Guaranteed Investment Certificates (GICs)

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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

  • Guaranteed

    GICs provide a guaranteed rate of return

  • Available for purchase online

    You can purchase GICs online for any investment account type

  • Flexible

    GICs offer multiple interest payment arrangements, some with compounding options

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

    Term GICs may be suitable for online investors who can lock funds in for a specific period of time, whether short-term or long-term.

    Learn more

  • Cashable GICs – safety with flexibility

    The freedom to withdraw your money whenever you need it:

    • TD 1 - Year Cashable GIC
    • TD 1 - Year US Dollar Cashable GIC
    • TD 3 - Year Premium Rate Cashable GIC
    Learn more

  • Market Growth GICs – security with potential upside

    With a Market Growth GIC, your return can go up when the related stock market index does. If the market goes down, you still keep your original investment.

    Learn more

Discover more about GICs

You can hold a GIC in every account type:

You can also hold a GIC in the following non-registered investment accounts:

Once you are a TD Direct Investing client and open an account, you can find GIC rates in WebBroker.

Start investing in GICs with TD Direct Investing

  • 1

    Open an account

    Select the TD Direct Investing account you want to open online or book an appointment.

  • 2

    Fund your account

    Transfer funds into your account with the online bill payment or funds transfer feature – or set up recurring deposits.

  • 3

    Start investing toward your goals

    Build your portfolio using ETFs, stocks, options, mutual funds, GICs, and more.

Open an account online – it's fast and easy

Whether you're new to self-directed investing or an experienced trader, we welcome you.

  • Apply online

    It's easy to open a cash, margin, RSP, or TFSA account.

    Apply now

  • Call us

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    1-800-465-5463 1-800-465-5463

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