Guaranteed Investment Certificates (GICs) are fixed rate investments. This means that at the time of investment you’ll know exactly how much interest you’ll earn on your contribution.

• Interest can be paid out monthly, quarterly, semi-annually or annually.
• GICs are available for one to five year terms.
• GICs are non-redeemable prior to maturity.
• Maturity notices are mailed just prior to maturity.
• Best Pricing Policy ensures that you receive some of the highest interest rates across Canada.
• 100% Deposit Guarantee means that all dollars on deposit with Cambrian Credit Union are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.
• All GICs are RRSP, RRIF and TFSA eligible.

Account Options:

• Guaranteed Investment Certificates (GIC): GICs require a minimum balance of $1,000 in order to purchase a term.
• Registered Retirement Savings Plans (RRSP):RSPs require a minimum balance of $500 in order to purchase a term.
• Tax-Free Savings Accounts (TFSA):TFSA require a minimum balance of $1,000 in order to purchase a term.
• Fat Cat and Cambrian Connect GICs: If under the age of 14 a GIC can be purchased for a minimum balance of $100 and the same is for anyone between the ages of 15-22.
• Registered Retirement Income Funds (RRIF):A RRIF requires a minimum balance of $5,000.

We also have a variety of savings vehicles available to assist your long-term savings needs.

• Premium Savings
• Variable TFSA
• Variable RRSP