GIC & Deposit Rates
Introducing our 16 Month Flex GIC.
Earn 7.00% in the second 8 months* and enjoy the flexibility to redeem with interest anytime after the first 30 days. The longer you stay, the more it pays.
*1.50% in the first 8 months. Interest rate is calculated per annum and accrued daily. Conditions apply.
To purchase a GIC, simply log into Online Banking and click Open an Account. Don't have an account with us yet? Phone our Advice Centre at 1.888.517.7000 or apply online to take advantage of these rates.
GICs are also available as most Registered Accounts.
Featured Rates
|
Term
|
Rate effective Sep 18, 2023 |
|---|---|
| 1 Year Better Than Cash GIC | 4.000% |
| 1 Year Park-It RRSP GIC - Registered Accounts | 3.250% |
| 15 Month Non-Redeemable GIC - Registered Accounts | 4.150% |
| 90 Day Non-Redeemable Registered GIC | 2.000% |
| 18 Month Non-Redeemable GIC - Registered & Non-Registered Accounts | 4.800% |
| Market Linked GIC | 5% - 15% |
|
3 Year Rising Rate GIC
Year 1
Year 2
Year 3
|
4.000%
4.200%
4.300%
|
| 3 Year Non-Redeemable GIC - Registered Accounts | 4.000% |
|
Registered Deposits
|
Rate effective Sep 18, 2023 |
|---|---|
| 1 Year Park-It RRSP GIC - Registered Accounts | 3.250% |
| 15 Month Non-Redeemable GIC - Registered Accounts | 4.250% |
| 3 Year Non-Redeemable GIC - Registered Accounts | 4.500% |
| Flexible Term Deposit | Rate effective Apr 25, 2018 |
|---|---|
| 2-Year Flexible Term Deposit - New money to Coast Capital only | 2.250% |
| 2-Year Flexible Term Deposit | 2.000% |
What does Long-Term Deposit mean?
These GICs last longer than 12 months and are non-redeemable. That means your investment is locked-in for longer but with a higher, guaranteed return.
Long-Term Deposits
|
Term
|
Rate effective Jan 8, 2024 |
|---|---|
| 1 Year GIC (non redeemable) | 5.000% |
| 15 Month GIC (non redeemable) | 5.000% |
| 18 Month GIC (non redeemable) | 4.800% |
| Long Term 19-Month Term Deposit | 7.000% |
| 2 Year GIC (non redeemable) | 4.600% |
| 3 Year GIC (non redeemable) | 4.400% |
| 4 Year GIC (non redeemable) | 4.350% |
| 5 Year GIC (non redeemable) | 4.350% |
What does Short-Term Deposit mean?
These GICs last from 30 days to 12 months, and are ideal for saving towards goals less than a year away. They’re non-redeemable so there’s a penalty if you take your investment out before the GIC matures.
Short-Term Deposits
|
Term
|
Rate effective Jan 8, 2024 |
|---|---|
| 1 month to less than 2 months (non redeemable) | 2.200% |
| 2 months to less than 3 months (non redeemable) | 2.200% |
| 3 months to less than 4 months (non redeemable) | 2.600% |
| 4 months to less than 6 months (non redeemable) | 2.600% |
| 6 months to less than 9 months (non redeemable) | 3.200% |
| 9 months to less than 12 months (non redeemable) | 3.500% |
| Non-Redeemable Term Deposit | Rate effective Aug 25, 2022 |
|---|---|
| 17-Month Non-Redeemable Term Deposit - New money to Coast Capital only | 2.400% |
| 40-Month TFSA Non-Redeemable Term Deposit - New money to Coast Capital only | 0.000% |
| 40-Month TFSA Non-Redeemable Term Deposit | 0.000% |
| Park-it RRSP Term Deposit | Rate effective Sep 18, 2023 |
|---|---|
| 1-Year Park-it RRSP Term Deposit – Also available for purchase as RIF and TFSA registered accounts | 3.250% |
| Better Than Cash® | Rate effective Sep 18, 2023 |
|---|---|
|
1-Year Better Than Cash |
4.000% |
| Convertible Term Deposit | Rate effective Jan 8, 2024 |
|---|---|
| 3-Year Convertible Term Deposit | 0.000% |
What does redeemable mean?
Redeemable GICs allow you to keep your money safe and secure without giving up flexibility. Withdraw your investment at any time, without penalty.
Redeemable GIC
|
Term
|
Rate effective Sep 18, 2023 |
|---|---|
| 1 Year Redeemable GIC | 3.000% |
| 1 Year Better Than Cash® GIC | 4.000% |
|
16 Month Flex GIC
1 - 8 months
9 - 16 months
Average
|
1.500%
7.000%
4.250%
|
What’s a Market-Linked GIC?
With your principal investment protected, enjoy the potential to earn higher returns linked to stock market performance. Non-redeemable prior to maturity.
Market-Linked GIC
|
Market-Linked GIC
|
|---|
| View Current and Past Offers |
What’s a Market-Linked GIC?
With your principal investment protected, enjoy the potential to earn higher returns linked to stock market performance. Non-redeemable prior to maturity. View Current and Past Offers
What’s a US Dollar GIC?
Diversify your savings and enjoy guaranteed returns with this term investment valued in American currency.
Short-Term US Deposits
|
Term
|
Rate effective May 9, 2022 |
|---|---|
| 1 month to less than 2 months | 0.100% |
| 2 months to less than 3 months | 0.150% |
| 3 months to less than 4 months | 0.200% |
| 4 months to less than 6 months | 0.250% |
| 6 months to less than 9 months | 0.300% |
| 9 months to less than 12 months | 0.400% |
What’s a Rising Rate GIC?
Benefit from compound interest and the choice to redeem your money on each anniversary without penalty.
Rising Rate GIC
|
Term
|
Rate effective Jan 8, 2024 |
|---|---|
|
3 Year Rising Rate GIC
Year 1
Year 2
Year 3
|
4.000%
4.200%
4.300%
|
|
7 Year Rising Rate GIC
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
|
0.600%
0.700%
0.800%
0.900%
1.000%
1.500%
2.000%
|
Our Investment Team will work with you to find the GIC that’s right for you and your goals.
Call us at 1.888.517.7000 Mon-Sat, 8am-8pm PT; Sun, 9am-5:30pm PT or book an appointment online.
Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). More CDIC information
Only deposits payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.