Blog

Guaranteed fixed-rate investments (GICs)

Guaranteed fixed-rate investments (GICs)

Fixed-rate term savings—also known as fixed-rate GICs (guaranteed investment certificates)—are the only savings products that guarantee your capital and your interest returns.

No matter how the markets perform, you can know from day one exactly what your final returns will be.

Term savings are the first step to a diversified investment portfolio:

  • Original investment and interest 100% guaranteed;
  • Deposits insured in accordance with the terms and conditions established by the Deposit Insurance Corporation of Ontario (DICO).
  • Eligible for TFSAs, RRSPs and other registered savings plans;
  • Variety of interest payment options;
  • Short, medium or long-term investments;
  • Entitles you to any member dividends your caisse may pay.

Guaranteed Savings Products

My S@vings Plan*

  • For members ages 12 to 30
  • Save to achieve your goals
  • Flexible term savings, specifically designed for our members ages 12 to 30
  • How does it work? Set a savings goal amount, schedule regular transfers, and get support from others to reach your savings goal faster

Term S@vings*

  • Only available on AccèsD Internet and mobile
  • Terms: 1 to 5 years
  • Interest rate: fixed or climbing rate
  • Eligible for registered (RRSP, TFSA) or non-registered plans
  • Minimum deposit:
    • $500 for registered plans
    • $1,000 for non-registered plans
  • Renew on your own on AccèsD
  • Not redeemable before maturity

Term Savings*

  • Grow your money worry-free!
  • Terms:
    • 30 day to 5-year terms
  • Fixed interest rate, determined based on the term selected;
  • Eligible for registered plans: TFSA, RRSP, LIRA, locked-in RRSP, RRIF, LIF and non-registered plans
  • Minimum deposit:
    • $500 for registered plans
    • $1,000 for non-registered plans
    • $5,000 for terms of less than 1 year
  • Renew on your own on AccèsD or with a Caisse advisor

Regular Deposit Term Savings*

  • The best way to save and stay on budget
  • 1 to 5-year terms
  • Minimum deposit:
    • $1,200 for 1 year
    • $3,000 for other terms
  • Deposit amount and frequency: you choose your amount, you can change it at any time—weekly, every 2 weeks, twice a month or monthly
  • Redeemable in full or in part: in full with no penalty on the third and fourth deposit anniversary dates under certain conditions
  • Renew on your own on AccèsD or with a Caisse advisor

Redeemable Term Savings

  • Access your funds at any time!
  • Capital 100% guaranteed
  • 1 year term
  • Minimum deposit: $1,000
  • Redemption terms: cashable at any time without charge. No interest paid if redeemed within 30 days after the purchase date

Climbing-Rate Term Savings*

  • Multiple interest rates = higher returns!
  • 3 and 5-year terms
  • Interest rate increases from year to year
  • Eligible for registered plans: TFSA, RRSP, LIRA, locked-in RRSP, RRIF, LIF, RDSP and non-registered plans
  • Minimum deposit of $1,000

Diversified Term Savings

  • A simple way to ladder your maturities
  • Capital 100% guaranteed, divided into equal portions
    • 3 portions : terms of 1 to 3 years
    • 4 portions : terms of 1 to 4 years
    • 5 portions : terms of 1 to 5 years
  • 1 portion or your investment matures each year
  • Each portion earns interest at a different rate
  • Interest is paid at your choice of frequency

U.S. Dollar Term Savings**

  • Grow your savings without converting your U.S. dollars!
  • You want to make a U.S. dollar investment
  • 1 to 5-year terms
  • Non-registered plans only
  • Minimum deposit of $5,000

Disbursement Products

Regular Income Term Savings

  • Turn your savings into income!
  • Predictable income that’s guaranteed for a defined period
  • Capital 100% guaranteed
  • 1 to 5 year terms
  • Withdraw 1 lump sum per year with no penalty, under certain conditions

 

*Deposits insured under the Deposit Insurance Corporation of Ontario up to the maximum permitted.

** Deposits in American currency are not insured under the Deposit Insurance Corporation of Ontario.

share this post