Business Compound Investment Certificate (CIC)
Make your business money earn interest—then earn on the interest.
Reach your savings goal
With the right initial contribution and interest rate, a fixed-term Business CIC gives you a guaranteed return. No ongoing calculations needed.
Access your interest payout early
A Business CIC allows for interest to be paid out at a monthly, quarterly or annual frequency—rather than in a lump sum at the end of the term.
Compound your business earnings
If you choose to re-invest your interest in your Business CIC (rather than taking it as a payout), you'll continue earning interest on your interest.
Key product details
| Interest earned | Check current rates1 |
| Term range | 1-5 years |
| Minimum investment | $1,000 |
| Cashability | No option to redeem early |
| Registered investment options | Not available for this product |
Frequently Asked Questions
You can't hold a Compound Investment Certificate within a registered plan (such as an RRSP, RRIF, TFSA, or RESP).
A Compound Investment Certificate (CIC) works just like a Guaranteed Investment Certificate (GIC)--with a few differences. Both types of certificate offer guaranteed returns on your investment.
With a CIC, you earn compound interest, which means that you earn interest on your reinvested interest, not just on your principal (the original amount you invested).
And while some GICs are cashable or redeemable before their terms end, you can't get early access the principal in a CIC.
You can, however, access your interest payouts early with a CIC. If you want to withdraw the money instead of reinvesting it to earn more (compounded) interest, that's an option.
Yes, you can. A CIC can be held as a joint investment between two co-signers.
Connect with an expert.
A well-planned fixed-term CIC ensures you meet your cash flow needs. A guaranteed, compounded rate of return means it's a business win-win.
Rates can depend on the term, interest frequency and investment option you select and are subject to change without notice.