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Standard GIC

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

About this account

  • 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

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.*

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

GIC rates

Account Balance
Interest Rate
17-month Special Rate 5.00%
34-month Special Rate 4.75%
12-month Less than $100K 4.70%
$100K - $249,999 4.75%
$250K** and over 4.80%
24-month Less than $100K 4.65%
$100K - $249,999 4.70%
$250K** and over 4.75%
36-month Less than $100K 4.50%
$100K - $249,999 4.55%
$250K** and over 4.60%
48-month Less than $100K 4.50%
$100K - $249,999 4.55%
$250K** and over 4.60%
60-month Less than $100K 4.50%
$100K - $249,999 4.55%
$250K** and over 4.60%
Index-Linked GIC Variable Return
U.S. Dollar GIC
30-day 1.50%
60-day 1.65%
90-day 1.80%
12-month 3.00%
Rates last updated May 25, 2023. Rates subject to change without notice. **Limits may apply.

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

Insights & Advice

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