Guaranteed Investment Certificates (GICs) for business

What's a Guaranteed Investment Certificate for business?

GICs for business are low-risk investments that guarantee a fixed return for your business savings.

What is it for?

GICs for business are perfect for securing steady income on the surplus funds that your business doesn’t need immediately. For example, you can invest excess cash while planning a future expense, like purchasing equipment or expanding your workspace.

How it works?

You choose a term and amount to invest, and the funds are locked in until maturity. At the end of the term, you’ll receive your initial deposit plus a guaranteed fixed return. It’s a straightforward and secure way to make your business funds work for you.

Get to know GICs for business

Term

1 to 5 years

Minimal investment

No minimum investment requirement

Interest rates

Guaranteed fixed rates higher than traditional savings accounts

Withdrawal options

Early withdrawals for specific terms

Security

Fully insured investments

Renewal option

Automatic or manual renewal at maturity

Eligible businesses

For small and large businesses

Interest payment

Options of monthly or annual payouts

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Invest in two currencies

CAD GICs

Grow your savings with a secure and predictable investment in Canadian dollars. Enjoy guaranteed returns to plan your financial future with confidence.

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USD GICs

Diversify your investments with a stable, interest-earning option in US dollars. Perfect for those looking to save in a foreign currency while ensuring reliable, guaranteed growth.

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Featured rates

Term	CAD GICs	US dollar GIC
1 year	3.15%	1.25%
2 years	3.25%	1.35%
3 years	3.20%	1.50%
4 years	3.20%	1.75%
5 years	3.30%	2.00%

Download all rates in PDF

Simple process,
higher returns

Please note!

Each application is unique with it’s own circumstances. For your individual case we advise you to speak to our Financial Services Officers

Check your business eligibility

Verify your business meets our term deposit requirements:

Registered Canadian businesses
Incorporated companies
Sole proprietorships
Partnerships with valid business registration
Minimum 6 months of business operation history

Provide documentation

Government-issued business registration document
Valid government ID for primary business owner, recent financial statements (last 3-6 months), proof of business address
Tax identification number

Select GIC term & amount

Select your ideal GIC by considering your business financial goals. Choose from flexible terms ranging from 30 days to 36 months, with minimum deposits starting at $10,000.

Submit application

Complete the process online via our secure online marketplace, visit one of the BCU Financial branches in person, or schedule an appointment with a dedicated business banking advisor who can guide you through each step.

Confirm and fund

After selecting your GIC, review the final agreement carefully. Transfer funds from your business account to activate the GIC. Once completed, you’ll receive an official Guaranteed Investment Certificate.

Please note!

Each application is unique with it’s own circumstances. For your individual case we advise you to speak to our Financial Services Officers

Secure your business growth
with GICs for business

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Book an appointment

Questions? We got answers!

Browse more FAQs

Can I access my funds before the GIC term ends?

Most GICs are non-redeemable until the term ends, but some flexible options allow early access with possible penalties. Whether a GIC is cashable earlier or not and at what rate is specifically stated in the terms & conditions. It’s best to check the specific terms of your GIC to see if early withdrawals are allowed.

How are interest rates determined for business GICs?

Interest rates for business GICs are based on market conditions and the term length you choose. Generally, longer terms offer higher rates, and rates may vary over time. Contact us to check the latest rates and find the best option for your business.

Are business GICs insured or protected?

The Financial Services Regulatory Authority of Ontario (FSRA) provides deposit insurance for credit unions through the Deposit Insurance Reserve Fund (DIRF), guaranteeing up to $250,000 for non-registered accounts and unlimited coverage for registered accounts.

Can multiple businesses or partners invest in a single GIC?

Yes, multiple businesses or partners can invest in a single GIC as long as the account is set up accordingly. All parties involved must meet the necessary requirements and provide the required documentation.

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