Index-Linked GIC


What is an Index-Linked GIC?

Index-Linked GICs are a type of GIC where returns are linked to the performance of stock market indexes. The performance in the stock market or sector to which the GIC is “linked” determines the rate of return, but the principal investment is always secured and guaranteed.

Why should I invest in an Index-Linked GIC?

Investing in an Index-Linked GIC gives you the potential to earn a higher return than you would with other fixed income products. Plus, you can feel secure knowing that no matter how the market performs, your principal amount is guaranteed.

There’s a little more risk involved in an Index-Linked GIC because while you could earn a great return if the market performs well; you also take the chance that if the market doesn’t perform well, you’re not guaranteed a return.

Index-Linked GIC Key Features

  • 100% principal investment guaranteed – at minimum, your initial investment will be returned to you at the end of the term
  • Higher potential returns based on stock market performance
  • No fees or commissions
  • Deposits insured by Deposit Insurance Corporation of Ontario (DICO)
  • Non-Registered, RRSP and TFSA eligible
  • $1,000 minimum required


To learn more or to start investing in an Index-Linked GIC, contact your local branch or book an appointment online today.

  • Term Deposit Terms (PDF - 90.54 KB)

    Download our simplified list of all term deposit products here.
 

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