Lighthouse CU becomes Ontario's newest credit union following FSRA approval →

Guaranteed Investment Certificates (GICs)

Enjoy earning a great guaranteed interest rate on money you’d like to set aside. Lock in your savings for one of our set terms and start earning today.

What is a GIC?

A Guaranteed Investment Certificate (GIC) is a secure low-risk investment. When you buy a GIC, you choose how long you want to invest your money for. At the end of the selected term, you are guaranteed 100% of your original principal amount, while earning a fixed rate.

Benefits of GICs?

Low risk

Guaranteed principal & interest
A range of terms & interest rates available to customize your goals

Deposits are insured up to $250,000

Low minimum investments

Invest with Lighthouse GICs

A Guaranteed Investment Certificate (GIC) is a secure low-risk investment. When you buy a GIC, you choose how long you want to invest your money for. At the end of the selected term, you are guaranteed 100% of your original principal amount, while earning a fixed rate.

Rate change effective May 30, 2024
TermsRates
1 Year5.45%
2 Year5.40%
3 Year5.00%
5 Year4.80%

Features of our GICs

Fixed rate GICs

A Fixed rate GIC means you will get the same interest rate on your principal throughout the whole term of your GIC.

Suitable Option If: 
You want a predictable return on your principal.

Index-Linked Term Deposits

Index-Linked Term Deposits (ILTD) allow customers to take advantage of potential gains in the stock market.

Suitable Option If:
You’re looking for guaranteed capital at maturity, as well as interested in global exposure in your portfolio. The potential return for ILTD is higher than traditional GICs and offers the possibility of obtaining a return higher than the current inflation.

Frequently Asked Questions

Our GIC’s are non-redeemable prior to the maturity of the term. A non-redeemable GIC provides higher interest rates precisely because it is a locked-in investment. Once you choose your term (1,2,3 or 5 years), your money is locked for the full duration of the term.

On GIC’s with terms longer than one year, interest is calculated daily on the principal amount and can be paid annually or compounded annually and paid at maturity.

At Lighthouse you can start with just $3,000.

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