Guaranteed Interest Options

Investment & Savings

Guaranteed Interest Options (GIO)

A Guaranteed Investment Certificate (GIC) is a financial product offered by Canadian banks, credit unions, and trust companies. It is a fixed-term investment where you deposit a specific amount of money for a set period, typically ranging from a few months to several years. GICs provide a guaranteed rate of return over the investment term, and at the end of the term, you receive the principal amount plus the interest earned. The interest rate for GICs is typically determined at the time of purchase and remains fixed for the entire term.


Guarantee the principal and interest rate for a set period of time, safeguarding your hard-earned money from changes in the market. It is an insurance product with the option for a named beneficiary. These options are often considered low risk because they provide a predetermined rate of return and protect the principal amount invested.

Guaranteed investment options offer stability and predictability, they usually provide lower returns compared to higher-risk investments such as stocks or equity funds.

To summarize, while both GICs and GIOs offer guaranteed returns, GICs are typically offered by banks and other financial institutions for fixed-term deposits, whereas GIOs are a feature of insurance products like segregated funds, providing investment and death benefit guarantees. It’s important to note that the terms and conditions, as well as the level of guarantees, may vary among different financial institutions and insurance companies, so it’s crucial to carefully review the details before making any investment decisions. Additionally, some restrictions or penalties may apply if you need to withdraw your money before the end of the term. It’s always advisable to carefully review the terms and conditions of any investment option and consider your financial goals and risk tolerance before making a decision.

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For 26 years Pinkney Financial Services has been a very important part of my financial future. I’m most grateful for everything they have done for me over these many years.
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