Grow Your Savings Securely

Redeemable GIC and a Term Deposits are safe investment options that let you invest your money for a fixed period. Your interest rate stays the same for the full term, so you always know how much you will earn. These options are ideal for short, medium and long-term savings goals.

Your money is very safe. ICICI Bank Canada is a member of the Canada Deposit Insurance Corporation (CDIC). This means your eligible deposits are insured by CDIC, up to the limits set by them. It adds an extra layer of protection and peace of mind.

Redeemable GICs and Term Deposits offer attractive interest rates for terms ranging from 1 to 5 years. Both Canadian Dollar GICs and US Dollar Term Deposits earn attractive rates, with higher returns for longer terms. Your rate is locked in from day one.

Early redemption is available for Canadian Dollar GICs and US Dollar Term Deposits with terms of 1 year or more. This is helpful if you face an emergency and need access to your funds earlier than planned.

You can start with a minimum deposit of 1,000 in the deposit currency. Interest is compounded once every year and paid at the end of the term, helping your savings grow steadily over time.