What are Guaranteed Investment Certificates (GICs)?
GICs, or Guaranteed Investment Certificates, are secure investments that promise a defined amount at the end of their term. When you buy a GIC investment for one of your accounts, you are loaning money to a financial institution for a certain length of time. Your GIC gives back 100% of your investment plus interest at the published GIC interest rate. You can buy GICs online through WebBroker for any investment account including RSP, TFSA, RIF and more.
Benefits of GICs
Things to consider
While the returns are guaranteed, if inflation occurs in the economy, the returns may not keep pace with inflation and the value of the GIC may be reduced.
Who might consider investing in GICs?
GICs may be considered for an investment portfolio that includes market-sensitive investments. GICs can offer a degree of diversification and help balance against volatility.
- GICs provide a guaranteed return that can help protect an investment portfolio by remaining stable and steady
- While investment diversification is based on an investor's risk level, GICs can help to balance an investment portfolio
Types of GICs
Discover more about GICs
You can hold a GIC in every account type:
Life Income Funds (LIF)
You can also hold a GIC in the following non-registered investment accounts:
Start investing in GICs with TD Direct Investing
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Select the TD Direct Investing account you want to open online or book an appointment.
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Transfer funds into your account with the online bill payment or funds transfer feature – or set up recurring deposits.
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