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GICs are available to any Canadian resident age 18 and older with a Social Insurance Number.
The initial deposit must be $1,000 or more.
Your initial investment is split equally into 1-year, 2-year, 3-year, 4-year, and 5-year investments. You’ll be able to access your shorter-term investments should you need the money while your longer-term investments earn you more interest. It combines the benefit of access to cash without penalty and getting the most interest on your investment.