Guaranteed Investment Certificates (GIC)
What is a GIC?
A safe and secure way to grow your savings. By putting your funds away for a set amount of time, you're guaranteed to get your investment back plus earned interest once the term is over.
Why could a Coast Capital GIC be right for you?
- You're looking for a short to medium-term growth (30 days to 7 years)
- You want a low-risk investment where you're guaranteed to get your initial investment back
- You want to start with at least $500
- You're looking to build your portfolio, either in a registered plan like TFSA, FHSA or RRSP, or a non-registered account
Featured GICs
on a one-year term2 with our 1 Year Better Than Cash® GIC
- Redeemable after 6 months without penalty on interest payable
- Available as Non-registered accounts
- Check out our Help and Support Page for more information
Terms and conditions
† Offers subject to change or termination at any time, without notice. Interest rates are calculated per annum and accrued daily. Minimum investment of $500. Eligible for non-registered, TFSA, RRSP and RRIF. Interest paid at maturity. No interest will be paid if you redeem this GIC within the first 6 months. Minimum redemption amount of $500 while maintaining the minimum investment amount. Rate holds are not eligible for the promotional offers.
CloseOur GIC products
Rates effective May 26, 2025. Rates are subject to change without notice.
Short-term GICs
These GICs last from 30 days to 12 months, and are ideal for saving towards goals less than a year away.
Most are Redeemable GICs which allow you to withdraw your investment at any time, without penalty. For higher rates, consider a Long-term GIC.
Featured rates
| 2.20%† | One-month term |
|---|---|
| 2.50%† | Four-month term |
| 2.50%† | Nine-month term |
Terms and Conditions
† Rate subject to change or termination at any time, without notice. Interest rates are calculated per annum, accrued daily, and paid at maturity. Minimum investment of $500.
CloseEnjoy the flexibility to redeem this GIC anytime. Redeem after at least six months to keep accrued interest.
† Read terms and conditions.
Terms and Conditions
†Interest rates are calculated per annum and accrued daily. Minimum investment of $500. Interest paid at maturity. No interest will be paid if you redeem this GIC within the first 6 months. Minimum redemption amount of $500 while maintaining the minimum investment amount.
CloseEnjoy the flexibility to redeem this GIC after 30 days without penalty.
† Read terms and conditions.
Terms and Conditions
† Offer subject to change without notice at any time. Interest rates are guaranteed and are calculated on a per annum basis. Minimum investment of $500. Partial or full redemption allowed, no minimum redemption amount required while maintaining minimum investment of $500.
CloseLong-term GICs
These GICs last longer than 12 months and most are non-redeemable.
That means your investment is locked-in for longer but with a higher return.
Interest earned will be added to the principal investment amount each year, and as a result, your business will earn more interest.
† Read terms and conditions.
Terms and Conditions
† Rate subject to change or termination at any time, without notice. Interest rates are calculated per annum, accrued daily, and paid at maturity. Minimum investment of $500.
CloseFlexibility with a great return.
Featured rates
| 1.00%† | Months 1-8 |
|---|---|
| 4.50%† | Month 9-16 |
| 2.75%† | The effective simple interest rate if held to maturity |
Terms and Conditions.
† The effective simple interest rate if held to maturity is 2.75% when averaging 1.00% for the first 8 months and 4.50% for the second 8 months of the term. Offers subject to change or termination at any time, without notice. Interest rates are calculated per annum and accrued daily. Minimum investment of $500 ($250 for junior accounts). Choose interest to be paid every 8 months (compounding) or every 8 months (non-compounding). Partial or full redemptions allowed, subject to the minimum redemption amount of $500 ($250 for junior accounts) while maintaining minimum investment amount of $500 ($250 for junior accounts). No interest is payable if redeemed before 30 days. Rate holds are not eligible for the promotional offers.
CloseBenefit from compound interest and the choice to redeem your business’ money on each anniversary, without penalty.
† Read terms and conditions.
Terms and conditions
† Interest rates are calculated per annum and accrued daily. Minimum investment of $500. Choose interest to be paid annually (compounding) or annually (non-compounding). Partial or full redemptions allowed on the annual anniversary date of the GIC. Minimum redemption amount of $500 while maintaining the minimum investment amount. Redemption outside the designated anniversary date is strictly prohibited.
CloseTap into the stock market with this GIC where the return is based on the performance of an underlying market index.†
- Potential to earn higher returns linked to stock market performance
- Principal investment protected
- Interest is compounded annually and paid at maturity
- Only $500 to get started
Terms and Conditions.
† The variable return can only be known at maturity. These investments cannot be transferred or redeemed and will not pay any interest or principal before maturity. Product specific terms and conditions apply.
Close
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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.
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Coast Capital Savings Federal Credit Union provides advice and service related to deposit, loan and mortgage products. Coast Capital Wealth Management Ltd. provides investment and financial planning services. Coast Capital Financial Management Ltd. provides advice and service related to segregated funds, annuities and life insurance products.
CDIC protects eligible deposits (like in a GIC) to a maximum of $100,000 per depositor and per eligible deposit category.