Market Growth GICs

Potential benefit from the growth of the stock market.


What are Market Growth GICs?

Unlike traditional GICs that provide a guaranteed return, TD Market Growth GICs offer both a minimum guaranteed return and a potential bonus return based on performance of one of more underlying stock market indices without risking your principal. The total return is subject to a maximum return that is set at the time of purchase. Whether you choose a GIC that is linked to indices that feature the U.S. Top 500 companies, Canadian banks, or utilities, you still earn a minimum return. TD Market Growth GICs are available for purchase online at WebBroker, a trading platform available through TD Direct Investing, in any investment account.

Benefits of Market Growth GICs

  • Guaranteed minimum return

    Although the returns on Market Growth GICs are tied to a stock market index or indices, you still receive a guaranteed minimum interest return.

  • Bonus potential

    You may receive bonus interest, depending on how well the linked stock market index or indices perform during the term of your GIC, up to a maximum interest return.

  • Available for purchase online

    TD Market Growth GICs can be purchased online on WebBroker, for any investment account.


Things to Consider

If you receive any bonus return it will be calculated as a percentage of the change in the related index or indices.

In a non-registered account, Market Growth GIC gains are not taxed as capital gains but as interest – which is taxed at an investor’s full tax rate.


Types of GICs

TD Direct Investing offers a wide range of GICs and Term Deposits, so you can easily choose the one that best meets your investing goals.

Cashable GICs

Market Growth GICs

Non-Cashable GICs

TD U.S. Dollar GICs & Term Deposits

Overview

At TD Direct Investing, you can explore the wide range of Cashable GICs that can help you reach your saving and investing goals.

Market Growth GICs capitalize on the growth potential of the world’s leading stock markets without risking your principal investment.

A Non-Cashable GIC cannot be cashed in before the maturity date. Your funds are locked-in for a specific term.

TD U.S. Dollar GICs and Term Deposits are secure investments.

Description

You’ll get the security of a guaranteed rate for the full term with the flexibility of an early cash-in option.

Like traditional GICs, they offer you 100% principal protection, while taking advantage of the higher return potential of the stock market and a guaranteed minimum interest return.

Generally, these investments yield a higher return than a Cashable GIC so they can be an option to consider if you can lock in your funds for a period of time.

These investments offer you the ability to earn interest at a guaranteed rate on your foreign funds.

Length of term

1 year
3 years

3 years
5 years

30 – 270 days
1 – 5 years

3 – 270 days
1 – 5 years

Availability to cash in

Cashable

Not cashable

Not cashable

Not cashable

Options for interest payment

Options vary by product:

  • Simple interest paid at maturity
  • Compound interest calculated annually and paid at maturity
  • Interest can be paid monthly, semi-annually or annually
  • Guaranteed Minimum Interest Return is compounded annually and paid at maturity. Bonus interest, if any, is paid at maturity.

Options vary by product:

  • Compound interest calculated annually and paid at maturity
  • Simple interest paid semi-annually and at maturity
  • Simple interest paid annually and at maturity
  • Simple interest paid monthly and at maturity

Options vary by product:

  • Simple interest paid at maturity
  • Compound interest calculated annually and paid at maturity
  • Interest can be paid monthly, semi-annually or annually

In-depth information on TD Market Growth GICs

The potential bonus return is based on the performance of the S&P 500. This index is comprised of 500 stocks chosen for market size, liquidity and industry grouping – designed to be a leading indicator of U.S. equities.


The potential bonus return is based on the performance of the S&P/TSX Banks Index. This index is comprised of the stocks of various Canadian financial institutions.


The potential bonus return is linked to two stock market indices - S&P/TSX Banks Index and the S&P/TSX Capped Utilities Index. These indices are comprised of the stocks of various Canadian financial institutions and Canadian utility companies. The potential bonus returns are based on the combined performance of these two indices, with a 50% weighting to each index.


The minimum investment amount is $500 if held in TD Direct Investing RSP, RESP, RDSP, RIF accounts, and $1,000 in Non-Registered and TFSA accounts.

Should a Market Growth GIC be used to fund a payment or withdrawal from a RIF or RESP account, the portion redeemed will reduce the principal investment and no interest is payable on the redeemed amount.

For more information about TD Market Growth GICs, or to review the terms and conditions governing these products, please refer to the TD Market Growth GICs Disclosure Statement.


Explore other investment types


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