What is GIC?

In Banking - Cds - Asked by Admin - 8 months ago

A Guaranteed Investment Certificate or GIC is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks.

Answered by Admin - 8 months ago

Tags: gic, guaranteed investment certificate, canadian investment, trust companies, trust banks, what is gic?

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If you have cash sitting in the bank and are scared to invest it into something or have a reason not to invest a CD might be a good option. CDs are a way to make a higher percentage from the bank each year. CDs come in different time periods and rates. If you have questions about CDs or need the answer to questions like "what is gic?" Zuuply.com can answer them or you can browse our archives.

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What is GIC?

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