Term Deposits


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 $1,000. 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 $1,000. Interest is calculated on the full value of the deposit for the period of time invested for and may be deposited directly into 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 rates, unless you tell us otherwise.

Deposit Options Expand/Collapse

With our long-term GICs, you have a choice of how often to make your deposits- either weekly, bi-weekly, or monthly and receive the benefit of a higher rate from the first day of deposit. Your automatic deposit amount is calculated based on the end of contract balance divided by the number of payments over the life of the contract.

For example, a $5,000 contract over five years with bi-weekly deposits would amount to a deposit of $38.46 every two weeks.

 

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 click Apply Now below.


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