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Redeemable GIC and Term Deposit
High interest rates on your hard earned money
Redeemable GICs and Term Deposits are the most secure investments for short, medium and long term savings goals. The interest rate for the entire term is guaranteed.
Attractive interest rates:
| Term | 1 Year |
2 Years |
3 Years |
4 Years |
5 Years |
|---|---|---|---|---|---|
| C$ GICs | 1.75% | 2.00% | 2.25% | 2.50% | 2.75% |
| US$ Term Deposits | 0.40% | 0.50% | 0.70% | 0.90% | 1.10% |
Safe and Secure: ICICI Bank Canada is a member of the Canada Deposit Insurance Corporation (CDIC). All deposits with the Bank are eligible for deposit insurance from CDIC, subject always to coverage limitations as outlined by CDIC. Learn more about Canada Deposit Insurance.
For further information, visit www.cdic.ca or contact CDIC at 1-800-461-CDIC (2342).
Flexible Terms: We offer redeemable GICs and Term Deposits for terms from 1 year to 5 years. Choose the term that suits your personal requirements.
Minimum Deposit: Only a minimum of 1,000 in the currency of deposit is required.
Compound Interest: Interest on our redeemable GICs and Term Deposits is compounded annually and paid at the end of the term.
Early Redemption: Sometimes an emergency arises and you may need access to your money. We offer early redemption options on Canadian Dollar GICs and US Dollar Term Deposits of 1 year and above.
