GIC insurance

You have some cash you’re looking to put in a safe investment and you’ve decided a GIC is the way to go. Most financial institutions in Canada offer GICs, but is it better to get a … Read More

If you’re looking at buying a GIC, there are a number of issues you’ll want to think about first: Whether to get a cashable or redeemable GIC, how long a term you’re comfortable with, and of … Read More

If you’ve walked into the branch of a Canadian bank, you’ve probably noticed a red sticker on the window. That sticker tells the public that the financial institution is a member of the Canadian Deposit Insurance … Read More

The first word in a GIC is “guaranteed”. In other words, the financial institution that issues it promises to pay you back your principal, plus interest. It’s a legal liability for them, and it’s written into … Read More