Guaranteed investment certificate (GIC)
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Benefit from progressive interest rate bonuses on certain products once your investments exceed $10,000*. With a GIC from La Capitale, you are guaranteed to come out ahead!
| Evolution GIC | Traditional GIC | Progressive GIC | Periodic Deposit GIC | Equity Index GIC | |
|---|---|---|---|---|---|
| Description | GIC that's extended for one year at each investment anniversary. The rate available adjusts based on market conditions for the extension years. | To secure your investment portfolio and ensure stable returns | To grow your investments at interest rates that are guaranteed to go up every year | To repay an RRSP under the HBP or LLP, finance an upcoming vacation or carry out special projects | A gateway to the stock markets for higher potential returns and guaranteed capital at maturity and on death |
| Type of contract |
TFSA, RRSP, LIRA and LRSP2. |
Non-registered, registered and TFSA | Registered and TFSA | Non-registered, registered and TFSA | Non-registered, registered and TFSA |
| Interest | Guaranteed | Guaranteed | Guaranteed | Guaranteed | Variable based on a market index, underlying fund or portfolio |
| Term | 3 and 5 years | 30 to 270 days, 1 to 5 years, 7 years and 10 years | 7 years | 1 to 5 years | 5, 7 and 10 years |
| Redeemable1 | Redeemable and non-redeemable | Redeemable and non- redeemable |
Yes |
Redeemable and non- |
Yes |
| Minimum investment |
$2,500 |
$500 | $500 | $500 per year | $500 |
| Portfolio bonus3 | Yes | Yes | Yes | Yes | No |
| Guarantee | Capital and returns guaranteed at maturity and on death | Capital and returns guaranteed at maturity and on death | Capital and returns guaranteed at maturity and on death | Capital and returns guaranteed at maturity and on death | Capital guaranteed at maturity and on death |
*Certain conditions apply.
1Subject to applicable fees and penalties.
2Federal jurisdiction.
3In order to determine the bonus, the portfolio is defined as the sum of GICs (other than the Equity Index GIC) and the daily interest account (DIA) issued by La Capitale Civil Service Insurer and that are held by the client and his or her spouse (if paired).
Refer to the service and transaction fee information
Quebec public service employees and retirees: Exclusive advantages are in store for you!
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