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Guaranteed Investment Certificates

When you can afford to invest some capital for a period of time and still have enough cash left to tide you over, then guaranteed investment certificates (GICs) are a very attractive option.

+ Excellent returns

Perhaps your assets comprise a sufficient amount of liquidities and cashable investments to face unexpected expenses? Why not consider a non-redeemable investment like a GIC? It boasts superior interest rates at terms that vary from 90 days to 10 years.

+ Predictable returns on investment

Generating stable revenue is a financial objective for many investors, ergo the great popularity of GICs. In fact, they can generate predictable revenues if you choose to receive interest payments at predetermined periods.

+ Fully guaranteed capital and rates

Perhaps you are considering investments protected against rate fluctuations? GICs offer guaranteed return over a fixed period. This product was designed to make your money work for you, risk-free, because your initial investment is 100% guaranteed.

+ Characteristics

Minimum investment

$500

Terms available 90 days to 5 years
Eligibility to a registered plan Yes
Access to capital Not cashable
Interest payment

Terms less than 1 year: interest paid at maturity
Terms of 2 to 5 years: option to receive interest on a monthly or annual basis (except for investments in a retirement vehicle).

- Special rates

Terms 1 year 2 years 3 years 4 years 5 years
Special rates* 2.10% 2.15% 2.15% 2.20% 2.25%
Eligibility to a registered plan RSP, TFSA, RRIF
Access to capital No possibility of repurchase before maturity.
Interest payment

Simple interest at maturity.

  • Clients have a choice of simple or compound interest on terms of two years or more.
  • Simple interest is calculated and paid annually.
  • Compound interest is calculated and capitalized annually, and paid at maturity.

Check out all our rates.


Summary

This investment product is suited for you if:

  • You seek an investment vehicle that protects the initial amount of your investment;
  • You prefer to be aware of your return from the outset;
  • You do not expect to need your invested capital for the duration of the term;
  • You seek stable revenue.

This investment product is not suited for you if:

  • You anticipate the need to access your capital on short notice.

 

Legal Notice and Special Offer Terms

LBC: Laurentian Bank of Canada LBCFS: LBC Financial Services Inc.

* Some conditions apply. GICs are not cashable. Simple interest is paid on terms of less than two years. Clients have a choice of simple or compound interest on terms of two years or more. Simple interest is calculated and paid annually. Compound interest is calculated and capitalized annually, and paid at maturity. Individuals residing outside of Quebec who do not currently hold a Laurentian Bank investment product are not eligible for this offer. This product is eligible for registered and non-registered plans. This product is eligible for deposit insurance from the Canadian Deposit Insurance Corporation (CDIC) up to the maximum limit for coverage from the CDIC and subject to applicable conditions. This offer cannot be combined with any other offer. Additional information can be obtained by calling 1-844-494-0076, or by contacting your advisor.

Investment accounts are offered by LBC or LBCFS. LBCFS is a wholly owned subsidiary of LBC and a separate legal entity from LBC, B2B Trustco and any other deposit product issuers or mutual fund companies whose products it distributes. Every LBC advisor is also a licensed LBCFS mutual fund representative. LBCFS’s liability is limited to the conduct of its representatives in the performance of their duties for LBCFS.

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