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Guaranteed Investment Certificates (GICs)
A GIC is a secure way to grow your money since it offers 100% principal protection with the potential for a return on your investment. You can choose how long you want to invest your money and at the end of the term, you get your principal GIC investment back plus any potential interest earned. GICs are eligible to be insured by the Canada Deposit Insurance Corporation (CDIC).
Benefits of investing in a GIC
TD's Featured GIC Rates
|
GIC |
Term |
Rate |
|
|---|---|---|---|
|
100 days |
Earn up to 3.75% per annum |
||
|
14-month |
Earn up to 3.70% per annum |
||
|
5 years |
Earn up to 50%* over the entire term of the GIC |
||
|
1 year |
Earn up to % per annum |
* Equivalent to the total return over the term of the investment (i.e. not an annualized rate). Return linked to market index performance. Maximum return of % is over the entire 5-year term.
What to consider before investing in GICs
Not sure which GIC is suitable for you? Here are some factors to consider when choosing a GIC to invest in.
Types of GICs
Whether you're saving for a down payment, a major purchase, wedding costs, or a major reno, TD offers 5 kinds of GICs designed to help you achieve your unique investment goals in a stress-free way. Discover which TD GIC is right for you.
Capitalize on the growth potential of stock markets without risking your principal investment while receiving a guaranteed minimum interest return.
- Rate: Up to % on a 5 year term over the term of the investment*
- Terms: 3 or 5 years
- Minimum investment: $5001
- Cashability: Non-redeemable
- Type: Equity-linked
- Plan: Registered or non-registered
Great for: Investors looking for a higher return potential than traditional GICs.
Take advantage of these TD GICs which feature competitive interest rates and convenient automatic renewals.
- Rate: Up to 4.50% per annum on a 14 month term
- Terms: 100 days, 14 months and 18 months
- Minimum investment: $5001
- Cashability: Cashable or Non-cashable
- Type: Fixed-rate
- Plan: Registered or non-registered
Great for: Investors looking for convenience and competitive fixed-rates with short to medium term goals.
Get flexible access to your money when you need it, while earning a guaranteed return.
- Rate: % per annum on a 1 year term
- Terms: 100 days, 1 year and 3 years
- Minimum investment: $5001
- Cashability: Cashable at prescribed early cashing rates
- Type: Fixed-rate
- Plan: Registered or non-registered
Great for: Investors looking for the flexibility of cashing out early or a place to park your money and earn interest, while you explore other investment options.
Enjoy a guaranteed rate of interest return that is generally higher than a cashable GIC, by locking in your money for a set period of time.
- Rate: 4.50% per annum on a 1 year term
- Terms: 30 days to 5 years
- Minimum investment: $5001
- Cashability: Non-redeemable
- Type: Fixed-rate
- Plan: Registered or non-registered
Great for: Investors looking for a higher guaranteed interest rate and want to invest until maturity.
Earn interest on your U.S. Dollar funds at a guaranteed rate.
- Rate: % per annum on a 5 year term
- Terms: 1 day to 5 years
- Minimum investment: $1,000 USD2
- Cashability: Cashable or Non-cashable
- Type: Fixed-rate
- Plan: Non-registered only
Great for: Investors looking to earn interest on U.S. currency until it's ready to be converted.
Tools and Calculators
We can help you plan for the future
Frequently Asked Questions
If you hold your GICs in a registered account such as a TFSA or RRSP you could grow your money tax-free or tax-deferred, respectively. However, if you hold your GIC in a non-registered account, the interest rate that you earn each year will be taxed.
Cashable GICs give you the flexibility to access your money at pre-encashment rates. However, Non-cashable GICs can't be cashed out early since there is a set time period where your funds are locked in the investment.