GIC rates and features

Invest in a Bridgewater Bank Guaranteed Investment Certificate (GIC) and watch your money grow. The rates below are effective as of November 13, 2018. Interest rates are subject to change at any time without prior notice.

Long-term GICs

Term
Interest Payment Option 1 year 18 mths 2 year 3 year 4 year 5 year
Annual compound, paid at maturity, or paid annually* 2.78% 2.83% 3.15% 3.26% 3.29% 3.46%
Paid monthly* 2.53% 2.58% 2.90% 3.01% 3.04% 3.21%
Minimum deposit $5,000

Short-term GICs

Term
Interest Payment Option 180-269 days 270-364 days
Paid at maturity† 1.55% 1.59%
Minimum deposit $5,000

*On GICs having terms of one year or longer, interest is calculated daily on the principal amount and is either paid monthly, annually, or compounded annually and paid on maturity at the option of the customer as identified on their application.

†On GICs having terms of less than one year, interest is calculated daily on the principal amount and is paid on maturity.

Simple interest is calculated on the principal amount only. Compound interest is calculated on the principal amount and any accrued interest of previous periods.

Other important tidbits

  • No fees
  • CDIC eligible up to $100,000
  • Terms from 180 days up to 5 years – you choose!
  • Non-redeemable
  • Non-registered
  • Fixed interest throughout your term
  • Competitive interest rates
  • Minimum investment of $5,000

Interested in getting a Bridgewater Bank GIC? Get started today.