Term Deposits (GICs)


If you want a guaranteed return on your investment, then a Guaranteed Investment Certificate, or GIC, is what you want. With short-term and long-term options, as well as your choice of how often you make a deposit, GICs are a sure way to grow your money- guaranteed.

Benefits include:

  • a higher rate of interest than a savings account
  • choice of how fast your money grows- you decide the investment amount and length of the term
  • GICs are easy, secure, and profitable
  • Deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

Short-term GICs Expand/Collapse

Short-term GICs are offered from 30 days up to 364 days, with a minimum deposit of $500. Interest is calculated on the full value of the deposit for the period of time invested for and my be deposited directly into your account.

Long-term GICs Expand/Collapse

Long-term GICs are offered from 12 months up to 60 months, with a minimum deposit of $500. Interest is calculated on the full value of the deposit for the period of time invested.  You may choose to have interest compound annually with your investment or have it directly deposited to your account. Interest is paid on the annual anniversary date. Upon maturity, the investment will automatically renew for the same term at the then current interest rate, unless you tell us otherwise.

Redeemable GICs Rates
12 months 1.00%
Non-Redeemable GICs Rates
30 - 59 days 0.50%
60 - 89 days 0.50%
90 - 179 days 0.65%
180 - 364 days 0.75%
12 - 23 months 2.40%
24 - 35 months 2.60%
36 - 47 months 2.80%
48 - 59 months 3.00%
60 months 3.15%
 

Redeemable GICs Rates
12 months 1.00%
Non-Redeemable GICs Rates
30 - 59 days 0.50%
60 - 89 days 0.50%
90 - 179 days 0.65%
180 - 364 days 0.75%
12 - 23 months 2.40%
24 - 35 months 2.60%
36 - 47 months 2.80%
48 - 59 months 3.00%
60 months 3.15%

Apply for a Term Deposit

It can be difficult finding the time to meet- thankfully you can now apply online. Once we have your information, we can start the process and then meet with you after that. It's easy to get started- just email contactus@stridecu.ca.


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