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Home Financial Health Blog Active retirement - the early years Guaranteed Interest Funds: Total security

Guaranteed Interest Funds: Total security

by Tim Weichel

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

Additional information

Guaranteed fund rates

Please call me at 416-230-2703 or 705-798-0062 for the latest rates or to purchase a Guaranteed Interest Fund. 

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