Non-Registered Investing
Short Term Investing
If you’re looking to invest a lump sum of money for a short period of time and want to guarantee your principal is returned, then a short-term GIC would benefit you. When you invest in a short-term GIC, you’ll earn interest on your savings with your principal returned to you. When you compare it to an investment in the stock market, the potential for a loss of your principal exists which is why investors include short-term GICS in their portfolio.
GICs also mature very quickly, so you aren’t locking your money in for an extended period of time like you would with long-term GICs. This allows investors to reinvest their money somewhere else for a short period of time and when interest rates go up, an investor in a short-term GIC can take advantage of better rates once their GIC matures.
Long Term Investing
Non-Registered, RRSP, TFSA, RRIF, and RESPs (Rates effective 2019-09-10) | Rates |
---|---|
90 Day Non Redeemable | 0.60% |
180 Day Non Redeemable | 0.75% |
1 Year Non-Redeemable | 1.65% |
16 Month Non-Redeemable | 1.70% |
2 Year Non-Redeemable | 1.75% |
30 Month Non-Redeemable | 1.85% |
3 Year Non-Redeemable | 1.80% |
4 Year Non-Redeemable | 1.90% |
5 Year Non-Redeemable | 2.00% |