Guaranteed Investment Contracts (GIC): What It Is and How It Works?
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YouTubeSimple Explain
Guaranteed Investment Contracts (GIC): What It Is and How It Works?
A guaranteed investment contract (GIC) is an agreement between an investor and an insurance company, typically used in retirement plans. The insurer guarantees the investor a certain rate of return in exchange for holding the deposit for a specified period. GICs typically appeal to investors who are either risk averse or looking for a ...
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Savings in banks offering high interest rates for saving certificate bonds seems like a great deal of guaranteed safe returns on your money that other types of investment cannot offer, that is precisely what many may think. But before you invest into a savings certificate for 3 years, learn more about what the real interest rate you would be getting is, and then compare to the safest investments markets have to offer to know where you should really put your money in-order to guarantee high and s
0:13
Savings in banks offering high interest rates for saving certificate bonds seems like a great deal of guaranteed safe returns on your money that other types of investment cannot offer, that is precisely what many may think. But before you invest into a savings certificate for 3 years, learn more about what the real interest rate you would be getting is, and then compare to the safest investments markets have to offer to know where you should really put your money in-order to guarantee high and s
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