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Flexibility with a great return.

Earn 7.00% in the second 8 months* plus, redeem anytime after the first 30 days.


Flexible Flexible

Get great rates and guaranteed returns without locking up your funds.

Low Risk Low Risk

Build towards your savings goals and earn a little extra while keeping your principal secure.

Easy to Use Easy to Use
This simple, low-risk investment can help you grow your savings, whether you're a beginner investor or a seasoned pro.

GIC Details

Available terms and rates 16 month term
1.00%1 Month 1 to month 8
7.00%1 9 to 16 months
Access to funds Redeemable with interest after 30 days (no interest will be paid if redeemed within the first 30 days)
Minimum investment $500
Interest earned
Choose from:
  • Paid every 8 months
  • Compounds yearly
Availability Available in Non-registered and Registered Account such as an RRSP, RIF, RESP or TFSA

Other GICs

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

View other GICs

Make your savings work harder with this GIC.

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or call us at 1.888.517.7745

All about GICs (term deposits)

What's a GIC, and how does it work? We've put together a guide to understanding all things GIC - including why you need one.

How to choose the right GIC for your goals.

It may seem particularly challenging right now to save for the future, but we promise there’s a way. Even though inflation and rising interest rates have dimmed economic forecasts for the next couple years, there are still great savings and investing opportunities available.

Balancing risk and reward with market-linked GICs

When it comes to investing, there are many different strategies you can try. For example, if you invest in stocks, you have an opportunity of getting higher returns. However, it’s a riskier product. Alternatively, you could go for safer investments, such as guaranteed investment certificates (GICs)...

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.

1 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). The effective simple interest rate if held to maturity is 4.00% when averaging 1.00% for the first 8 months and 7.00% for the second 8 months of the term. No interest is payable if redeemed before 30 days. Rate holds are not eligible for the promotional offers.