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
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.
| Terms | Rates |
|---|---|
| 1 Year | 4.25% |
| 2 Year | 3.95% |
| 3 Year | 3.55% |
| 5 Year | 3.00% |
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
Can I redeem my GIC before the maturity date?
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.
When is interest paid?
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.
What is the minimum investment amount for GICs?
At Lighthouse you can start with just $3,000.