GICs

Guarantee Your Return

Whether you're saving for retirement, a house, or for a rainy day, guaranteed investment certificates (GICs) have a place in your portfolio, particularly if interest income and capital protection are your priorities. Although there's a common notion that GICs are only suitable for very conservative, older investors and yield very low returns, they can give you the safety you need for your portfolio. And with all the different options available, you can find one that's right for you.

Choose The GIC That Suits You

A GIC is a secure way to invest your money. When you buy one, you invest a sum of money for a specific period of time. At the end of the term, you're guaranteed to receive the principal invested, plus any interest income incurred. Because of the variety of GICs available, you can choose one that fits your risk profile and investment needs. The most common types of GICs include:

• Cashable
  Provides the flexibility to redeem early if you need to cover any unforeseen expenses or just want the money now
• Non-redeemable
  A good option if you don't plan to invest for the long-term and don't need to access the money for a certain period of time: This type of GIC also provides a higher rate of return

Benefits Of GICs

GICs offer the following advantages:

• Security and peace of mind – your principal investment is safe and fully guaranteed
• A wide range of terms and types available
• Reliable income – as frequently as every month
• A good option for a diversified and balanced portfolio

How We Can Help

Your CIBC Wood Gundy Investment Advisor can assist you in creating an individual investment plan and incorporating GICs most suitable for your needs. To find out how we can help you, use our Find An AdvisorOpens a new window in your browser. tool to contact a CIBC Wood Gundy Investment Advisor near you.