Are you more worried about protecting your investment than growing it? GICs can be a part of your investment strategy that do just that.
Guaranteed Investment Certificates, or GICs, give you a fixed rate of interest for a fixed term. They are guaranteed to give you back your initial investment and produce the promised returns at the end of term.
Deposits in guaranteed investments are not locked in so GICs provide the flexibility or liquidity that some clients require. The trade off, of course, is that interest rates these days are very low, so the return on GICs is very low too -- they're really built for capital protection rather than growth. That said, they can be useful to have part of your investments in for protection and stability.
As independent brokers, we shop the market to offer the best possible rates for our clients from a wide range of financial institutions, including banks, trust companies, investment funds, and pension firms. We also provide the peace of mind of being registered with the Registered Deposit Brokers Association.
Contact us today to find out how GICs can be part of your investment strategy!