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GIC details

Available terms and rates One year
Access to funds
This is the flexibility to cash out (redeem) the GIC during the term.		 Non-Redeemable With non-redeemable GICs, there’s penalty if you take your investment out before the GIC matures. If you may need access to the funds, consider a redeemable option.
  • Redeemable after six months without penalty on interest payable.
Minimum investment $500
Interest

Paid annually Get an interest payment on each anniversary of opening the GIC.

Interest rates and terms

Rate is subject to change at any time, without notice. Interest rates are calculated per annum, accrued daily, and paid at maturity.

Rate Term length
2.60% One year

Compare similar business GICs

Explore our other GICs and find one that works for your business’ needs.

 
Short-term GIC
1-Year Better than Cash® GIC
1-Year Redeemable GIC
Available terms
One to nine months
One year
One year
Access to funds This is the flexibility to cash out (redeem) the GIC during the term.
 
 
 
Redeemable at any time
N/A
yes
yes
Minimal length for interest payable to be redeemable without penalty
At term
Six months
30 days
Minimum investment
$500
$500
$500
Interest earning options
 
 
 
Paid at maturityN/A Get a lump sum interest payment at the end of the term.
yes
N/A
N/A
Paid annually Get an interest payment on each anniversary of opening the GIC.
N/A
yes
yes
 
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CDIC Deposit ProtectionCDIC Deposit Protection

Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). More CDIC information

Only deposits payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.