A TD Guaranteed Investment Certificate (GIC) is a safe way to grow your money with TD Bank. You put a certain amount of money into a GIC for a set time, and it earns interest. At the end of the term, you get back your initial amount plus the interest.
How to Check TD GIC Rates
To see the current TD GIC rates, log into TD Bank’s online portal. After you sign in, go to the GIC Rates section on the homepage to view the latest rates.
Types of TD GICs
TD Bank offers several types of GICs to match different investment needs:
Market Growth GICs
These GICs can give you higher returns based on how the market performs, but they don’t risk your initial investment. They have guaranteed interest returns and no fees.
Special Offer GICs
These GICs offer high interest rates for terms between 100 days and 3 years. You need to invest at least 500 CAD, and you could earn up to 5.25% interest per year.
Cashable GICs
These GICs let you take your money out early if needed. They have terms from 30 days to 5 years and offer interest rates around 3% per year.
Non-Cashable GICs
With these GICs, your money is locked in until the end of the term, but they offer higher returns. Terms range from 30 days to 5 years, with interest rates up to 5.35% per year.
TD U.S. Dollar GICs
These GICs let you invest in U.S. dollars and earn 4.45% interest for terms up to 5 years. The minimum investment is 1000 USD.
TD GIC Interest Rates
Interest rates for TD GICs depend on the term length and whether the interest is simple or compounded. Here’s a quick look:
Short-Term Rates
- 30 Days: 2.25%
- 60 Days: 2.50%
- 90 Days: 2.75%
- 120 Days: 3.00%
- 180 Days: 3.25%
- 270 Days: 3.50%
Long-Term Simple Interest Rates
- 1 Year: 5.35%
- 2 Years: 5.30%
- 3 Years: 5.00%
- 4 Years: 5.00%
- 5 Years: 5.00%
Long-Term Compound Interest Rates
- 1 Year: 5.35%
- 2 Years: 5.30%
- 3 Years: 5.00%
- 4 Years: 5.00%
- 5 Years: 5.00%
TD GICs are a reliable and low-risk way to grow your savings. With various options and competitive rates, you can choose a GIC that fits your financial goals. Always check the latest rates and terms before investing.
What is a TD GIC?
A TD GIC is a safe investment where you deposit money for a set period and earn interest.
How can I check TD GIC rates?
Log into TD Bank’s online portal and navigate to the GIC Rates section.
What are the different types of TD GICs?
Types include Market Growth GICs, Special Offer GICs, Cashable GICs, Non-Cashable GICs, and TD U.S. Dollar GICs.
What are short-term TD GIC interest rates?
Rates for short-term GICs range from 2.25% to 3.50%, depending on the term.
What are the long-term TD GIC interest rates?
Long-term rates vary from 5.00% to 5.35%, depending on the term and whether interest is simple or compounded.