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Guaranteed Investment Certificates

Work towards your financial goals and enjoy the peace of mind of knowing your investment is guaranteed for whatever term you choose.

What is a GIC?

A Guaranteed Investment Certificate (GIC) is a low-risk, secure investment where 100% of your funds are guaranteed, and your interest rate is also guaranteed for the term of the GIC. At maturity, you're guaranteed to get your principal sum plus the interest earned.

GIC terms can range from shorter terms like 30, 60 or 90 days, to a longer term like a year, or multiple years. Generally, the longer GIC term, the more interest you earn.

Tangerine’s Best GIC Rates

See our GIC Rates

[[GIC.RATE.270_DAY]]†

For a 9 Month Guaranteed Investment

Purchase GIC

[[GIC.RATE.1.5_YEAR]]†

For a 18 month RSP Guaranteed Investment

Purchase GIC

[[GIC.RATE.2_YEAR]]†

For a 2 Year TFSA Guaranteed Investment

Purchase GIC

Why choose a Tangerine GIC?

Guaranteed Return

When investing in a GIC you’re guaranteed to get your principal investment amount back.

Predictable Growth

Plus, traditional GICs offer a fixed interest rate so you know how much you’ll earn.

Types of GICs offered at Tangerine

We offer several types of Guaranteed Investment Certificates, including both registered GICs such as a TFSA, RSP, and RIF, and non-registered GIC options for Canadian and US dollars, each with fixed interest rates and varying terms.

Registered GICs

A Registered GIC is held within a tax-advantaged registered account like an RSP or TFSA.

TFSA GIC

Enjoy one of our best interest rates going and save tax-free, without any fee‡ or service charges.

Up to [[GIC_TFSA.RATE.MAX]]†

Interest rate

RSP GIC

Save for retirement with no fees‡ or service charges and guaranteed high interest.

Up to [[GIC_RSP.RATE.MAX]]†

Interest rate

RIF GIC

Enjoy all the guaranteed benefits of our GIC combined with the great features of our Retirement Income Fund.

Up to [[GIC_RIF.RATE.MAX]]†

Interest rate

Non-registered GICs

A non-registered GIC is held in an account in which the interest earned is taxed annually as income.

GIC

No fees or service charges, just great interest at a guaranteed rate.

Up to [[GIC.RATE.MAX]]†

Interest rate

USD GIC

Great guaranteed interest for your US dollars. No fees‡ or service charges.

Up to [[GIC_USD.RATE.MAX]]†

Interest rate

Sticky Notes

GIC FAQs

GIC terms of one year or longer have interest calculated on the basis of 365/366 days, compounded and/or paid annually. Except where otherwise specifically stated, where we offer GICs for terms of less than one year, interest is calculated on the basis of 365/366 and paid at maturity. Unless specified otherwise, the interest rate is an annual fixed interest rate and interest is accrued daily.

If you have a GIC and you would like to look up the details:

  • Log in if you aren't already and select your GIC Account.
  • Click 'Account Details' to view the Account and interest information.

A non-redeemable GIC is not cashable until it matures, which means that it can't be redeemed before its maturity date, except under circumstances where an early redemption is permitted, such as for financial hardship reasons.

There’s no minimum balance required to open a Tangerine GIC.

Tangerine GICs are not cashable before maturity, except where an application for early redemption due to financial hardship has been approved.

When your GIC matures, it’ll follow the maturity instruction that you set up, which could be one of the following:

  • Renew both the principal and interest into a new GIC with the same term, at the posted rate
  • Renew the principal into a new GIC with the same term, and pay out the interest
  • Reinvest the principal and interest into a new GIC with a different term at the posted rate
  • Reinvest the principal into a different term GIC, and pay out the interest
  • Or, pay out both the principal and interest

Remember – You can update your maturity options any time during its term.

 

Here’s how to do that:

Online:

1. Log in if you aren't already, select your GIC Account and click ‘Maturity Options’
2. Select your new maturity instructions and follow the prompts from there.

 

Mobile App:

1. Select your GIC Account
2. Tap the 3 dots at the top of the screen, select 'Maturity Options' and follow the prompts.

Are you already a client?

Log in if you already bank with us, or take just a few minutes to sign up and become a client.

Are you already a client?

Log in if you already bank with us, or take just a few minutes to sign up and become a client.

Are you already a client?

Log in if you already bank with us, or take just a few minutes to sign up and become a client.

‡ Registered Accounts have no fees while your funds are with us. If at some point you decide to transfer your funds to another financial institution, a fee will apply. View the complete list of Account fees.

† Savings Account, Chequing Account, and GIC interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are subject to change without notice. Interest is calculated daily and paid monthly on our Savings and Chequing Accounts. GIC terms of one year or longer have interest calculated on the basis of 365/366 days and compounded and/or paid annually. GIC terms of less than one year have interest calculated on the basis of 365/366 and paid at maturity.