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Guaranteed Investment Certificate (GIC)

A Guaranteed Investment Certificate (also known as a GIC or a Term Deposit) allows you to invest at a fixed interest rate without worrying about interest rate fluctuations.

Regular GIC

A Regular GIC is used to set aside funds for any purpose or to earn a higher rate of return on your savings.

Interest Rate

Non-RedeemableNon-RedeemableRedeemable
30-59 days0.45%12 months1.45%1.10%**
60-89 days0.50%24 months1.50%1.10%
90-119 days0.55%36 months1.60% 1.20%
120-179 days0.60%48 months1.70%1.30%
180-269 days0.65%60 months1.80%1.40%
270-364 days0.70%84 months1.90%1.50%
Some conditions apply. Contact your branch for details.
** Indicates a special offer for a limited time. Some conditions apply.

Minimum Balance
$1,000

Features

Interest is calculated daily and is paid at maturity for terms of one year or less or annually for terms exceeding one year. Rates subject to change without notice.

U.S. GIC

A U.S. GIC is used to earn interest on U.S. funds.

Interest Rate

30-59 days0.05%12 months0.30%
60-89 days0.05%24 months0.40%
90-119 days0.10%36 months0.50%
120-179 days0.10%48 months0.60%
180-269 days0.20%60 months0.70%
270-364 days0.20%84 months0.80%
All U.S. GICs are non-redeemable.

Minimum Balance
$1,000

Features

Interest is calculated daily and is paid at maturity for terms of one year or less or annually for terms exceeding one year. Rates subject to change without notice.

Mutual Funds

A mutual fund is a cost-effective way to invest in the market.

The Credential Asset Management Investment Specialists at Caisse Financial Group offer a wide range of mutual funds from the top fund companies.

How a mutual fund works

  • A mutual fund combines the assets of many investors and invests the pooled funds in securities such as government treasury bills, government and corporate bonds, mortgages or stocks.
  • The diversified portfolio of a mutual fund is designed to help soften the impact of market fluctuations.
  • When you invest in a mutual fund you are buying units of the fund and each unit represents a portion of the fund value.
  • Returns are earned in the form of interest, dividends or capital gains depending on the type of investments in the mutual fund.
  • Returns are not guaranteed and are based on the performance of the investments in the mutual fund.
  • A mutual fund can be held in a TFSA, RRSP, RRIF, RESP or a non-registered account.
  • Management fees are charged based on the portfolio amount and the type of mutual fund.
  • You can set up pre-authorized transfers from your chequing or savings account to your mutual fund to ensure you reach your savings objective.

 

Questions?
Contact a Credential Asset Management Investment Specialist. Consultations are free of charge.

 

Mutual funds are offered through Credential Asset Management Inc. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

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