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
Guaranteed
Available for purchase online
Flexible
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
Non-Cashable GICs – the traditional type
Cashable GIC – safety with flexibility
- TD 1 - Year Cashable GIC
- TD 1 - Year US Dollar Cashable GIC
- TD 3 - Year Premium Rate Cashable GIC
Market - Linked GIC – security with potential upside
In-depth information about GICs
Start investing in GICs with TD Direct Investing
- Open an account
- Explore the type and details of our TD Direct Investing accounts. Select the one that best fits your financial needs.
- Fund your account
- Transfer funds into your account with the online bill payment or funds transfer feature – or set up recurring deposits.
- Start investing toward your goals
- That's it! You're ready to invest for yourself.
Open an account online – it's fast and easy
Whether you're new to self-directed investing or an experienced trader, we welcome you.