Low-risk investment, with a guaranteed return.
GICs are a specific type of deposit given to a financial institution for a specific period of time, also called a term. In exchange for lending the financial institution money for a set period of time, you'll be guaranteed to get your deposit in full as well as interest earned, once you hit your maturity date at the end of the term.
As an investment vehicle, GICs have a number of benefits that can help investors of all types. GIC benefits include a low-risk investment, with a guaranteed return on the amount you invested, and a good option for short, medium and long term goals.
A guaranteed investment certificate (GIC) is an investment that works like a special kind of deposit. When you buy a GIC, you are agreeing to lend the bank or financial institution your money for a set number of months or years. You are guaranteed to get the amount you deposited back at the end of the term. For this reason, GICs are one of the safest ways to invest.
Remember, investing can be one of the best ways to supercharge your savings and plan for your future — but at the end of the day, it's also a game of managing risk. Depending on your risk tolerance, you may want to have more aggressive investments that garner a higher return, or you can help balance out your portfolio by having lower risk, tried and true investments that can produce a lower return. So what's the solution to offer security and stability? A great low-risk addition to your portfolio is GICs.
Our qualified consultants will take the time to review your current investment account and see if your investments holding have the right asset allocation and are managed according to your risk tolerance.