more about GICs, please contact an Investors Group Consultant or visit an Investors Group office near you.
The terms, interest options, features and benefits shown above are for informational purposes only and may change without notice. Contact an Investors Group Consultant or any Investors Group office to verify this information.
