Guaranteed investment certificates (GICs)
This is one of the safest and simplest investments you can make. In essence, you are depositing money and receiving:
- a guaranteed amount of interest
- for a guaranteed period of time
Sun Life Financial GICs
We offer competitive interest rates (ask an advisor about our current interest rates) and other features, including:
- Short-term options – 30 to 364 days
- Long-term options – 1 to 5 year terms with a deposit as low as $1,000.
- Flexible maturity dates – extra flexibility lets you pick the exact date when you get your money back. This is convenient if you know when you'll need the money (e.g. for a wedding, a vacation, or for a down payment on a house).
45-day rate guarantee
This lets you lock in your interest rate up to 45 days before you actually deposit your money.
Options to access your money
SunGIC Max, our non-redeemable GIC requires your investment to stay invested until the maturity date, but offers a higher interest rate than our redeemable option.
Our redeemable GIC allows you to access some or all of your money if you need it before the maturity date (there may be some penalties).
If you choose to access money that you have deposited by cheque, we may hold your money for up to 4 business days if the amount of the deposit does not exceed $1,500, and for up to 7 business days if the amount is greater than $1,500. If you did not deposit the cheque in person, we may hold the money for 1 additional business day.
If you choose to access the first $100 following a cheque deposit, we will process your request within the same business day. If you did not deposit the cheque in person, processing may take an additional business day.
Security and safety
Our GICs are issued by Sun Life Financial Trust Inc. and are backed by the financial strength of Sun Life Financial Trust Inc. [PDF, 1 page, 271 KB], a member of the Sun Life Financial group of companies.
Sun Life Financial Trust Inc. Basel II disclosure [PDF, 9 pages, 481 KB]
Sun Life Financial Trust Inc. Basel III disclosure [PDF, 2 pages, 434 KB]
Sun Life Financial Trust Inc. is a member of the Canada Deposit Insurance Corporation (CDIC). GICs are eligible for CDIC coverage, to limits set by the CDIC. For information about this coverage, go to www.cdic.ca or click on the Protecting Your Deposits brochure.