GICs & Term Deposits
Earn up to 9.00% with a 3-year TD Canadian Banking & Utilities GIC*
*Return linked to market index performance. Maximum return of 9.00% is over the entire 3-year term.
How to Apply
Visit any TD Canada Trust Branch
or call 1-866-222-3456
Guaranteed Investment Certificates (GICs) and Term Deposits are a safe way to save money because your initial investment (principal) is protected. And depending on the type of GIC you choose, you may earn a guaranteed rate of return for the term of your investment.
What are the benefits of TD GICs and Term Deposits?
Safety and security
Your original investment and interest payments are guaranteed.
Flexible terms
Terms range from 30 days to five years.
Eligible for non-registered and registered investment plans
GICs are available in non-registered and registered accounts (RSP, RESP, RIF and TFSA). Term Deposits are available in non-registered and registered accounts (TFSA).
Explore your GIC and Term Deposit options today
Visit any TD Canada Trust Branch
Call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now.
TD Canada Trust helps you find the right GIC
for every savings goal
At TD Canada Trust, with a wide range of GICs and Term Deposits, you'll find a secure and effective way to reach your savings and investing goals.
Whether you're purchasing your first home, buying a new car, building toward a sound retirement, preserving your capital during retirement - our financial advisors can help you save for the future while you continue to enjoy life today.
What types of GICs are available?
TD Cashable GICs & Term Deposits
Cashable GICs and Term Deposits give you the security of a guaranteed rate with the flexibility of an early cashing option. Learn more
Apply now
TD Canada Trust Non-Cashable GICs & Term Deposits
Non-cashable GICs can be an excellent choice for investors who are able to lock in their funds for a specific period of time. They are well suited to an investment strategy of laddered maturities.* Learn more
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TD Canada Trust Market Growth GICs
Like traditional GICs, Market Growth GICs offer you the peace of mind of 100% principal protection, while taking advantage of the higher return potential of the stock market. Learn more
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TD Canada Trust Foreign Currency GICs & Term Deposits
Foreign Currency GICs and Term Deposits1 are secure investments for your foreign funds that can earn interest at a guaranteed rate. They allow you to spread your dollars among some of the world’s strongest currencies, while earning interest at a guaranteed rate. Learn more
Apply now
Explore your GIC and Term Deposit options today
Visit any TD Canada Trust Branch
Call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now.
1 Foreign Currency Term Deposits are not offered within an RSP; are not an insured deposit as defined by CDIC and are fully guaranteed by TD Bank Financial Group. Foreign Currency Term Deposits are subject to foreign exchange risk as the underlying currency may appreciate or depreciate during the investment term.
* Laddering strategies can be ideal for shorter time horizons too. The key is to spread out your investments and maximize your return over your preferred time horizon.
The benefits of laddering GIC maturities
Developing a laddered maturities plan can be an easy way to help you maximize GIC returns while maintaining a secure portfolio. This proven method of investing (also known as a laddering strategy) can help you reduce the risk of interest rate fluctuations and increase your portfolio's overall return.
Laddering maturities can be achieved in two steps:
1. Dividing the amount you are planning to invest by 5 (e.g. $10,000.00 equals five investments of $ 2,000.00 each).
2. Equally investing in five GICs of one- to five-year terms (e.g. $2,000 in a one-year GIC, $2,000 in two-year GIC, $2,000 in five-year GIC).
As a result, 20% (1/5th) of your portfolio will mature each year. This can be cashed, or reinvested for five years at the then prevailing rate. This strategy locks in the portfolio for higher long-term rates, yet also provides liquidity.
Strategies for maximizing return while minimizing risk
If your goal is to reduce interest rate risk, you can begin by spreading the maturity dates so that one or more certificates (and approximately 20% of your GIC portfolio) comes up for renewal each year for the next five years.
If you want to increase the rate of return, every time a certificate comes up for renewal, reinvest it as a 5-year GIC. Work toward a portfolio of laddered 5-year GICs with some renewing each year, so that you receive the higher long-term rates.
Explore your GIC and Term Deposit options today
Visit any TD Canada Trust Branch
Call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now.
Have a few questions?
We've provided answers to some of the most common questions people have about GICs and Term Deposits.
Can I cash out early?
Yes, cashable GICs and Term Deposits may be cashed-in early, in full or in part, subject to certain terms and conditions.
Expand How are my earnings taxed?
Earnings in GICs and Term Deposits held in a registered plan, such as RSPs are tax-deferred and tax-free when held in a TFSA. Earnings received on non-registered GICs and Term Deposits will be taxed as interest income in the year in which it is earned. A T5 is issued after maturity.
Expand Why are some products called GICs and others called Term Deposits?
Term Deposits and GICs both offer secured investments with guaranteed returns. The main difference is in the duration of the investment. Term Deposits tend to have a shorter investment period of one year or less, while GICs can be locked-in for longer periods of time, up to 5 years.
Expand Can I buy GICs in registered accounts?
Yes, GICs can be purchased within both non-registered or registered accounts, such as RSPs and TFSAs.