Investments

Safe and secure investing

Lock in your rate. Invest with confidence in a Guaranteed Investment Certificate (GIC).

Backed by CDIC

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View our personal deposit agreement for details about our accounts.

Wyth really does

Great rates

We offer great rates on short-term and long-term GICs so you can plan with confidence.

Peace of mind

GICs are a secure way to save and invest. Your principal is not exposed to stock market volatility and you earn a guaranteed rate of return for the term of your investment.

Keep your money safe

Wyth Financial is a trade name of Concentra Bank, a member of Canada Deposit Insurance Corporation (CDIC), so you can be sure your money is safe and sound.

Pure simplicity

Purchase and manage your GIC investments digitally. Get started now!

Non-redeemable GIC rates*

Term Rate*
1 year 3.35%
18 months 3.65%
2 years 3.95%
3 years 4.05%
4 years 4.10%
5 years 4.15%

Watch your investments grow.

Investment Amount

$

Period in years

1 year
18 months
2 years
3 years
4 years
5 years

Rate

%*

Guaranteed Value

$
Start investing

The minimum investment amount is $1000 for a GIC.
Estimator tool is for demonstration purposes only. It should not be relied upon as financial or other advice.

* For more information see disclaimer below.

Choose a GIC from Wyth

Minimum investment amount
$1,000 CAD
Maximum investment amount
$150,000 CAD
Fees and info

What is a GIC?

A guaranteed investment certificate (GIC) locks away your savings for a fixed term. We guarantee the safety of your original investment and you earn interest at a fixed rate.

How does a GIC work?

You tell us how much you want to invest and for what term. You’ll start earning interest on your GIC once your investment funds are received. Then, when your term is up, your funds are available to you.

Are GICs a safe way to invest?

Your money is safe with us, and protected by the Canada Deposit Insurance Corporation (CDIC). They're a great option if you want to put some money away for a few years and be sure of its return.

What if I don't have a Wyth account?

It only takes a few minutes to open an account, which you’ll use to fund your GIC purchase. Fund your account using one of our convenient options, and when the funds are available, you can buy your GIC.

Let's answer your GIC questions

How many GICs can I purchase?

As many as you like! To make it easier for you to manage multiple GICs, you can create a nickname for each investment. Simply log in at wyth.ca or through the Wyth mobile app, then select Investments, choose the applicable investment, then use the edit icon to the right of the account name.
Can I buy a GIC with U.S. dollars?

Wyth does not offer U.S. dollar GICs at this time.
Do I pay any fees when I buy a GIC?

There are no fees to buy a GIC but make sure you read the Deposit Disclosure to understand what other types of fees are applicable.

View deposits disclosure →

Do you offer variable interest rates?

Our rates on GICs are fixed. We do not offer variable interest rates at this time.
Will I be taxed on the earned interest?

Any interest earned on a non-registered GIC is taxable in the year it is paid or compounded.
If I don’t have the minimum amount, can I contribute a little each month?

Sorry, but we don’t offer pre-authorized debits or contributions to GICs at this time.
Already have a GIC with us?

View the FAQs for answers to common questions about our GICs.

View using a GIC account FAQs →

What if I don't have a Wyth account?

It only takes a few minutes to open an account, which you’ll use to fund your GIC purchase. Fund your account using one of our convenient options, and when the funds are available, you can buy your GIC.

How do I buy a GIC?

01

Open a HISA

Before buying a GIC, you first need to open a HISA and have the funds available in it for your GIC purchase. The HISA acts as an operational account to fund and manage maturity of your GIC.

02

Move money to the HISA

Move money to the HISA using Interac e-Transfer® or by linking your external account at another financial institution and making a transfer. Interac e-Transfer® is the fastest way to fund your HISA – you’ll have access to these funds within about 30 minutes – but there’s dollar limits per transfer. You can transfer larger amounts from your linked account at another financial institution but there will be a 7-day hold on these funds.

03

Purchase your GIC

Once the money is clear of the hold, you can make your GIC purchase.

Invest today, enjoy tomorrow

Getting started is fast and simple.

Open a GIC

Still have questions? Reach out!

Contact us