GIC (Guaranteed Investment Certificate)

Vermilion Credit Union wants to see your business grow!  A GIC may be a great option for saving for your business, especially if you have plans for the future.  This can be a great way to start saving and earning interest.  Find out more below! 
A GIC is a Guaranteed Investment Certificate.  That means that you are guaranteed a set rate of return on the funds you invest for the period of time that you invest it for.  
A GIC can be a great way to save for a specific goal and avoid the temptation to use the money in the meantime.  Typically GIC's are locked in for a set period of time (term), so you "set it and forget it" until the term is up.  
A Cashable GIC is a GIC that you can withdraw at any time after 30 days and still collect interest for the time you had the funds invested.  This can be a great short term option.  

1-4 Years
Non-redeemable prior to maturity
18 Month
Allows for full or partial redemption on the 12 month anniversary date
5 Yr 20/20
Allows for 20% of the original investment amount to be redeemed on the anniversary date
Vermilion Credit Union also offers GIC's in US Dollars.  That means you can earn interest on any excess US funds you have and aren't using.  
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