Guaranteed Investment Certificates (GICs)

Available as a registered or non-registered investment, Northern GICs offer a guaranteed return on your money—so there’s no need to guess where the markets are going.


Redeemable GICs are available at 30- to 179-day terms with a minimum balance of $5,000, or longer 180-day to 5-year terms with a $1,000 minimum. There’s no penalty for cancelling within the first 30 days, and a penalty of 50% of interest paid thereafter.

Non-Redeemable GICs are available in terms of 1 to 5 years and require a minimum balance of $1,000. Unlike Redeemable GICs, these investments are locked in until the term is complete, but the trade-off is a higher interest rate.


  • No fees
  • Completely secure
  • Choice of redeemable or non-redeemable
  • Guaranteed interest rate paid annually or semi-annually
  • Withdraw or reinvest your earnings at the end of the term


Balancing risk and reward is one of the biggest challenges an investor faces. Our Market Secure GICs reduce your risk by protecting 100% of your principal investment, while maintaining the potential for excellent returns.


  • Rate of return based on the performance of Canada’s 60 best companies (the S&P/TSX 60
  • 100% protection of your principal investment through Northern Credit Union Deposit Insurance
  • No commissions, management or administration fees
  • Available in 3 or 5-year terms with a minimum investment of $1,000

Please visit your local branch or call 1-866-413-7071 to talk to a Northern Advisor. Click here for hours of operation.