Guaranteed Investment Certificates (GIC)
HomeEquity Bank offers Guaranteed Investment Certificates to investors across Canada through a network of independent deposit brokers. Contact your investment advisor to purchase a HomeEquity Bank GIC. HomeEquity Bank's GICs are eligible for deposit insurance protection from CDIC for up to $100,000.
- Terms range from 1 to 5 years.
- The GICs are not redeemable prior to maturity except in the case of death of a registered owner.
- Interest rate is fixed for the length of the term chosen.
- Unless otherwise stated, all rates quoted are per annum.
- Interest is calculated daily and is paid either monthly, quarterly, semi-annually or annually by direct deposit or alternatively, interest can be compounded annually and paid at maturity.