GIC interest rates quoted are per annum, with interest calculated and paid on each 12 month anniversary date, and at maturity. Interest rates are guaranteed for the duration of the specified term. GICs are not redeemable prior to maturity.
Get a fixed rate of return, guaranteed.
Guaranteed Investment Certificates (GICs) are fixed rate investments. That means you know exactly how much interest you will earn on your deposit, guaranteed.
Cambrian’s GIC rates are among the best in our local market. And, when it comes to investing in a GIC, getting a higher interest rate makes a difference.
For example the difference between getting a 5.00% rate versus a 4.50% rate on a $10,000 GIC equals approximately $250 over 5 years, with interest compounded annually.