Don't wait to secure your amazing GIC rate.
Take advantage of these limited-time GIC rates today.
Earn 3.20%* for 18 months or 3.75%* for 3 years and put your savings to work.
How it works
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Connect with us. Fill out the form or call 1-888-296-9965.
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Open a YNCU account. It's quick and easy to become a member.
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Choose your term. Pick the perfect term for your GIC.
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Earn guaranteed returns. Your investment grows safely and securely.
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Plan for what’s next. Our advisors are here to help you achieve your financial goals.
Helping serve our members since 1950
While it sounds cliché, here at YNCU, our members come first. As a credit union, we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit.
Why choose YNCU?
Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our customers and members require investments at both individual and collective levels.
Frequently Asked Questions
What is a GIC?
A Guaranteed Investment Certificate (GIC) is a secure savings investment that pays a fixed rate of interest for a set period of time. When you invest in a GIC, your original deposit is protected, and your interest rate is guaranteed for the full term.
How do GIC rates work?
GIC rates are fixed for the length of your term. That means when you lock in a rate — like 3.20% for 18 months or 3.75% for 3 years — it won’t change, even if market interest rates rise or fall. Your return is predictable from day one.
Are GICs safe?
Yes. GICs are considered one of the safest investment options in Canada because your principal investment is protected and your interest rate is guaranteed. As a member of an Ontario credit union, eligible deposits are insured under provincial deposit insurance guidelines.
How much money do I need to open a GIC?
The minimum investment for this GIC offer is $1,000. Once invested, your funds remain locked in for the full term to earn the guaranteed rate.
Are GIC rates better than savings accounts?
GIC rates are typically higher than regular savings account rates because you agree to lock in your funds for a fixed term. In exchange for that commitment, you earn a guaranteed return that is often more competitive than everyday savings accounts.
When will I receive my interest?
Interest is paid according to the terms of your GIC agreement. Depending on the product, interest may be paid at maturity or at scheduled intervals. Full details are provided at the time of investment.
What happens when my GIC matures?
When your GIC reaches maturity, you can choose to: • Reinvest in a new GIC • Transfer the funds to another account • Withdraw your money You’ll have options — and support if you need guidance on what to do next.
What’s the difference between a GIC and a High-Interest Savings Account?
Both a Guaranteed Investment Certificate (GIC) and a High-Interest Savings Account (HISA) are low-risk ways to grow your money. The key difference comes down to flexibility versus guaranteed returns. Here’s how they compare: GIC (Guaranteed Investment Certificate) is ideal if you don’t need immediate access to your money and want a predictable, guaranteed return. • Fixed interest rate for a set term • Guaranteed return from day one • Your principal is protected • Funds are locked in for the full term Typically offers higher rates than savings accounts HISA (High-Interest Savings Account) is a good option if you need flexibility or want easy access to your savings. • Variable interest rate • Earn interest while keeping full access to your funds • No fixed term commitment • Rates can rise or fall over time
Is a GIC or HISA Better?
It depends on your goals. Choose a GIC if you: • Want a guaranteed rate • Prefer stability over flexibility • Have funds you won’t need for a set period • Want protection from market volatility Choose a HISA if you: • May need access to your money at any time • Prefer flexibility over a locked-in rate • Are building an emergency fund
Grow your money faster with a GIC from YNCU.
Your future deserves a plan that works for you, backed by a financial partner that genuinely cares about your goals.
