Lock in guaranteed growth with a GIC from YNCU
Put your money somewhere secure. With a YNCU GIC, you lock in a guaranteed rate for a set term, so you know what your money will earn before you commit.
Registered and non-registered available- Minimum $1,000 deposit
Today's GIC offer
18-month GIC at 3.30%*
Our GIC specials are consistently among the best in Ontario.
Trusted by 65K+ members
FSRA insured up to $250K
What is a GIC?
A Guaranteed Investment Certificate, or GIC, is a way to grow your money with a guaranteed interest rate over a set period of time. You choose how much to invest and how long you want to invest it. In return, your rate is locked in for the term, so your return is predictable.
GrowYour returns are guaranteed
Lock in your rate for the full GIC term, so you know what your money will earn.- Your original deposit and interest are protected when you hold your GIC to maturity.
- A guaranteed way to grow savings with more certainty and less market worry.
SecureYour principal is protected
- Your original deposit is protected when you hold your GIC to maturity.
- Grow your savings without putting your principal at risk in the market.
- A steady option for money you want to set aside with more certainty.
FlexibleYou choose the term for your savings
- Choose a GIC term that matches when you expect to need your money.
- Pick from shorter- or longer-term options based on your savings goals.
- Build more flexibility into your plan by choosing the timeline that works for you.
Featured GIC offers
Explore today’s featured GIC offers and find a guaranteed rate that fits your savings plan. These limited-time GIC specials are designed for money you can set aside for a fixed term, with options for annual interest or monthly interest payments.
18-month GIC
3.30%*Learn more about 18-month GICInterest paid annually
Guarantee a return on your savings. Earn 3.30%* on an 18-month GIC. Minimum $1,000 deposit.
Our current GIC rates
Choose the GIC term that matches your savings timeline, then find the deposit tier that matches the amount you plan to invest. The table below makes it easy to compare current YNCU GIC rates†. View all rates here.
| Features | $1,000 - $19,999 | $20,000 - $99,999 | $100,000+ |
|---|---|---|---|
| 1-year - Redeemable after 30 days | 1.95% | 2.00% | 2.05% |
| 1-year - Non-redeemable | 3.00% | 3.05% | 3.10% |
| 2-year - Non-redeemable | 3.10% | 3.15% | 3.20% |
| 3-year - Non-redeemable | 3.40% | 3.45% | 3.50% |
| 4-year -Non-redeemable | 3.60% | 3.65% | 3.70% |
| 5-year - Non-redeemable | 3.70% | 3.75% | 3.80% |
*Terms and conditions apply. Minimum deposit of $1,000. Rates are subject to change at any time. Contact YNCU or visit for full details.
Types of GICs available
Not every GIC works the same way. Some are built for a fixed term. Some let you earn interest monthly. Some give you more flexibility. Others connect your return to market performance while protecting your principal at maturity. See our GIC types here.
Long term GIC
Learn more about Long term GICLock in a guaranteed GIC rate for a 1- to 5-year term. A good fit for savings you can set aside for a specific timeline while earning predictable interest from start to finish.
View rates
1-year cashable GIC
Learn more about 1-year cashable GICEarn a guaranteed rate with the option to redeem your money after 30 days but before the term ends. A great choice for savings you want to grow, but may still need to access.
View ratesMonthly Pay GIC
Learn more about Monthly Pay GICEarn guaranteed GIC interest and receive interest payments each month. A good option if you want predictable income from savings you have set aside.
View ratesPay Yourself First GIC
Learn more about Pay Yourself First GICBuild your savings with automatic monthly contributions and a guaranteed interest rate. A simple way to set money aside regularly while working toward a future goal.
View ratesStep Up GIC
Learn more about Step Up GICEarn a guaranteed rate that increases at set points during the term. A good choice if you want your savings to grow with a rising rate schedule.
View ratesMarket-Linked GIC
Learn more about Market-Linked GICGet market growth potential while keeping your original investment protected at maturity. A good fit if you want possible upside without the market risk.
View rates
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So, my returns are guaranteed?
Commonly asked questions
Many YNCU GICs can be opened with a minimum deposit of $1,000. Some GIC options may have a different minimum, depending on the term, interest payment option, or offer. Before you open a GIC, review the details so you know the minimum deposit, rate, term, and any access rules.
It depends on the GIC. Some GICs are non-redeemable, while others may be redeemable or cashable under specific terms.
A registered GIC is held inside a registered plan, such as a TFSA, RRSP, RRIF, RESP, or FHSA. A non-registered GIC is held outside a registered plan.
A GIC may offer a higher guaranteed rate because you agree to keep your money invested for a set term while a savings account usually gives you more access to your money.
When your GIC matures, you may be able to reinvest it, move the money to another account, or withdraw it, depending on your instructions and product terms.
