A Guaranteed Investment Certificate (GIC) is a secure savings investment that pays a fixed rate of interest for a set period of time. When you invest in a GIC, your original deposit is protected, and your interest rate is guaranteed for the full term.
Choose the term that works for you.
18-month GIC*
$1,000 minimum deposit
3.20%
30-month GIC*
$1,000 minimum deposits
3.40%
A straightforward way to grow your savings.
Growth you can count on.
When you invest in a Guaranteed Investment Certificate (GIC), your rate is locked in for the full term — so you know exactly what you’ll earn. With our special rates, you can:
Earn a competitive fixed return
Protect your original investment
Choose the term that fits your timeline
Grow your savings without market risk
Put your money to work. Minimum deposit of $1,000.
Ready to Lock in Your GIC Rate?
Take advantage of these limited-time GIC rates today.
Secure 3.20%* for 18 months or 3.40%* for 30 months and put your savings to work.
Select Image
Trusted by over 65,000 members and growing.
Why Choose YNCU?
Helping serve our members since 1950
While it sounds cliché, here at YNCU, our members come first. As a credit union, we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit.
Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our customers and members require investments at both individual and collective levels.
Frequently Asked Questions
What is a GIC?
How do GIC rates work?
GIC rates are fixed for the length of your term. That means when you lock in a rate — like 3.20% for 18 months or 3.40% for 30 months — it won’t change, even if market interest rates rise or fall.
Your return is predictable from day one.
Are GICs safe?
Yes. GICs are considered one of the safest investment options in Canada because your principal investment is protected and your interest rate is guaranteed.
As a member of an Ontario credit union, eligible deposits are insured under provincial deposit insurance guidelines.
How much money do I need to open a GIC?
The minimum investment for this GIC offer is $1,000. Once invested, your funds remain locked in for the full term to earn the guaranteed rate.
Are GIC rates better than savings accounts?
GIC rates are typically higher than regular savings account rates because you agree to lock in your funds for a fixed term. In exchange for that commitment, you earn a guaranteed return that is often more competitive than everyday savings accounts.
When will I receive my interest?
Interest is paid according to the terms of your GIC agreement. Depending on the product, interest may be paid at maturity or at scheduled intervals.
Full details are provided at the time of investment.
What happens when my GIC matures?
When your GIC reaches maturity, you can choose to:
Reinvest in a new GIC
Transfer the funds to another account
Withdraw your money
You’ll have options — and support if you need guidance on what to do next.
What’s the difference between a GIC and a High-Interest Savings Account?
Both a Guaranteed Investment Certificate (GIC) and a High-Interest Savings Account (HISA) are low-risk ways to grow your money. The key difference comes down to flexibility versus guaranteed returns.
Here’s how they compare:
GIC (Guaranteed Investment Certificate) is ideal if you don’t need immediate access to your money and want a predictable, guaranteed return.
Fixed interest rate for a set term
Guaranteed return from day one
Your principal is protected
Funds are locked in for the full term
Typically offers higher rates than savings accounts
HISA (High-Interest Savings Account) is a good option if you need flexibility or want easy access to your savings.
Variable interest rate
Earn interest while keeping full access to your funds
No fixed term commitment
Rates can rise or fall over time
Is a GIC or HISA Better?
It depends on your goals.
Choose a GIC if you:
Want a guaranteed rate
Prefer stability over flexibility
Have funds you won’t need for a set period
Want protection from market volatility
Choose a HISA if you:
May need access to your money at any time
Prefer flexibility over a locked-in rate
Are building an emergency fund
Grow your money faster with a GIC from YNCU.
Ready to get started?
Select Image
*Available for a limited time. Terms and conditions apply. $1,000 minimum deposit required. Rates are subject to change at any time. Contact YNCU for details.
Investment rates are expressed as annual interest rates. Interest is calculated and accrued daily and paid annually and at maturity. The indicated interest rate is subject to change at any time. The terms and conditions of this offer, including its overall availability, are at the sole and absolute discretion of YNCU and are subject to change at any time without any prior notice.
2026 Your Neighbourhood Credit Union Limited. All rights reserved.
Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .
