When you invest in a guaranteed investment certificate (GIC), you know exactly how much you’ll have when your investment matures. It doesn’t matter if the market moves up or down. You get your original investment plus a high interest rate – guaranteed.
GIC options
Our GICs offer great rates on all your money
Note that rates may be different depending on your account type, and whether you decide to receive monthly, semi-annual, or annual interest payments.
Long-term GICs held in an RRSP, RRIF, or non-registered account:
- Long-term GICs in these accounts are non-redeemable.
- We don’t charge any fees on these GICs.
Long-term GICs held in a TFSA:
- Early redemption fees apply. Early redemption of Tax-Free GICs prior to maturity is subject to market value adjustment and expense recovery fees. GICs must be redeemed in full; partial redemptions are not permitted.
Short-term GICs may be redeemed prior to maturity but interest is forfeited if redeemed within 29 days from issuance. If redeemed on or after 30 days but before maturity, a 1.25% reduction in interest rate will apply. Interest is prorated to the number of days. A $25.00 early redemption fee will also be charged. Refer to the GIC Confirmation for details. Interest is calculated daily on the total daily balance and paid monthly. Rates are subject to change without notice.
Evolvespire Bank GICs are not affected by the ups and downs of equity or fixed-income markets. At the end of your GIC’s term, you will receive your original investment plus interest at the rate set when you invested your money. That certainty helps you plan for the future.
If you already have a Evolvespire Bank account, call us at and we can take your request over the phone. If you’re new to Evolvespire Bank, reach out to your advisor (or find a local advisor if you don’t already have one!)
Yes! You can hold long-term GICs in your TFSA, RRSP, RRIF, and non-registered accounts, and you can hold short-term GICs in an RRSP, RRIF or non-registered account.
1 Rates are subject to change without notice.
Evolvespire Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.
