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  2. Guaranteed investment contract - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_investment_contract

    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).

  3. Time deposit - Wikipedia

    en.wikipedia.org/wiki/Time_deposit

    A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term".

  4. Investment certificate - Wikipedia

    en.wikipedia.org/wiki/Investment_certificate

    An investment certificate is an investment product offered by an investment company or brokerage firm in the United States designed to offer a competitive yield to an investor with the added safety of their principal. [1] A certificate allows the investor to make an investment and to earn a guaranteed interest rate for a predetermined amount of ...

  5. What Is a Guaranteed Investment Certificate (GIC)? - AOL

    www.aol.com/guaranteed-investment-certificate...

    A guaranteed investment certificate (GIC) is a financial product that offers low-risk and a guaranteed rate of return. Don’t confuse it with a guaranteed investment contract, which also uses the ...

  6. Guaranteed investment certificate - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_Investment...

    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%.

  7. What to do when your CD matures: Taking advantage of your ...

    www.aol.com/finance/what-to-do-when-cd-matures...

    Many of the best investment platforms offer low-cost ways to get started. 🔍 Expert tip: Cashing out your CD to pay down high-interest debt You can also use your CD funds to pay off debt.

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