All Guaranteed Investment Certificates (GICs) are insured by Federal, Provincial or Corporate insurance coverage depending on the institution. Chartered Banks and Trust Companies are federally insured and Credit Unions are provincially or corporately insured. Deposit insurance is automatic and does not req...
Type of Provider BanksCredit UnionsTrust Companies Rates as of: November 20th, 1:15 PM RateIssuerTotal ReturnLiquidityInterestMinimumMaximum 4.2% Bank of Nova Scotia Agt$ 5,250Non-redeemableNot compounded Paid Annually$ 10,000Unlimited 4.1%Royal Trust Corporation$ 5,563Non-redeemableCompounded Annuall...
aguaranteed investment certificateis a financial product in Canada. Guaranteed investment certificates are sold by Canadian banks, credit unions, and trust companies, often to individuals for their retirement accounts. The Canadian GIC is more like a U.S. CD than a U.S. GIC. ...
Confusingly, certificates of deposit (CDs) are more like Canadian guaranteed investment certificates than U.S. guaranteed investment contracts, since CDs are available primarily at banks and credit unions in the U.S. Is There a Downside to the Canadian Guaranteed Investment Certificate? Canada's gu...
You can purchase it through banks, credit unions and other financial institutions, as well as a financial advisor. For more information on how GICs can help you reach your investing goals, meet with a TD advisor in person or over the phone. They can help you determine the GIC that’s rig...
Guaranteed investment contracts are similar to certificates of deposit issued by commercial banks, savings and loan associations, and credit unions, except that they are marketed by insurance companies, which are considered nonbank financial institutions. With GICs, corporations and individuals pay money ...
All Guaranteed Investment Certificates (GICs) are insured by Federal, Provincial or Corporate insurance coverage depending on the institution. Chartered Banks and Trust Companies are federally insured and Credit Unions are provincially or corporately insured. Deposit insurance is automatic and does not req...