Earn guaranteed returns in a secure, simple investment

When you invest in a guaranteed investment certificate (GIC), you know exactly how much you’ll have when your investment matures. It doesn’t matter if the market moves up or down. You get your original investment plus a high interest rate – guaranteed.

Our GICs let you:

  • Protect your principal
  • Lock in a high interest rate
  • Choose terms from 30 days to 5 years

3.27%
5-year GIC 1

Are our GICs right for you?

Yes, if you:

  • Want to keep your investment safe and growing
  • Know you don’t need this money in the near future

     
Couple sitting on floor.

GIC benefits

Choose a GIC term that’s right for you

Long-term GIC: 1-year to 5-year term



  • $2,500 minimum investment ($10,000 for monthly interest payments)
  • Cannot withdraw cash before maturity (except on death)
  • No set-up or maintenance fees
  • Available for non-registered accounts, tax-free savings accounts (TFSA), registered retirement savings accounts (RRSP) and registered retirement income funds (RRIF)

Short-term GIC deposits: 30-day to 364-day term



  • $25,000 minimum investment
  • Can withdraw cash before maturity (fees apply)
  • No set-up or maintenance fees
  • Available for non-registered accounts, RRSPs and RRIFs

Rates

Our GICs offer a competitive interest rate on all your money

Long-term GICs

Long-term GIC is not redeemable before maturity except upon death. Minimum $2,500 investment ($10,000 for monthly rates). For compound interest certificates, use annual rates. Semi-annual and monthly interest available for non-registered certificates only.

These rates apply to deposits up to $2 million. To find out the rates for deposits over $2 million, please call us at 1-877-765-2265.

Short-term GICs

Short-term GICs may be redeemed prior to maturity but interest is forfeited if redeemed within 29 days from issuance. If redeemed on or after 30 days but before maturity, a 1.25% reduction in interest rate will apply. Interest is prorated to the number of days. A $25.00 early redemption fee will also be charged. Refer to the GIC Confirmation for details.

Resources

Retirement savings calculator

Whatever you have in mind for retirement, see what you need to save to hit your goals.

Tax-free savings calculator

Figure out how much your money can grow with a TFSA, compared to a taxable account.

FAQ

Manulife Bank GICs are not affected by the ups and downs of equity or fixed-income markets. At the end of your GIC’s term, you will receive your original investment plus interest at the rate set when you invested your money. That certainty helps you plan for the future.

You can request a rate guarantee on your existing GIC up to 30 days before your GIC matures. This way, if the rates drop, you’ll get the better of the two rates. All you need to do is call us!

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Save with tax advantages in a tax-free savings account (TFSA)

 Build your savings faster in an account that doesn’t tax the growth on your investments and doesn’t tax withdrawals. A TFSA can help you save towards a major purchase, a new home, your retirement or a “rainy day” emergency fund.

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Build a secure future with a registered retirement savings plan (RRSP)

Get a tax-deduction for your contribution and enjoy tax-deferred investment growth as long as your money remains inside your RRSP. When you’re ready to retire, you can withdraw your money – taxed at what will likely be a lower rate – to help support your retirement lifestyle.

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Finance your retirement lifestyle with a registered retirement income fund (RRIF)

Your money keeps growing tax-deferred as long as it stays within your RRIF. Every year, you must withdraw a minimum, taxable amount, which you can use to help pay living expenses in retirement.