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.
It adds up annually
A CIC allows the investment to earn interest annually, rather than in a lump sum at the end of the term. This interest is compounded over the investment’s lifetime.
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.
Rates can depend on the term and interest frequency you select.
$100 for Generation Account holders, $1,000 for non-registered products.