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Guaranteed investment certificates (GICs)

Guaranteed return.

Saving in one of our GICs ensures you’ll always make a great return on your investment.

Flexible to fit you.

Not sure if you’ll need the funds? We have options that allow you to redeem before your GIC term ends.

Save your way.

From market-linked and escalator to fixed rate and redeemable, we have a GIC option to suit you.


Grow your savings guaranteed.


Fixed rate GICs

Market-linked GIC – global diversified

Want the security of a standard GIC, while earning more interest? This option’s for you. It uses the securities’ average price on three specific business days to avoid the pain of market fluctuations and help maximize your return.


Key features

•    Your principal investment is 100% guaranteed

•    Offers the potential for significantly higher returns than standard GICs. Read our Market-Linked GIC Performance Report to learn more.

Current offerings

List of rates for MARKET LINKED GIC
3 Year - Financial Services
5%-25% (1.64%-7.72% annualized)
3 Year - Global Diversified
5%-25% (1.64%-7.72% annualized)
5 Year Financial Services
7.5%-Unlimited (1.46%-Unlimited annualized)

To apply, visit your local branch or call 1-866-413-7071.

Escalator GIC

Invest your savings securely and watch your interest climb the longer you leave them.


Key features

  • Term lengths from 3 to 5 years
  • Rates rise each year throughout your term
  • Choose between annual or compounding interest (RRSP and RRIF deposits are always compounding)
  • Redeem all or part of your investment each year on your anniversary date, or up to 7 days after without penalty

Wealth management

Financial planning shouldn’t be cookie-cutter. We help you create a tailored plan that matches your goals.

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Retirement calculator

Try our retirement calculator to work out what your payment plan could look like.
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Our latest & greatest rate.

Designed to meet your everyday needs.
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Creating an investment portfolio.

The hardest part for some people is knowing where to start. But have no fear! We’re here to help you build your very own investment portfolio.
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Grow it your way.

Your RRSP can hold a range of investments, from mutual funds to GICs, creating a custom portfolio to match your goals.
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Flexible to fit you.

Not sure if you’ll need the funds? We have options that allow you to redeem before your GIC term ends.

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Tired of paying tax on investment growth?

Want to learn how to save your money tax-free? Pull up a Muskoka chair as we explain the ins and outs of Tax Free Savings Accounts.
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At Northern Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) with Ontario Credit Unions are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).