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​For whatever you are saving for

Safe and secure investment options, GICs and term deposits should be considered an important part of a balanced portfolio.

Flexible terms range from 30 days
​ to five years.

Interest may be paid monthly, quarterly,
​semi-annually or annually.

Eligible Canadian dollar deposits are covered up to $250,000.1

Guaranteed Investment Certificates

A longer-term deposit offering competitive interest rates that is locked for the full term, a GIC is a safe and secure investment that guarantees your original investment (the principal). You’ll earn a guaranteed rate of return for the duration of your investment. 

It’s also a good option for those who know they will not need to access the money for that term length.

  • Can be held by in registered investments such as RRSPs, RRIFs and TFSAs.2
  • Flexible investment terms range from 1 to 5 years.
  • Available in Canadian dollars only.
  • View GIC rates.

Term Deposits

Built for the shorter term, a term deposit is a secure investment that generally offers a higher rate of interest than a traditional savings account. 

It is an attractive product not only for its security, but also because it offers a predictable rate of growth and is not exposed to the risk of losses due to market fluctuations. 

  • Can be held by in registered investments such as RRSPs, RRIFs and TFSAs.2
  • Flexible investment terms range from 30 to 270 days.
  • Available in CAD, USD and euro.3
  • View term deposit rates

Index-Linked Term Deposits

Also referred to as Market-Linked Term Deposits, these are offered in 3- and 5-year terms. Each offers a guarantee of your principal with a rate of return tied to growth in the stock market; these are based on the performance of the S&P and TXS60 Index.4 

Benefit from a higher potential return than a fixed-rate deposit, but with no risk to your initial investment – no matter what happens in the stock market, you are guaranteed the return of your principal when your deposit matures.

A diversified investment in Canadian corporations, with no fees or commissions.

Index-linked term deposits are
RRSP-eligible.

No guaranteed return, but the principal is insured up to $250,000.

Have questions?

Contact one of our knowledgeable investment specialists and start saving today.

Terms & Conditions

1 Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) of Ontario. To learn more, call 1-800-268-6653, or visit www.fsrao.ca.

2 When GICs are held outside of registered plans like RRIFs, RRSPs and TFSAs, they will be taxed on the interest earned. 

3 These foreign currency deposits (USD, euro) are not covered under DICO’s deposit insurance program.

4 Standard & Poor's® and S&P® are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Central 1 Credit Union Limited and sublicensed by the Credit Union. TSX is a trademark of the Toronto Stock Exchange and has been licensed for use by Central 1 Credit Union Limited and sublicensed by the Credit Union. Index-linked term deposits are not sponsored, endorsed, sold or promoted by Standard & Poor's or the Toronto Stock Exchange, and neither party makes any representation regarding the advisability of investing in these deposits.