Safe Investments, Steady Growth

Guaranteed Investment Certificates (GICs) and Term Deposits are secure investment options designed to help businesses grow surplus funds over short, medium, or long-term horizons. ICICI Bank Canada offers both Redeemable and Non-Redeemable options, with assured interest rates for the entire term, helping businesses plan returns with certainty.

Redeemable Business GICs and Term Deposits allow early redemption across all terms, subject to applicable conditions, offering flexibility before maturity. Non-Redeemable Business GICs and Term Deposits cannot be redeemed before maturity and generally offer higher interest rates for fixed investment timelines.

ICICI Bank Canada offers attractive, assured interest rates on Canadian and US dollar GICs and Term Deposits. Tenures range from 7 days to 5 years for Redeemable options and 1 month to 60 months for Non-Redeemable options.

Yes, ICICI Bank Canada is a member of the Canada Deposit Insurance Corporation (CDIC). Eligible Business GICs and Term Deposits are insured by CDIC, subject to coverage limits and applicable conditions, providing an added layer of protection for your business funds. For further information, visit www.cdic.ca or contact CDIC at 1-800-461-CDIC (2342).

The minimum deposit required is $1,000 in the currency of deposit. Interest on Business GICs and Term Deposits is calculated on a per-annum basis, compounded annually and paid at maturity. For eligible deposits with terms of one year or more, auto-renewal options are available based on customer instructions.