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Guaranteed Investment Certificates (GICs)

  • Minimum $1,000 deposit.
  • Terms vary from 1 to 5 years.
  • Interest is paid annually and deposited directly into your Daily Interest Chequing account.
  • Certificates cannot be cashed prior to date of maturity
  • No Rebate GICs: Offer higher interest rates and are also available for 1 to 5 year terms but are not eligible for bonus interest under PARAMA's profit sharing program.
  • Cashable GICs: Available for a 1 year term at a slightly lower interest rate than the conventional 1 year GIC. These are cashable anytime from 60 days after the initial deposit and require a minimum deposit of $10,000.
  • US Dollar GICs: Available for a 1 year term with a minimum of a $1,000 deposit. Principal plus interest earned are deposited directly into your US Dollar Savings Account on the day of maturity. Not cashable prior to maturity date.
  • Index-Linked GICs: Available for 3 and 5 year terms. Combines participation in the potential gains in the stock market with the principal protection of a GIC.
  • Deposits are protected through the Financial Services Regulatory Authority of Ontario. Learn about Deposit Insurance.

Our GIC Rates