Guaranteed Investment Certificates (GICs)
Grow your savings with guaranteed returns.
Available through Peoples Trust or Peoples Bank
What is a GIC?
A GIC is a low-risk investment that provides a guaranteed return over a fixed period. When you buy a GIC, your money is locked in for a set term, and you earn interest at a predetermined rate, making it a secure way to grow your savings.
Explore our GIC options
We offer GICs through 2 different entities: Peoples Trust and Peoples Bank. We offer non-registered GICs through both Peoples Trust and Peoples Bank and registered RRSP and TFSA GICs through Peoples Trust. If you are looking to maximize your CDIC coverage, you can open accounts at both Peoples Trust and Peoples Bank.
Non-registered GICs
Lock in a great rate with terms from 30 days to 5 years.
RRSP GICs
Guaranteed returns for your retirement.
TFSA GICs
Grow your savings faster with tax-free growth.
Non-registered GICs
Lock in a great rate with terms from 30 days to 5 years.
Why choose our GICs
Great rates
Our high interest rates will help your money grow faster.
CDIC
Deposits are eligible for CDIC insurance.2
Fee-free
No set-up, service or transfer fees.
Do you have any questions?
Get the answers to our most frequently asked questions.
1 These rates are provided for information purposes only and are subject to change without notice. However, once you’ve purchased your GIC, your rate is guaranteed. Certificates are non-redeemable prior to maturity.
Interest is calculated daily and accrues for the entire GIC term. For GICs that have a term of:
- 1 year or less: interest is paid at maturity.
- 15 months: interest compounds annually and is paid at maturity.
- 2 years or more: you can choose to have interest paid on the anniversary date or compound annually and be paid at maturity.
2 Peoples Trust is a trade name of Peoples Trust Company and Peoples Bank is a trade name of Peoples Bank of Canada. Peoples Trust Company and Peoples Bank of Canada are each members of the Canada Deposit Insurance Corporation (CDIC). Eligible deposits held in each entity are protected separately for up to $100,000, per insured category, per depositor. Learn more about CDIC coverage.