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GIC's: Lock in From 1-5 Years

A guaranteed investment to help you reach your savings goals. You'll earn a competitive rate and have the assurance that your deposits are protected up to $250,000 (unlimited for RRSPs, RRIFs & TFSA) through the Deposit Insurance Corporation of Ontario.

GIC Benefits

  • Minimum deposit $1,000.
  • Lock in a great rate for terms of one to five years. Specific maturity dates are available upon request.
  • Interest is paid at maturity for 1-year terms and annually for terms over one year.
  • Non-redeemable prior to maturity.
  • A renewal statement is sent to you quarterly detailing any maturing deposits.
  • No service charges.

* Minimum investment $1,000. Interest paid annually and at maturity (compounded or paid out to account). For monthly interest deduct 0.125 from annual interest rate (minimum $10,000). Quarter Century Members add .25% to posted rate.


Time frame Rate
1 year 2.00%
18 months 2.15%
2 years 2.25%
3 years 2.30%
4 years 2.35%
5 years 2.60%

Get a GIC Today!

416.860.1072 or 1.888.560.2218

"Quarter Century" Members' GIC Bonus Rates!

Members that have been with Member Savings for 25 years plus, receive an extra .25% on all 1 to 5 year rates. Term Deposits, RRSPs, RRIFs and TFSAs are all eligible for this bonus. 

Escalator GIC

New to our investment options, the Escalator GIC is a great way to maximize your return without the fear of losing out on rising interest rates.  Our new 5 year Escalator GIC allows your money to grow more and more each year with the guarantee of increased annual rates.  If rates increase substantially, the plan may be converted to a new GIC of 2 years or greater on the 3rd year anniversary.  The Escalator GIC is an investment offering flexibility, a guaranteed return and is eligible for both unregistered and registered funds (RRSP, RRIFs, TFSAs).

Talk to any one of our member service representatives or investment specialists today and watch your savings grow year after year.

GIC Rate Escalator*

Time frame Rate
1st year 2.10%
2nd year 2.30%
3rd year 2.35%
4th year 2.50%
5th year 3.05%

* Effective rate 2.46%. Quarter Century Members add .25% to posted rate.

Open a new Escalator GIC now!

416.860.1072 or 1.888.560.2218

Index-linked Term Deposits: Guaranteed with a Competitive Rate

Index-linked Term Deposits are a great way to invest in the equity market without risking your principal investment. Unlike regular term deposits or GICs, there is no guaranteed return however your principal investment is never at risk. The return you receive at maturity depends on the performance of the stocks comprising the S&P/TSX 60 Index over the term of the investments.  

If you're looking for an investment that protects your principal, carries no fees or commissions, and has the potential of earning a higher return than a regular term deposit or GIC, then this may be right for you.  

Benefits of Index-linked Term Deposits

  • minimum deposit of $1,000.
  • three or five-year terms available.
  • the interest is paid at maturity based on the performance
    of the S&P/TSX60 over the specific timeframe.
  • early redemption is not allowed.
  • no fees or commissions.
  • RRSP & TFSA eligible.

Get an Index-linked Term Deposit Today – They are RRSP Eligible

416.860.1072 or 1.888.560.2218