Investment Savings

Compound Investment Certificate (CIC)

Make your money earn interest—then earn money on the interest.

Reach your savings goal

​With the right initial contribution and interest rate, a fixed-term CIC gives you a guaranteed return. No ongoing calculations needed.

Choose from flexible compounding options

A CIC allows for interest to be paid onto the investment at a monthly, quarterly or annual frequency—rather than in a lump sum at the end of the term.

Compound your earnings

If you choose to re-invest your interest in your CIC (rather than taking it as a payout), you'll continue earning interest on your interest.

Key product details

Interest earned See current rates1
Term 1-5 years
Minimum investment $100 or $1,0002
Cashable during term No
Registered investment options Not available

Frequently Asked Questions

Yes, you can. A CIC can be held as a joint investment between two co-signers.

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 GIC. If you want to withdraw the money instead of reinvesting it to earn more (compounded) interest, that's an option.

Ready to get started?

There are enough risks in life without risking your hard-earned money. Secure and grow your money with a Compound Investment Certificate.

Need help?

Our Client Care team will be happy to assist.