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BEST GIC RATES | Guarenteed Investment Certificate Canada

Looking for a Low Risk Investment?

Most Canadians will tell you that a Guaranteed Investment Certificate (GIC) is a great low-risk investment. Are they right? Do you know what exactly a GIC is and how it delivers low-risk return on investment?

At Syndicate Mortgages we always try to educate our clients to help them make the best, well-informed decisions. These are the kinds of decisions that translate into the best returns. So read on to learn more about GIC, what it is, how it works, and how you can get the highest ROI.

Before we get into the details, remember that

The Best Return is a Peace of Mind

A GIC is one of the various investment options available, but only to Canadians. However, the GIC has its counterparts in other countries, offering high returns and a peace of mind to those smart enough to invest in them.

First, let’s consider the fact that biggest risk in investments is the risk of not getting the original investment back. While we all strive to get as much money above and beyond the amount invested, the first hurdle is that of recovering the investment made.

So a risk-free investment is essentially that investment which guarantees the investor’s money will be recovered. The Best GIC Rates does that. It is a low-risk investment because it guarantees 100% recovery of the original amount invested.

On top of that, a Guaranteed Investment Certificate guarantees a rate of return over a fixed period of time. This makes the GIC a safer and more lucrative investment. The tenure and rate of interest may vary but you can rest assured that you will get the principal amount returned, along with the interest. Sound simple and enticing enough…

But is it?

In the world of investments and returns and interest rates, there’s almost always a catch. So is there a catch with Guaranteed Investment Certificates?

Before we answer that, the important thing to understand is that a catch is only a potential downside; it doesn’t have to mean that you will have an unavoidable problem. With the right information and smart decision-making you can circumvent any catches and achieve your goals.

So, the catch with a GIC is that although it is a very safe and low-risk investment, one that guarantees a rate of return throughout the term, it is not as liquid as some other investments or a savings account.

So, is a GIC Canada still a feasible investment option?

Absolutely. The reason is that its guaranteed return on investment. Moreover, a less liquid investment can be an advantage. This is because sometimes we are tempted to break into our savings account without any pressing needs. In such situations, a GIC is a great way to keep your savings intact, all the while enjoying the interest it earns you.

Speaking of the returns, remember that

Returns are Higher when Interest Rates are Better


When planning to invest in a GIC Canada, you should know that these certificates are best for a mid to longer term investment. In other words the longer the term, the higher your interest rates and the returns as well. So if you are looking for a quick in-and-out kind of deal, a GIC may not be the ideal investment option. But then again, investments with a potential for quick, great returns invariably carry great risk.

You should also keep in mind that a GIC’s interest rate may vary based on various elements such as liquidity, lowest level of investment required, flexibility, and the method of calculated used.

Yet another important thing about Guaranteed Investment Certificates that you should always bear in mind is that there’s no such thing as The Perfect GIC’. One size doesn’t fit all and this adage couldn’t be more relevant here.

All these factors combine to create different kinds of GICs. Keep in mind that a certificate that returns higher profits doesn’t automatically make it the ideal one for you. There are some banks and other lending institutions that offer exclusive GICs with different conditions and benefits. You will have to do some research in order to find an option that’s most suitable for you.

How do you Find the Best Interest Rate?

You can count on banks and other lenders to frequently advertise their interest rates. This is where they try to win over clients, by offering a combination of high interest rates and other benefits.

While this is encouraging, the problem is that it’s easy to get confused with all these number and offers in front of you. But you need not worry, we can help!

We can help you find the best rates with the most favorable conditions and attractive benefits. As one of Canada’s most renowned mortgage brokerages, Syndicate Mortgages offers advice and services that are insightful and ultimately invaluable as they help you get the best return on your investment.

Top Three Reasons to Choose Syndicate Mortgages

There are numerous reasons why you should choose for improving your chances of finding the best GIC and interest rates. Here are three:

  1. Experience. Over the many years in the industry, we have built professional relationships with a large network of financial institutions.  Many of these institutions offer us special rates.
  2. Rates. The numbers speak for themselves; after viewing the current competitive GIC interest rates it will be hard for you not to find the best interest rates in Canada.
  3. Security. The GICs we refer you to are eligible for Canada Deposit Insurance Corporation (CDIC) insurance. (Applicable to certain limits).

 So, what are you waiting for?

The best way to make the most of your GIC investment is to explore all your options. Rest assured that we will help you find a Guaranteed Investment Certificate that’s secure, has the least risk and carries high interest rates.




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