Because GICs guarantee principal and offer a competitive interest rate, they're widely considered to be an important component of a well-balanced portfolio.
Product Highlights
- Short-term GICs: 30 - 89 days ($25,000 minimum), 90 - 364 days ($5,000 minimum)
- Long-term GICs: 1 - 5 years ($1,000 minimum)
- Four issuers: B2B Bank, Laurentian Bank, Laurentian Trust, LBC Trust — all are members of CDIC
- Account types: individual or spousal/common-law partner (Locked-In RRSP and Locked-In Retirement Accounts also available).
- Competitive rates