rate subheading


  • Guaranteed Investment at a competitive interest rate
  • Helps to grow your money for your longer-term goals
  • No fees or service charges


  • Individuals accumulating a down payment for your next home purchase
  • Those saving for retirement
  • Saving for children’s education
  • Putting money aside for special purchase (e.g. car, vacation, home renovations)
  • Acting as a contribution to retirement income


GIC Features

GIC More Info

Guaranteed Investment Certificate is a low-risk option to invest your funds for a guaranteed rate of return over a fixed period of time for any specific purpose.

By investing your money for a given period of time (usually one to five years), you generally receive a more competitive interest rate than you would from a savings account.

This makes a GIC the ideal solution for helping you meet your longer-term investment goals.

Maximum Savings 
Your return of investment is maximized by competitive interest rates. The longer the term you commit to, the more likely your savings will reach maturity after accumulating interest.

Maximum Return
 Your return is guaranteed. It is a lower risk investment in comparison to mutual funds, bonds and stocks. Your return is guaranteed. Choosing compounded interest makes your investment grow even faster.

Maximum Opportunity
 Due to it being a low-risk investment with a return on your money guaranteed the value of your investment is more likely to grow rather than depreciate if you were to invest it into mutual funds, stocks or bonds.

Maximum Security 
Your money is secure. Investments are eligible for CDIC coverage. Your initial investment is protected and the money is 100% guaranteed by Home Trust.

Special Notes:
*All amounts are subject to annual deposit limits set by the Canada Revenue Agency. Individual contribution capacity depends on deposits made (or not) in prior years. Some restrictions may apply to withdrawals and transfers out.

GIC Basics

What can it do for me?

  • Accumulating a down payment for your next home purchase
  • Saving for retirement
  • Saving for children’s education
  • Putting money aside for special purchase (e.g. car, vacation, home renovations)
  • Retirement income

Why? When you want to invest your savings a Guaranteed Investment Certificate offers you a low-risk way to do that with a higher-ratio of return on the investment that comparable investments (such as stocks, bonds, mutual funds.)

How? By investing your funds for a longer period of time, you receive an interest rate based on the length of time that you choose to invest your money. This makes it a perfect option to address your long-term goals

  1. AVAILABILITY– GICs are a simple investment due to the fact that they’re widely available through financial institutions. The fixed interest rates that your money will be accumulate are clear and transparent.
  2. LOW RISK– GICs are protected by the Canadian Deposit Insurance Corporation (CDIC) which means that they have no default risk on amounts up to $100,000.
  3. STABILITY – While stocks, bonds and mutual funds are subjected to the market and variable interest rates. In comparison, GICs have stable prices, which means that there’s a less likely occurrence for your investment to fluctuate.
  4. TAX EFFICENCY – GICs total return on the money that you invest is made up entirely of interest, with no capital gains or losses. The reason that this makes GICs more tax efficient in comparison to bonds is due to the fact that interest and capital gains/losses receive different tax treatment.
  1. The minimum amount you can invest in a Home Bank GIC is $1,000
  2. You don’t pay any fees when you buy a GIC.
  3. Most GICs pay a fixed rate of interest for a set term, between 1-5 years. The term ends on the maturity date.
  4. In general, the longer the term, the higher the interest rate you will earn.
  5. You may get paid interest on your GIC monthly, once a year or on the maturity date.
  6. Your money is eligible for protection up to set limits, through the Canada Deposit Insurance Corporation (CDIC).
  7. You can hold GICs in registered investment accounts such as a Home Bank RSP or TFSA
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GIC Rates

5 Year3.08%
1 Year2.25%
18 Months2.35%
2 Year2.45%
3 Year2.74%
4 Year2.80%
Min. Deposit$5,000