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A guaranteed investment contract (GIC) is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies qualified for favorable tax status under the Internal Revenue Code (for example, 401(k) plans).
The market growth GICs or market stock-indexed GICs have their interest rates determined by the rate of growth of a specific stock market (such as the TSX or S&P 500).For example; if the TSX has a market growth increase of 30% in three years, beginning at the same point in time the GIC was issued, the GIC will return with an interest of 30%.
Best CD rates for December 2, 2024. Today's best rates of returns are found at FDIC-insured digital banks and online accounts paying out a limited promotion of up to 5.25% APY on a 10-month CD at ...
High-yield savings rates for January 17, 2025. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.75% APY with no minimums at ...
High-yield savings rates for January 16, 2025. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.75% APY with no minimums at ...
Today, the most commonly used type of contract in stable value funds is the synthetic GIC [5] and from 1999 through 2014 stable value funds averaged a total return of 4.35% with a standard deviation of 1.23%. For money-market funds, the average total return was 1.93% with a standard deviation of 2.08%; and for intermediate-term bonds, 4.82% and ...
High-yield savings rates for September 19, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.50% APY with a $1,000 minimum at ...
speculative motive: people retain liquidity to speculate that bond prices will fall. When the interest rate decreases people demand more money to hold until the interest rate increases, which would drive down the price of an existing bond to keep its yield in line with the interest rate.