A Guaranteed Interest Fund, offered by insurance companies, is a secure investment that grows your money at a guaranteed rate of interest for a fixed period. It is ideal for investors looking for capital security. These funds are similar to guaranteed investment certificates (GICs) offered by banks but with the following unique characteristics:
Advantages and characteristics
- Offer a fixed and guaranteed interest rate for the term of the investment, offering a 100% guarantee of your capital at maturity or upon death.
- Bypasses the Will and Probate if a beneficiary is named
- Available at competitive rates for terms of 1 month, 1 to 5 years and 10 years.
- Offer protection against creditors.
- May be purchased as a RRSP, TFSA, LIRA, RRIF, LIF or non-registered savings plan.
- Deposits insured up to $100,000 by Assuris
Please call me at 416-230-2703 or 705-798-0062 for the latest rates or to purchase a Guaranteed Interest Fund.