Guaranteed investment certificates (GIC)

Protect your principal, while growing your investment, so you can realize your long-term financial dreams. Save for a future expense such as a wedding, a down payment for a home or retirement, risk-free. Interest can be set to compound annually for terms over one year and choose to renew your investment automatically at maturity.

Put your money to work with an interest-earning investment you can redeem after a short period of time as you see fit. Calculated based on the CWB Prime rate, if the rate goes up, so does your investment. If rates decline, you can fully redeem your deposit and interest with no interest penalty anytime 30 days after investing. The monthly interest option for Gold Leaf PLUS^® clients provides a steady income stream.

Want to maximize your GIC returns without locking in all of your money into one term? GIC laddering gives you the best of all worlds: higher rates, less risk and the ability to access funds every year.

With a GIC laddering strategy your savings is divided into five separate GICs – all with different terms and interest rates. Each year one GIC will mature, allowing you to reinvest the money into another five-year term, or access the funds if needed.