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GIC Details

Available terms and rates 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.
  • Partial or full redemptions allowed on the annual anniversary date of the GIC.
Minimum investment $500
Interest

Choose from:

  • Paid yearly Get an interest payment on each anniversary of opening the GIC.
  • Compounds yearly 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.
Availability Available in non-registered and registered accounts including RRSP, RIF, RESP 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 annually or at maturity.

Rate Term Length
2.70% Year 1
3.10% Year 2
3.30% Year 3

Compare similar GICs

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

 
3-Year Rising GIC
1 - 5 years GIC
16 Month Flex GIC
Available terms
3 Years
1-5 Years
16 Months
Access to funds This is the flexibility to cash out (redeem) the GIC during the term.
 
 
 
Redeemable in part of full on GIC anniversary date
yes
 
 
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
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.