Secure Investment

Welcome to . Information and resources for secure financial investments.

Bank guaranteed investment certificates guarantee 100% of your original investment

plus interest. The investment earns interest at a set or variable rate. A previously determined interest formula can also be used.  A bank GIC (guaranteed investment certificate) is a security offered by most banking institutions. There is also many private firms offering investment certificates. Not all investment certificates are protected by the government.
Bank GIC's have several categories.
Equity market GIC - potential growth with market performance. Principle protection.

Interest rate linked GIC - allows growth with any increase to bank prime rate.

Guaranteed return GIC - Your principal and interest rate are guaranteed at a fixed rate. Term deposit.

Understanding how a basic GIC works. The time you leave your money in the bank is called the "Term". When the GIC contract is full filled, it is called the "Maturity date". This is when you can with draw your initial deposit or re-invest it again. Most financial institutions require a minimal 500 dollar deposit to purchase a guaranteed investment certificate. 

There is no fees to buy GIC's.

Most GIC's will pay a fixed interest rate over 6 months, 1 - 2 years or up to 10 years. Other investment firms offer variable interest GIC's that are influenced by the stock market index. Generally the longer the term, the better the interest rate is. The interest paid on the GIC can vary from every 3 months, 6 months, 1 year or the GIC maturity date. Some plans allow with-drawl of interest made on the GIC, or re-investing on the original guaranteed investment certificate.

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