GICs and Term Deposits
Guaranteed Investment Certificates (GICs) are investments that pay a fixed rate of interest for a specified term between one and five years.
Term Deposits are investments that pay fixed interest for a specified term between 30 and 365 days.
Your principal is guaranteed in both cases and there are no withdrawal privileges unless otherwise stated.
Libro Prime Rate: 5.450%
All rates are subject to change without notice.
A short-term deposit is right for you if you’re saving for a short-term goal and don’t need your money before the end of the term.
Rates above are expressed as the annual rate. Interest paid at maturity for short term deposits based on the number of days held.
Minimum investment: $1,000.
Patronage bonus rates on Term Deposits and GIC’s (registered and non-registered) may be available to those who do significant business with Libro. To see if you qualify, please contact your Libro Coach or Libro Connect.
Note: Owners who purchase or renew their investment online will receive a 0.25% patronage bonus automatically on their rate.
Note: When offered, no additional bonuses are available on special promotional rates.
A long-term GIC is right for you if you want a predictable return and don’t need access to your money before the end of the term.
Rates above are expressed as the annual rate.
Minimum investment: $1,000.
Patronage bonus rates on Term Deposits and GIC’s (registered and non-registered) may be available to those who do significant business with Libro. To see if you qualify, please contact your Libro Coach or Libro Connect.
Note: Owners who purchase or renew their investment online will receive a 0.25% patronage bonus automatically on their rate.
Note: When offered, no additional bonuses are available on special promotional rates.
A variable deposit is right for you if you’re saving for a short-term goal and are not ready to lock your money into a specific term.
All interest rates described are annual interest rates. They follow a simple interest calculation. Interest is calculated daily on the closing balance and paid monthly.
Have questions?
Speak with a Libro Coach today to learn more about your investing options.
