Let's talk about...Guaranteed Interest Accounts
Guaranteed Interest Accounts (GIA) are ideal for investors who are looking for capital security.
What is a Guaranteed Interest Account?
Similar to Guaranteed Interest Certificates (GIC) offered by banks, a GIA which is issued by an insurance company pays a predetermined interest rate on the entire value of the original investment for a set period of time and are ideal for those looking for capital security.
The benefits of a GIA
As the name suggests, a GIA provides guaranteed interest on your investment. Regardless of market conditions, your investment will continue to provide a steady return, significantly reducing risk.
ivari offers a range of GIA options with the following features and benefits:
- Guaranteed rates of return
- Estate planning
- Security of principal
- Redeemable/non-redeemable option
- A wide choice of terms and investment options
- Potential creditor protection
- Protected by Assuris, up to limits set by Assuris. More information on the coverage can be found at assuris.ca
Harvest
Harvest is a GIA contract that pays the simple interest earned to the owner at monthly, quarterly, semi-annual or annual intervals. Harvest requires a $10,000 minimum deposit and can only be held as a non-registered investment.
Interest Accumulation GIAs
With interest accumulation, you have two investment options to choose from:
a) GIA (Guaranteed Interest Account)
- Available as redeemable or non-redeemable
- Earns an interest rate that is guaranteed for the term selected
- Interest is compounded
- $1,000 minimum deposit required
b) DIA (Daily Interest Account)
- Earns a simple rate of interest that fluctuates daily
- Allows you to access funds at any time without fees.
- $500 minimum deposit required
- ivari is the issuer of the Guaranteed Interest Contracts.