GICs are considered a lower-risk option because your principal is protected when held according to the GIC terms. Eligible deposits may also be covered under applicable deposit insurance guidelines.
Yes, eligible GICs may be available inside registered plans such as a TFSA or RRSP, depending on the product and account type.
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Eligibility and product terms
YNCU GICs and term deposits are offered by Your Neighbourhood Credit Union Limited (“YNCU”), an Ontario credit union. Membership, identity verification and product eligibility requirements apply. Minimum deposits, available terms, registration options and payment choices vary by product. Your investment is governed by the applicable deposit agreement, confirmation and product disclosures provided to you.
†Interest rates and returns
Fixed-rate GIC interest rates are expressed as annual rates, not the total return over the investment term. Posted rates may change before your investment is issued. The confirmed rate for a fixed-rate GIC applies for its agreed term, subject to any early-redemption provisions.
Interest calculation, compounding and payment frequency depend on the product and payment option selected. Interest may be paid monthly, annually or at maturity where those options are available. Interest paid out during the term is not automatically compounded within the GIC. See your investment confirmation for the applicable calculation and payment terms.
Featured offers
Featured GIC offers are subject to availability and their specific eligibility requirements, minimum deposits, terms and funding conditions. An advertised rate applies only to the product, term, deposit amount and payment option identified. Refer to the applicable offer details before investing. Changes to posted offers do not change the agreed terms of an existing fixed-rate GIC.
Principal protection
Principal and interest guarantees are obligations of the issuing institution under the applicable deposit agreement. For a conventional fixed-rate YNCU GIC held to maturity, YNCU guarantees repayment of the principal and interest payable under that agreement. Principal protection and deposit insurance are different: deposit insurance has its own eligibility requirements and coverage limits.
Early redemption and access to funds
Non-redeemable GICs generally cannot be withdrawn before maturity. Redeemable or cashable GICs permit access only under their specific terms, which may include a minimum holding period, withdrawal requirements and an adjusted interest rate or reduced interest payment. Do not assume that partial withdrawals or early redemption are available for every product.
Market-linked GICs
Market-linked GICs differ from conventional fixed-rate GICs. Their return depends on the performance of specified benchmarks and the calculation formula in the product disclosure. Unless a minimum return is expressly stated, the return may be zero.
Participation rates, return caps, averaging methods and other formula provisions may limit the return. A stated maximum return is not a promised return. A cumulative return over the full term is not an annual interest rate.
Principal protection applies at maturity under the product terms. Early redemption may not be available. Investing in a market-linked GIC does not give you direct ownership of the underlying securities or entitlement to their dividends unless expressly provided in the product terms.
Step-up and regular-contribution GICs
Step-up GIC rates apply during the specified periods of the term. The highest scheduled rate does not apply throughout the entire term. Regular-contribution GICs are subject to their contribution schedule and product terms; total interest earned depends on the amount and timing of contributions.
Maturity and renewal
Your maturity instructions and deposit agreement determine what happens when your GIC matures. Where automatic renewal applies, the renewal rate and terms are those applicable at renewal and may differ from your original investment. Review your maturity instructions and contact YNCU before maturity if you want to change them.
Registered GICs
A GIC held within a TFSA, RRSP, FHSA or other registered plan remains subject to both the GIC’s terms and the plan’s rules. GIC maturity does not automatically make a withdrawal tax-free or remove registered-plan restrictions. Eligibility, contribution limits and withdrawal requirements apply.
*Deposit insurance
Eligible YNCU deposits payable in Canada in Canadian dollars are protected by the Deposit Insurance Reserve Fund administered by the Financial Services Regulatory Authority of Ontario (“FSRA”), subject to its coverage rules.
Basic coverage for eligible non-registered deposits is up to $250,000 per depositor at YNCU, including principal and interest combined. Eligible deposits in the same ownership category are combined, including eligible balances in savings accounts, chequing accounts and GICs. Opening additional accounts or holding deposits at different YNCU branches does not create separate coverage.
Eligible deposits in registered accounts have unlimited coverage. Separate coverage may apply to qualifying joint, trust and business accounts. For eligible index-linked term deposits, FSRA coverage applies to the principal portion only.
Foreign currency deposits, membership shares, mutual funds and securities are not covered. FSRA’s liability to insure deposits is limited to the assets of the Deposit Insurance Reserve Fund. GICs issued by another institution are subject to that issuer’s applicable deposit insurance arrangements, rather than automatically receiving YNCU’s coverage.
Visit FSRA’s deposit insurance page for complete details.
Information and examples
Information is provided for general educational purposes and is not advice specific to your financial, investment, tax or legal circumstances. Examples and projections are illustrative and depend on their stated assumptions. Consult an appropriately qualified professional when making investment decisions.