Term Deposits

Synonymous With Secure

Term deposits are often referred to as Guaranteed Investment Certificates (GICs).

It's no coincidence that the first word of GICs is guaranteed. Every aspect of your term desposit is guaranteed. You invest a sum of money for a specified period of time and earn a guaranteed rate of interest. Even your principle is 100% guaranteed.

GICs are a great choice for those investors who have funds they won't need access to for the term of the investment and don't want to put their principle or interest at risk in hopes of earning a higher return.

Terms tailored to your investment goals
You can invest for as short as 30 days, right up to 5 years, making it easy to choose the term that fits your goal and time horizon. 

Redeemable or Fixed Term
Locking in your funds in to a non-redeemable term will secure the best rate. However, it comes at the cost of locking in your funds. If you think you may need access to funds, we have redeemable options as well. A redeemable term offers you the flexibility to take advantage of opportunities or cover expenses that may pop up. 

Low minimum investment
Invest as little as $500 into longer terms or $5,000 into short-term deposits. 

Your deposits are fully guaranteed

From $1 to $1M or more!

Boost your financial know-how

Check out our Financial Literacy Hub for helpful tips, articles and resources.

Ladder Your Way to Better Returns

Term deposits are short on excitement, but long on peace of mind. If you’re looking for a secure investment with a guaranteed rate of return they’re hard to beat.

The trouble? Interest rates are unpredictable and that makes investing in term deposits tricky.

The Bank of Canada and Interest Rates

The first thing to note is that many factors influence interest rates, including – as we’ve seen time and time again – events well beyond our borders. However, with that being said, it’s certainly true that the Bank of Canada does indeed influence interest rates through its inflation targets.

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