Experience the Future of GIC Investing

It will not impact you. Your investments and payments for GICs are made directly with the Financial Institution issuer which will return your principal and interest directly to you at maturity of the GIC. CASHiQ never touches your money at any time during the investment execution process or during the investment period or at maturity so in the event CASHiQ was no longer around, your investment is not affected.

As part of the Government of Canada’s anti-money-laundering and finance of criminal activities law (FINTRAC), all financial institutions are required to identify the individual at time of account opening. If the identification of the account holder is not made ‘face to face’ with a CASHiQ, then “non-face to face” alternatives are permitted which include the “credit-file method” which is a three year credit check that does not affect your credit rating and/or the “dual-process method”, where again your identity (name, address, date of birth etc.) are verified via providing original copies of specific documents issued by a Canadian government body, financial account or other Canadian sources such as specific billings – ie utility or telecommunications billings.

(see FinTrac).

All of your personal on-line information is kept only for the transaction record with the Financial Institution. Your data is stored using the latest encryption techniques used by financial institutions.

GICs can offer higher yields than traditional cash equivalent products – chequing and savings accounts as well as bonds and money market alternatives. You can earn more than equivalent GIC terms with any of the big 5 Canadian banks. CASHiQ is connected to many of the GIC premium rates offered by Financial Institutions across Canada and you can create a customized portfolio of GICs based on your personal preferences and time horizons while optimizing yield.

CASHiQ offers the best GIC rates from many of the insured financial institutions across Canada. You have full flexibility to build your GIC portfolio of your choice within our extensive roster of Financial Institutions.

Most GICs are non-redeemable thereby locking your money into a term deposit investment from 1 to 5 years. This allows the financial institutions to pay you a better rate than most high interest savings accounts. There are redeemable GICs that offer attractive rates however they are slightly less than the non-redeemable rates.

CASHiQ provides you with the digital tools to construct an insured portfolio of GICs that meets your cash surplus or future cash needs so that you maximize the interest earned on your cash.

You can easily link your personal savings or chequing account at any of the major Canadian banks with CASHiQ. You will then be able to quickly fund your GIC purchase(s) electronically via an electronic funds transfer (EFT) from your existing bank account. Proceeds from your GIC maturity will be automatically deposited electronically back into the same existing bank account.