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GIC Details

Available terms and rates 1-5 years
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.
Minimum investment $500
Interest earned

Choose from:

  • Paid annually Get an interest payment on each anniversary of opening the GIC.
  • Compound annually Have earned interest added to the initial investment annually so you earn interest on your interest. Then get a lump sum interest payment at the end of the term.
  • Paid monthly Get an interest payment each month.
Availability Available in non-registered and registered accounts including RRSP, RIF, RESP, FHSA or TFSA

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
2.80% One year
3.00% Two-year term
3.15% Three-year term
3.20% Four-year term
3.40% Five-year term

Compare similar GICs

Explore our options and find the GIC that fits your financial goals.

 
1 - 5 years GIC
16 Month Flex GIC
3-Year Rising GIC
Available terms
1-5 Years
16 Months
3 Years
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.
yes
 
 
Redeemable after 30 days without penalty on interest payable
 
yes
 
Redeemable in part of full on GIC anniversary date
 
 
yes
Minimum investment
$500
$500
$500
Interest earning options
 
 
 
Paid annually Get an interest payment on each anniversary of opening the GIC.
yes
 
yes
Compound annually Have earned interest added to the initial investment annually so you earn interest on your interest. Then get a lump sum interest payment at the end of the term.
yes
 
yes
Paid monthly Get an interest payment each month
yes
 
 
Paid every 8 months
 
yes
 
Compound at 8 months
 
yes
 
Availability
 
 
 
Available as a Non-registered account
yes
yes
yes
Available as a Registered Account such as an RRSP, RIF, RESP or TFSA
yes
yes
yes
Available as a Registered Account such as an FHSA
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.

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. Worldsource Financial Management Inc. provides advice and service relating to mutual funds. Mutual fund values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses may all be related with mutual fund investments. Important information about mutual funds is contained in the relevant fund facts and simplified prospectus. Please read the fund facts carefully before investing.

The information on this page provided for general information purposes only. It is not to be relied upon as financial, tax, or investment advice or guarantees about the future, nor should it be considered a recommendation to buy or sell. You should consult your professional advisor for specific financial, investment, and tax advice tailored to your needs to ensure that individual circumstances are considered properly and action is taken based on the latest available information.

CDIC protects eligible deposits (like in a GIC) to a maximum of $100,000 per category.

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