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GIC Details

Available terms and rates 1 - 9 months
Access to funds
This is the flexibility to cash out, or deem, 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

Paid at maturity 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 at maturity.

Rate Term Length
2.20% One month to less than two months
2.20% Two months to less than three months
2.50% Three months to less than four months
2.50% Four months to less than six months (non redeemable)
2.50% Six months to less than nine months (non redeemable)
2.50% Nine months to less than 12 months (non redeemable)

Compare similar GICs

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

 
Short-term GIC
1-Year Better-Than-Cash GIC
1-Year Redeemable GIC
Available terms
1 to 9 months
1 Year
1 Year
Access to funds This is the flexibility to cash out (redeem) the GIC during the term.
 
 
 
Redeemable at any time

 

yes
yes
Minimal length for interest payable to be redeemable without penalty
At term
6 months
30 days
Minimum investment
$500
$500
$500
Interest earning options
 
 
 
Paid at maturity Get a lump sum interest payment at the end of the term.
yes
 
 
Paid annually Get an interest payment on each anniversary of opening the GIC.
 
yes
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
 
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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.

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.