Turn today’s savings into confident progress toward tomorrow’s goals, with a GIC that offers clarity, confidence, and peace of mind.
Safe, secure, and flexible
A GIC (Guaranteed Investment Certificate) is a safe investment option that returns your full principal plus interest after a set term, typically up to five years, making it a low-risk choice for those seeking predictable returns.
making a decision
Understanding if you need access during your term will help you decide between a redeemable or non-redeemable GIC.
Select a GIC length that aligns with your short term (30-364 days) or long-term (1-5 years) financial goals.
Decide if you prefer the predictability of a fixed-rate term or the potential for higher, variable returns with prime-linked or market-linked terms.
EXPLORE GICs
| GIC | Cashable | Registered | Non Registered | Term | Min. Investment | Rate Type |
|---|---|---|---|---|---|---|
| 12-Month Cashable | After first 30 days | 12 months | $500 |
Fixed1 |
||
| Step-Up® | Any time | 12, 18, 36 months | $500 |
Fixed3,4 |
||
| PRIMECONNECT® | On anniversary | 3 years | $500 |
Variable5 |
||
| Non-redeemable (Short & Long term) | 30 days to 5 years | $500 |
Fixed1,2 |
|||
| winwin® Market-linked | 3 or 5 years | $500 |
Variable6 |
|||
| US Dollar Non-redeemable | Up to 364 days | $500 |
Fixed |
Members can open most accounts via online banking or the mobile app or you can speak to an Investment Advisor about a GIC account.
Expert advice
A GIC (Guaranteed Investment Certificate) is an investment product that provides a guaranteed return while protecting your initial principal amount. They are generally offered at a fixed interest rate over a fixed period, otherwise known as a term. Other types of GICs offer a rate linked to performance of underlying securities or Prime rate.
GICs are very flexible as they offer options for an investor like a short- or long-term length, redeemable or non-redeemable, and registered or non-registered. They are considered a safe investment as you are guaranteed a minimum return, even if you choose to invest in a market-linked product. They are also secure as your principal amount is always guaranteed.
Every investor will have their own unique financial plan so it's important to consider how access to money, financial goals, and risk tolerance affect which GIC to choose. Here are a few things you should consider:
Access to money: If you think you might need access to your money during the term, then choosing a redeemable GIC is the right option for you. If you don’t expect to access your funds during the term, a non-redeemable GIC might be right for you and will tend to offer a higher rate in comparison.
Financial goals: If you anticipate that you’ll need access to your investment funds in the short term, a term length of 30-365 days might be the right option for you. Otherwise, a 1-5 year term might be right for you. A longer term will typically offer a higher rate.
Risk tolerance: If you're risk averse and would like peace of mind knowing exactly how much you will earn at the end of the term, consider a fixed rate. If your risk tolerance is a little bit higher and you want to benefit from the potential upswing of the market while still enjoying a guaranteed return, then a prime-linked or market-linked term might be a good alternative for you.
A redeemable GIC will give you the ability to withdraw your investment funds before the end of the term. It's important to note that some GICs only allow withdrawals on the anniversary date. A non-redeemable GIC is locked in, and you can only withdraw money at the end of your term.
Fixed rate: This rate type will provide a predetermined return on your investment. The rate will remain the same until the term maturity date. Ask about our fixed-rate products; 12-month Cashable, Step-Up®, Non-redeemable and US Dollar Non-redeemable.
Market-linked rate: This variable rate type provides a guaranteed minimum return and the potential to earn more based on the market performance of pre-selected securities in industries such as financial, healthcare or insurance services. To take advantage of this rate type, ask about the winwin® Market-Linked GIC.
Prime-linked rate: This variable rate type fluctuates along with our prime rate. If the prime rate goes up, so does the rate of return. To take advantage of a prime-linked product, ask about the PRIMECONNECT® GIC.
To open a GIC you must be a member. Once you become a member you can open a wide selection of GICs online, on our app or with an advisor.
Speak to an advisor or at the branch
Monday to Friday: 8am - 8pm
Saturday: 8:30am - 4pm
Sunday: 11am - 3pm
An advisor will get back to you
Advertised interest rates are subject to change at any time without notice.
Interest rate is expressed as an annual rate and is paid at maturity. GIC rates are subject to change at any time without notice.
Interest rate is expressed as an annual rate and is paid annually and at maturity. GIC rates are subject to change at any time without notice.
Note: Some GICs can be set up to pay interest during their term. You may arrange to have this interim interest paid to your deposit account. This option may impact your interest rate.
Interest rate is expressed as an annual rate per step rate and is paid at maturity. GIC rates are subject to change at any time without notice. For illustrative purposes only:
Step-Up®6Plus6
First 6 months
Second 6 months 1.25%
6.25%
Daily Closing Balance = $100,000
This account will calculate interest based on an annualized interest rate of 1.25% on the entire $100,000 closing balance for the first 6 months and 6.25% on the entire $100,000 closing balance for the next 6 months.
Interest rate is expressed as an annual rate per step rate and is paid at maturity. GIC rates are subject to change at any time without notice. For illustrative purposes only:
Step-Up®9Plus9
First 9 months
Second 9 months 1.25%
6.25%
Daily Closing Balance = $100,000
This account will calculate interest based on an annualized interest rate of 1.25% on the entire $100,000 closing balance for the first 9 months and 6.25% on the entire $100,000 closing balance for the next 9 months.
This GIC is different from traditional fixed-rate investments because it does not guarantee a return determined in advance. The rate of interest on the PRIMECONNECT® GIC is calculated based on a fixed spread or fixed discount from the Tru Cooperative Bank Prime Rate. Interest is paid annually and at maturity. This GIC is fully or partially redeemable only at each annual anniversary date and at no other time. GIC rates are subject to change at any time without notice.
(for illustrative purposes only):
Rate: Tru Cooperative Bank Prime + 1.00%. At the time the GIC was purchased, Tru Cooperative Bank's Prime Rate was 2.00%, resulting in a rate of 3.00% 30 days after the GIC was purchased, Tru Cooperative Bank's Prime Rate changes to 2.50%. As of the date of the change, the rate is now 3.50%.
Rates as of the start date communicated in the disclosed promotion period.
The minimum guaranteed annual interest rate is paid out annually and does not compound. This product has a ceiling that determines the maximum return that you may receive at maturity. Terms and conditions apply. The return of a winwin® GIC depends on the performance of the index return that it is linked to over a certain time period, the Minimum Guaranteed Return and the Maximum Potential Cumulative Return.
If the index return is between the Minimum Guaranteed Return and the Maximum Potential Cumulative Return, you will receive the principal plus the index return.
If the index return is below the Minimum Guaranteed Return, you will receive the principal plus the Minimum Guaranteed Return.
If the index return is above the Maximum Potential Cumulative Return, you will receive the principal plus the Maximum Potential Cumulative Return.
