GICs & Term Deposits
Term Deposits are secure investments that can generally offer a higher rate of interest than a simple savings account. Term Deposits are available in a number of currencies, a variety of term lengths, and several redemption options.
Guaranteed Investment Certificates (GICs) are term investments that require you to “lock in” your investment for a set length of time. They generally pay higher rates of interest than term deposits but are often not redeemable before maturity.
Features and Benefits
- Term Deposits – 30 day to 5 years
- Cashable / Early Redemption
- Minimum Deposit $1000
- Interest paid annually or at maturity