My GIC Account

Your Bridgewater Bank Guaranteed Investment Certificate (GIC) is a safe investment. Bridgewater Bank non-registered GICs offer consistent and competitive rates. Our GICs are protected under the Canadian Deposit Insurance Corporation (CDIC) so your money will be there at maturity.

We offer flexible terms to suit your lifestyle and investment goals and we make it as uncomplicated as possible.

How Your Interest is Calculated:

For 1 to 5 year Bridgewater Bank GICs, interest is compounded annually and paid depending on the interest payment option selected by you. You have the option to have interest paid to you via electronic funds transfer (EFT) or by cheque either annually or at maturity.

Example: A $100,000 GIC with a 2% interest rate on a 2-year term:

Paid Annually:
The principal amount multiplied by the interest: a $100,000 investment at 2% = $2,000 paid to you each year.

Paid at Maturity:
Year 1: The principal amount multiplied by the interest: a $100,000 investment at 2% = $2,000.
Year 2: The (new) principal amount multiplied by the interest: a $102,000 investment at 2% = $2,040. The total interest owed to you at maturity = $4,040.00

Paid Monthly:
Year 1: The principal amount multiplied by the interest: a $100,000 investment at 2% = $2,000/12 = $166.67/month.
Year 2: Same as above as the principal won’t change.

Reviewing your investment or updating your details is easy with Bridgewater Bank. Just contact us or contact your broker. We’re both here to help.