GICs

Competitive Yields for Conservative Investors.

Guaranteed Investment Certificates are interest-bearing notes issued by banks and trust companies, and as a result, are protected by the Canadian Deposit Insurance Corporation (CDIC) up to a maximum of $100,000 per issuer. GICs pay the investor regular interest at a set rate, but the principal must remain invested for a certain period of time. GICs usually have terms ranging from one to five years. Usually the longer the period, the higher the rate offered.

The Burak Hannon Brojde Group offers conservative investors competitive GIC yields relative to those offered by other major banks and brokerage houses.

For those looking for additional yield, ScotiaCapital offers a secondary market for GICs every Wednesday at Noon EST, enabling fixed income investors to purchase GICs at discounted prices. Discounted prices often translate into yields that are typically 25 to 50 basis points higher than those offered on the primary market.

The Burak Hannon Brojde Group is pleased to offer current and prospective clients GIC quotes upon request. If you are a conservative investor shopping around for the best possible yields, do not hesitate to contact us for a quote.