Market-linked GICs are a sort of hybrid investment vehicle: part GIC, part stock market investment. A portion of the money you invest is used to guarantee the initial principal at maturity — it is a fixed income investment. Another portion of the amount invested is invested in the stock market. This can be linked to economic sectors or geographic regions. Market-linked GICs usually have a theme to them, such as focusing on an industry, exclusively national, international, emerging-market stocks, or more recently, responsible investing.
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winwin® FINANCIAL SERVICES GIC
A market-linked term deposit with a guaranteed minimum return and the potential to earn more.
Is this investment account right for you?
Right for you if:
- You prefer an investment with the principal guaranteed
- You do not need to access your money for the entire duration of the term
- You want a guaranteed minimum return and the potential to earn more
Might not be right for you if:
- You want to limit your investment's exposure to stock market movements
- You may need to access your funds prior to maturity
| winwin® FINANCIAL SERVICES market-linked GIC (registered/non-registered)
Rates Effective: 2024-03-19 |
Rate |
|---|---|
| Minimum guaranteed annual rate (3 year) |
3.00
|
| Maximum potential cumulative return (3 year) |
25.00
|
| Minimum guaranteed annual rate (5 year) |
3.00
|
| Maximum potential cumulative return (5 year) |
40.00
|
winwin® Financial Services Account Details
Benefit from the growth potential of eight carefully selected major Canadian financial and insurance institutions without exposure to any market downsides.
- Term: 3 or 5 years
- Minimum deposit: $500
- Non-redeemable
- Available for: Non-Registered, RRSP, TFSA
- No commission or management fees while taking advantage of market potential
How to open your term deposit/GIC
Call us at 1-888-597-6083, visit a branch, or fill out the form below and one of our member advisors will get in touch with you. And if you don't bank with us yet, become a member today.
Frequently Asked Questions
What is a market-linked GIC?
What are the differences between a market-linked GIC and a regular GIC?
Unlike a traditional GIC, a market-linked GIC is tied to a particular stock market index - like financial, healthcare or insurance services - which gives the investor an opportunity to benefit from market gains to a limited maximum.
How has this market-linked GIC performed in the past?
Historical returns provided are for informational purposes, past performance is not indicative of future returns.
| 3-year Terms | maximum potential cumulative return | actual return received by member |
|---|---|---|
| April 6, 2021 - April 8, 2024 | 7.00% | 7.00% |
| Feb 3, 2021 - Feb 5, 2024 | 7.00% | 7.00% |
| Dec 2, 2020 - Dec 4, 2023 | 12.00% | 12.00% |
| Oct 2, 2020 - Oct 2, 2023 | 12.00% | 12.00% |
| Aug 5, 2020 - Aug 8, 2023 | 12.00% | 12.00% |
| Jun 4, 2020 - Jun 7, 2023 | 12.00% | 12.00% |
| Apr 3, 2020 – Apr 3, 2023 | 12.00% | 12.00% |
| Feb 7, 2020 - Feb 7, 2023 | 12.00% | 11.47% |
| Dec 4, 2019 - Dec 5, 2022 | 12.00% | 12.00% |
| Oct 4, 2019 - Oct 5, 2022 | 12.00% | 12.00% |
| Aug 9, 2019 - Aug 9, 2022 | 12.00% | 12.00% |
| Jun 7, 2019 - Jun 7, 2022 | 12.00% | 12.00% |
| 5- year Terms | maximum potential cumulative return | actual return received by member |
|---|---|---|
| April 5, 2019 - April 5, 2024 | 20.00% | 20.00% |
| Feb 6, 2019 - Feb 6, 2024 | 20.00% | 20.00% |
| Dec 7, 2018 - Dec 7, 2023 | 20.00% | 20.00% |
| Oct 4, 2018 - Oct 4, 2023 | 20.00% | 16.24% |
| Aug 8, 2018 - Aug 8, 2023 | 20.00% | 17.85% |
| Jun 7, 2018 - Jun 7, 2023 | 20.00% | 20.00% |
| Apr 4, 2018 – Apr 4, 2023 | 20.00% | 20.00% |
| Feb 9, 2018 - Feb 9, 2023 | 20.00% | 20.00% |
| Dec 7, 2017 - Dec 7, 2022 | 20.00% | 13.54% |
| Oct 4, 2017 - Oct 5, 2022 | 20.00% | 18.84% |
| Aug 11, 2017 - Aug 11, 2022 | 20.00% | 20.00% |
| Jun 7, 2017 - Jun 7, 2022 | 20.00% | 20.00% |
Learn more about GICs (term deposits)
Terms and conditions
® Registered trademark of First West Credit Union
Terms and conditions:
- Historical returns provided are for informational purposes only, past performance is not indicative of future returns.
- This deposit may neither be negotiated nor transferred. No amount in principal shall be redeemed or payable before the date of maturity.
- This deposit and minimum interest accrued on the deposit is 100% guaranteed.
- The interest paid at maturity is subject to a maximum. If the yield of the Securities is higher than the maximum cumulative return at maturity, then the interest paid will match this maximum.
- This deposit may not be hypothecated or given as security.
- Given the features of this kind of investment, you should check with your advisor to make sure that such an investment meets your investment objectives as the investment is not suitable for everyone.
- The above statements and information are for informational purposes only. The information contained above is not complete and is qualified in its entirety by the full terms and conditions of the winwin® term deposit. Please speak with an advisor to review the full terms and conditions of the winwin® term deposit.
*Rates as of the start date communicated in the disclosed promotion period.
The minimum guaranteed annual interest rate is paid out annually and does not compound. This product has a ceiling that determines the maximum return that you may receive at maturity. Terms and conditions apply.
The return of a winwin® term deposit depends on the performance of the index return that it is linked to over a certain time period, the Minimum Guaranteed Return and the Maximum Potential Cumulative Return.
- If the index return is between the Minimum Guaranteed Return and the Maximum Potential Cumulative Return, you will receive the principal plus the index return.
- If the index return is below the Minimum Guaranteed Return, you will receive the principal plus the Minimum Guaranteed Return.
- If the index return is above the Maximum Potential Cumulative Return, you will receive the principal plus the Maximum Potential Cumulative Return.
We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.
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