Securities or deposit instruments issued by financial institutions that require a minimum investment and that pay a specified rate of interest for a specified term.
Investments offered by banks, trust companies and other financial institutions, which pay a predetermined rate of interest for a specified term and are usually not redeemable prior to the maturity date.
A deposit instrument requiring a minimum investment at a pre-determined rate of interest for a stated term; most commonly available from banks and trust companies.
An interest-bearing deposit with a term usually from one to five years. Interest on a GIC may be paid periodically (monthly, quarterly, semi-annually, annually), or may compound and become payable on maturity, but it is taxable every year regardless of whether it is actually received.
An investment that offers a guaranteed rate of return over a fixed period of time, usually between 30 days and 5 years.
A deposit instrument most commonly available from trust companies or banks requiring a minimum investment at a predetermined rate of interest for a stated term, such as one or five years. GICs are generally non-redeemable and non-transferable before maturity.
A guaranteed investment certificate is a security issued by most financial institutions attesting that an amount has been invested at a fixed rate of interest for a given period.
A debt security issued by a bank or trust company for a fixed sum of money, maturing after a fixed length of time and paying a fixed rate of interest, usually higher than that paid on a premium savings account. GICs are redeemable only at maturity.
A GIC gives you a guaranteed rate of return over a specified period of time, usually between 30 days and 5 years. GICs are available from banks and financial institutions.
an investment in which you deposit money with a financial institution for a fixed period of time and receive a specified rate of interest
An investment in which you deposit money, over a fixed period of time, and are paid a set rate of interest.
A deposit instrument most commonly available from trust companies, requiring a minimum investment at a predetermined rate of interest for a stated term. Generally non-redeemable prior to maturity, but there can be exceptions.
A Guaranteed Investment Certificate, also French: Certificat de Placement Garanti, is a Canadian investment that 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.