Tangerine Guaranteed Investment (GIC)
If you have money you want to set aside without touching for a while, it’s worth considering a Tangerine GIC. You’ll take advantage of one of the best interest rates around and have the comfort of knowing that it’s guaranteed for the term you choose. Our terms range from 90 days to 5 years and there are no fees or service charges, so your money will have the chance to grow, safe and secure.
Features at a glance:
- Great rate
- Safe and secure
Great Rate: Just lock in your savings with us for one of our set terms and we'll pay the kind of interest that you'd expect with a guarantee. You earn the same great rate on every dollar in your Account.
Safe and secure: Tangerine Bank is a member of Canada Deposit Insurance Corporation, which means your deposits of up to $100,000 are eligible for CDIC deposit insurance.
Switch to Tangerine: A Tangerine GIC is easy to open and set up too. Once you’ve enrolled, you just need to provide your initial deposit cheque, which will link your current chequing account to your new Tangerine Account. This also lets you transfer money back and forth whenever you want between the accounts.
Savings Account, Chequing Account, and GIC rates are annualized and are current as of today's date and are subject to change without notice. Interest is calculated daily and paid monthly in the case of our Savings and Chequing Accounts; and is calculated daily and paid at maturity on a GIC. For registered GIC Accounts, there are no fees while you're saving with us. If at some point you decide to transfer registered GIC funds to another financial institution, a $45 fee will apply. You will have 30 days from the purchase or re-investment date to cancel the new GIC.
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