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Standard GIC

Who said there are no guarantees in life? Choose a term length that works for you and earn a guaranteed rate of return.

About this account

Enjoy a competitive fixed interest rate with low risk and high reward

  • Tiered rates start at $100K.
  • Interest is paid annually and can be compounded (added to the GIC) or paid out to your account
  • GICs are non-redeemable

Standard GIC features you’re sure to enjoy

Save on your terms

Choose from convenient 1- to 5-year terms with a minimum investment of $500.

Deposit more, earn more

Maximize your savings with tiered rates paid on your entire balance.

Your savings are protected

At SCU, all deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.*

GIC rates

Account
Account Balance
Interest Rate
GIC (RRSP / RRIF / TFSA / FHSA)
12-month Less than $100K 5.10%
$100K - $249,999 5.15%
$250K** and over 5.20%
24-month Less than $100K 4.90%
$100K - $249,999 4.95%
$250K** and over 5.00%
33-month special 5.25%
36-month Less than $100K 4.60%
$100K - $249,999 4.65%
$250K** and over 4.70%
48-month Less than $100K 4.55%
$100K - $249,999 4.60%
$250K** and over 4.65%
54-month special 5.00%
60-month Less than $100K 4.45%
$100K - $249,999 4.50%
$250K** and over 4.55%
U.S. Dollar GIC 2.80%
60-day 2.85%
90-day 2.90%
12-month 4.00%
Rates last updated March 22, 2024. Rates subject to change without notice. **Limits may apply.

*Includes all savings and chequing accounts, RRSPs, RRIFs, TFSAs, and GICs.

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Tips & tools

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Smart tip: Plan for tax efficiency

Enjoy the tax advantages that come with putting your GIC in a Tax-Free Savings Account (TFSA).
Learn more about TFSAs
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Learn how to make the most of your GIC

Read our guide for information about what they are, how they work and how to make the most of your investment.
Read our GIC guide
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Receive investing advice

Our Insights & Advice page includes plenty of great articles to help you make the most of your investments.
Read our investing articles

Insights & Advice

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Comparing TFSA, RRSP, and FHSA

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20 things to know about RRSPs in 2024

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3 ways to get the most from your FHSA

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