A guaranteed investment certificate, or GIC is a type of Canadian investment in which the rate of return is guaranteed over a period of time. Some types of financial products is relatively low-risk investment, and thus produce smaller gains as stocks, bonds and mutual funds. GIC is usually offered by a bank or trust. These are investment vehicles safe and secure Canadians earn interest, fixed rate, floating rate, or based on a market index.Many Canadians view the GICs good choice for a portfolio that requires security measures.
How GICs work?
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Canada Student Loans
How GICs work?
Read more:
Canada Student Loans
2 comments:
You can liken guaranteed investment certificates to a CD in the United States. It's very secure and sometimes you can even take your money out before the maturity, but the rates are lower than you might find on a bond.
@Roger Thanks for your comment. :)
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