Guaranteed Interest Accounts (GIA) are ideal for investors who are looking for capital security.
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.
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.
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.
With interest accumulation, you have two investment options to choose from: