1st Choice Savings - GICs & Term Deposits

Make your money work for you with no risk of losing your investment.

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A Guaranteed Investment Certificate (GIC) or term deposit is a low-risk investment that guarantees the return of your initial investment; you will earn a guaranteed rate of return for the term of your investment. You can choose to hold your GICs in a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or a Tax-Free Savings Account (TFSA).

Many people believe investments have to be long-term endeavors, but we have many options to meet your needs.

Short-Term GIC

Don’t have money to put away for a long time? Try a Short Term GIC.

Term: 30 - 270 Days

Interest Rate: Fixed

Great for:

Saving for a large purchase
Maintaining some liquidity in a portfolio
Looking to invest, but need access to cash sooner than later
Paying off multiple debts, but looking to start investing

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Long-Term GIC

The longer the term, the higher the rate of return.

Term: 1 - 5 years

Interest Rate: Fixed

Great for:

Earning higher rate of return on investments
If you are comfortable locking in for longer period of time
Saving for a long term goal
More stability in your investment portfolio

See Rates

U.S. Dollar GIC

Maximize your U.S. funds with a guaranteed rate of interest.

Term: 30 days - 1 year

Interest Rate: Variable

Features:

Choose conveniently from 30, 60, 90, or 180 days*
Interest is paid at the end of the term
Interest is paid in U.S. funds

*with a minimum investment of $5000 USD; or $500 USD for 1 year

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Safe and Secure

Your principal investment and interest are guaranteed.

Convenient

Pick the term that works with your financial goals.

Higher Interest

GICs offer higher interest rates than a savings account.

Eligible for Registered Plans i.e. TFSA, RRSP, RDSP etc.

TFSAs

Hold your GIC in a tax-free savings account and watch it grow. Perfect for mid to long-term savings goals.

TFSA

RRSPs

It’s never too early or too late to start planning for retirement. Use GICs in your registered retirement savings plan for low‑risk retirement savings growth.

RRSP

Mutual Funds

No matter where you are in your journey, we provide access to a diverse group of mutual funds through Aviso Wealth that can help you match your investment goals.

Mutual Funds

Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Online brokerage services are offered through Qtrade Direct Investing. Qtrade Direct Investing, Qtrade Guided Portfolios and Aviso Wealth are divisions of Aviso Financial Inc.

What Is A GIC?

Short-Term GIC

Long-Term GIC

U.S. Dollar GIC

Benefits Of GICs

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TFSAs

RRSPs

Mutual Funds