GICs

GICs are Guaranteed Investment Certificates- these investments pay you a guaranteed rate for the period or term that you choose. If you have funds that you don’t need access to for a longer term and would like to earn our best interest rates than this is the right investment for you.
 
•    Available terms from 1 to 5 years
•    $1,000.00 minimum for this investment
•    Interest can be paid annually to your RCU account or compounded; it’s your choice
•    Cannot be redeemed before maturity

From time to time RCU offers incredible specials don’t forget to ask if we currently offer one!

CASHABLE GICs

•    Available for 1 year term only and is cashable after 60 days at a lower rate
•    $25,000.00 minimum for this investment

Unless notified by phone, fax, mail or in person, RCU will automatically renew all GICs at the going rate for the same term.
Deposit Insurance Corporation of Ontario (DICO) automatically insures Canadian deposits in Term Deposits and Guaranteed Investment Certificates (GICs) maintained at RCU institution. DICO insures the principal and interest up to $250,000.00 as of January 01, 2018.

U.S. GICs

•    Available for 1 year term only in U.S. dollars
•    $1,000.00 U.S. minimum for this investment
 

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GIC Rates Rates
1 Year 2.30%
2 Year 2.45%
3 Year 2.65%
4 Year 2.80%
5 Year 3.00%
1 Year Cashable 1.90%
U.S. 1 Year GIC 0.70%
Special GIC - RRSP, RRIF, Tax Free GIC Rates
14 months (for new deposits only) 2.80%