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 Best
GIC Rates in Canada
A Guaranteed Investment Certificate (GIC) is an
investment that guarantees you 100% of the principal amount you
invest with certain restrictions involved. GICs are guaranteed
by the Canadian Deposit Insurance Corporation (CDIC) and some
deposits are guaranteed by Assuris. It is utterly important to
visit www.cdic.ca and www.assuris.ca to see what financial
institutions are covered by deposit insurances.
GIC Interest Rates are
Extremely Competitive in Canada
All investments made into GICs earn interest rates at either fixed or variable interest rates in most cases. As for the current situation, GIC rates in Canada are extremely competitive and however are quite low due to Canada’s current economic climate. Even the best rate on GICs will not be significantly higher than the standard GIC rates in Canada. Due to the current low interest rate environment, GICs investors are now looking for safe investment options and GIC alternatives. The Best GIC Interest rates in Canada also vary depending on the time period of the investment.
Example: You may obtain a rate of possibly
1% higher if you are willing to lock up your money for a period
of 5 years.
 GIC
Alternatives
Because of the low interest
rate environment and due to the availability of numerous other
investments, investing into GICs is not as popular as 20 years
ago. Investors now have the ability to invest into other secure
investments which provide capital guarantees in most cases with
either fixed or sometimes variable returns. Investors have flocked
to products such as guaranteed minimum withdrawal benefit plans,
guaranteed lifetime withdrawal benefit plans, annuities and other
types of secure investments. Canadian GIC rates are extremely low
and investors who need investment alternatives can consider in
some cases investing into products available at Guaranteedinvestments.com.
GICs are also available through Guaranteedinvestments.com and advisors are always happy to provide you with answers to any
questions you may have.
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