GICs (Guaranteed Investment Certificate) are sold by banks, credit unions and trust companies. The financial institution promises to pay interest and repay principal, and this promise is backed by the bank’s financial reserves. Interest is generally quoted at an annual rate, although it may be credited to the account more frequently.


  • Sold with fixed maturities from 30 days to several years
  • Longer terms usually pay higher interest
  • Guaranteed by the bank
  • Further guaranteed by the CDIC (Canadian Deposit Insurance Corporation) or The Credit Union Deposit Insurance Corporation (CUDIC)

Hatch & Muir acts as independent GIC broker. We shop the market to find the best rates for our clients. If you would like a quote or additional information please contact us.