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GICs

At Kindred, all of our GICs are validated as Socially Responsible Investments. Book a meeting with us to find out more or to start investing today!


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What are Guaranteed Investment Certificates (GICs)?


Guaranteed Investment Certificates (GICs) are a safe and secure way to reach your financial goals. When you buy a non-redeemable GIC, you agree to invest a certain amount of money for a set length of time (term) to benefit from a fixed interest rate. When your term is up, you can either cash in your GIC – and get your initial investment back plus interest – or renew your term and keep growing. We also offer a 1-year cashable GIC that allows for cashing out the investment with interest before the term is up.

Check out all the benefits of choosing a GIC:

  • Safe and Secure

    Just like the name implies, your original deposit is guaranteed with no fluctuations and no market uncertainty. And, for the life of the term, you’ll earn the interest rate you signed up for.

  • Convenient

    GICs are easy to set up, so you can start earning interest right away. Move money from a chequing or savings account into your new GIC, and you’re good to go.

  • Flexible Terms

    You choose the term, so you only put your money away for the amount of time that fits your plans. Earn higher interest than your savings account for as little as 30 days, or lock your funds in at a great rate for one or even five years.

  • Protected

    You can set your GIC up as an RRSP, RRIF, RDSP, TFSA, or a non-registered investment. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits not in registered accounts are insured up to $250,000 through FSRA.

  • Low Minimums and Great Rates

    Once your savings reach $500, you can invest in a GIC and start earning a great return. Members under the age of 18 can invest with a minimum deposit of just $50. And, your GIC will earn a competitive rate that’s higher than a typical savings account.

  • Variety and Choice

    In addition to choosing your term, and whether to invest within a registered plan, you can also choose to set up a standard 1 to 5-year GIC, a Step Term, Junior, or Index-Linked GIC (available only occasionally), or a 1-year cashable GIC (non-registered only).

Guaranteed Investing Options at Kindred

Short-term GICs

Whether you’ve got some extra cash on hand, you’re saving for a big-ticket item, or managing cash flow from your savings, a short-term GIC offers flexibility and a competitive rate. Choose the redemption period that works for you, from 30 to 364 days. Minimum deposit of $5,000.

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Step Term GICs

Step Term GICs offer a guaranteed investment with an escalating rate over a 3-year or 5-year term. This type of GIC also offers you flexibility after the first year and it’s RRSP, RRIF, and TFSA eligible.

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Long-term GICs

Long-term GICs are a smart solution when you want to tuck your money away, earn a great rate, and benefit from the peace of mind of a guaranteed investment. With terms from 1 to 5 years, you can choose how long to invest and the minimum investment is just $500.

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Market-Linked GICs

Market-Linked GICs offer the security of a GIC with the potential to earn higher returns based on the performance of a diversified basket of stocks. Choose from Canadian, Global, or Socially Responsible Investment options available in 3 and 5-year terms.

 

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   Learn more about Market-Linked GICs.

 

1-Year Cashable GICs

The 1-year Cashable GIC is totally cashable following the first 90 days from the date of investment. This type of GIC provides short-term flexibility with a competitive interest rate. Interest is calculated daily and paid at maturity or when cashed out. Available only for non-registered investments and partial redemptions are not permitted. Minimum deposit of $10,000. Deposits will be accepted subject to availability.

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Here are some unique ways to invest with Kindred, while supporting your community.


We’re always looking for ways to offer values-based products that connect faith and values with finances. Kindred GICs allow you to incorporate socially responsible investing into your portfolio, and you can support your community in ways that matter most to you.

Canada’s First Affordable Housing GICTM

Introduced to the market by Kindred, the Affordable Housing GIC allows you earn a guaranteed, competitive rate while helping to address the affordable housing crisis in Waterloo Region. This impact investment supports loans to providers of long-term, permanent affordable housing.

Learn More

Community Inspiration GICs

Unique to Kindred, Community Inspiration GICs are a way for you to support your church or charity and your community. Grow your wealth with the security of a GIC, and Kindred donates bonus interest to the church or charity of your choice.

Apply Online

Crisis Care GICs

Part of our Member Assistance Services, and unique to Kindred, Crisis Care GICs offer a way for you to use your investment to support those experiencing financial hardship or distress.

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Partnership GICs

Part of our Member Assistance Services, and unique to Kindred, you can designate a Partnership GIC to fund a loan to a charitable organization or an individual — give someone a hand up, rather than a hand out.

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FSRA: Financial Services Regulatory Authority of Ontario


At Kindred Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits not in registered accounts are insured up to $250,000 through FSRA. Learn more about deposit insurance.


Ready to start investing?

Meet with a member of our Wealth and Investment Team for investing advice with values at the core. Schedule a meeting with us to get started!


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