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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.

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Reviewing investment statements with IC Savings branch manager.
 
 

Guaranteed Investment Certificate

 

Safe and secure, a GIC guarantees the rate of return for the chosen term as well as your original investment (the principal). 

  • Can also be held in registered products such as RRSPs, RRIFs and TFSAs.1
  • Flexible terms range from 1 to 5 years.
  • Interest is calculated and paid annually.
  • Available in Canadian dollars only.
  • View GIC rates.

Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). 

Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
 

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. Attractive not only for its security, it also offers a predictable rate of growth and is not exposed to the risk of losses due to market fluctuations. 

  • Can also be held in registered products such as RRSPs, RRIFs and TFSAs.1
  • Flexible terms range from 30 to 270 days.
  • Available in CAD, USD and euro.3
  • View term deposit rates. 

Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
 
Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
 

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. 2 

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.

 
 
 

Terms & Conditions

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

2 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.

 
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