5-year Cashable GIC Account
Guaranteed interest products, also known as GICs or GIAs, earn a predetermined rate of interest for a fixed period of time and can play an important role in your financial plan. GIC/GIAs can anchor your portfolio and lower interest risk, making your entire plan more reliable.
Our innovative 5-year Cashable GIC Account, managed by Morneau Shepell Asset & Risk Management Ltd., is a diversified portfolio of GICs with staggered, yearly maturities. This approach is called a ladder and is designed to manage the risk of fluctuating interest rates. As GICs mature each year, they are typically reinvested in new 5-year terms, thereby creating a so-called “ladder”.
This unique Account allows you to invest your savings in a GIC/GIA without having to commit to a maturity date.