GIC/TERM DEPOSITS

GIC/Term Deposits - offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks. Due to its low risk profile, the return is generally less than other investments such as stocks , bonds , or mutual funds . GIC’s can be Registered or Non Registered, and come in many forms, from conventional term deposits to market investments. GIC's regularly have life spans of 1, 2, 3, 4, or 5 year terms. At maturity they can be cashed as taxable income or renewed for another term. Usually, regular term deposits for financial institutions carry an interest rate from 1-5% pending on the various factors, such as the length of the term and specified interest rates from the Bank of Canada.

For more information please contact us at 604.687.7773 or email GICBC@customplanfinancial.com To get a current Top Rate summary