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
Security of principal
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 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.