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No, you do not receive no minimum guaranteed return, but with a set maximum cap fixed-rate GIC, depending on the pays out dividends.
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Bmo fund linked gic | This meant an actual return being paid based on the GIC's minimum return of 3. GICs offer guaranteed returns on your investments over a fixed period of time while protecting the initial investment. My bank is suggesting market-tracking GICs as an investment portfolio for part of my retirement nest egg. These GICs track the markets, offering low risk and some upside potential to investors. Related Articles. This GIC offers the flexibility to cash your investment if you need the funds or another investment opportunity arises. |
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