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Guaranteed Investment Certificate (GIC)

Enjoy a low-risk investment with a competitive interest rate so whatever you’re saving for, you can reach your goals faster.

What is a GIC?

A Guaranteed Investment Certificate (GIC) is a low-risk investment that provides a guaranteed rate of return over a fixed period. One exception is the Index-Linked GIC; its rate of return is based on performance of the S&P TSX 60 Index.

GICs are a safe and reliable way to grow your wealth over time, and are a perfect choice if you’re saving for a specific goal that’s a year away or more. You can choose to hold your GICs in a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Tax-Free Savings Account (TFSA), Registered Education Savings Plan (RESP), and Registered Disability Savings Plan (RDSP).

Standard GIC

Enjoy a competitive interest rate at a guaranteed rate of return.

Features
  • Tiered rates start at $100K (meaning you will receive a higher interest rate the more you save)
  • Interest is paid annually and can be compounded (added to the GIC) or paid out to your account
  • Standard GICs are non-redeemable

U.S. Dollar GIC

Earn extra interest for your next U.S. getaway.

Features
  • Choose from convenient 30, 60, or 90-day; or 1-year terms with a minimum investment of $500 USD
  • Pays interest in U.S. dollars at the end of the term
  • U.S. GICs are non-redeemable

Index-Linked GIC

A safe way to participate in the stock market.

Features
  • Pays interest at the end of the term
  • Returns are based on the performance of the S&P/TSX 60 Index
  • Index-Linked GICs are non-redeemable
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Our deposit guarantee

Enjoy peace of mind with your savings and investments knowing that at SCU, all deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.*

Learn more about our deposit guarantee

Tips & tools

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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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Crunch the numbers

Use our investing calculators to help you plan how much you’re saving over time, your overall net worth, and how much you can earn with different types of investments.
Explore our investing calculators
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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

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