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Earn a higher return with GIC Laddering

While you may be tempted to keep your money in a high-interest savings account, watching the interest rate movements for that right moment to invest in a GIC, there is a better solution.

You can choose to continuously invest your savings at the highest interest rate available. It is called a GIC Laddering Strategy and it is quite simple to do. This is how it works:
1. Separate the funds you want to invest into 5 equal amounts.

Invest 1/5 of your investment total in each of : 1 year GIC, 2 year GIC, 3 year GIC, 4 year GIC and 5 year GIC.

This is what your GIC investment portfolio will look like in Year 1:
1 Year GIC
2 Year GIC
3 Year GIC
4 Year GIC
5 Year GIC
2. Each year, one GIC matures and you reinvest the total in a 5 year GIC.

This ensures that you are consistently investing in the highest GIC rate (i.e. 5 year term) and that you have funds maturing every year in case you need the funds.

By laddering your GICs:

You are continuously investing in the highest GIC rate available, which will increase the return on your savings. Over time, you will earn a higher average rate of return than if you continuously invested in 1 Year GICs, for example


Your investment is guaranteed and your interest rate is fixed. This means you’ll know precisely how much interest you will earn and the GIC is guaranteed with limit by the Deposit Guarantee Corporation of Manitoba.


You will have one GIC maturing every year, providing you with liquid funds in case you need.

Are you an Achieva customer?

Log in to Achieva Online Banking and go to the “GIC Centre” to transfer your savings over to GICs. (Select “RRSP Centre” or “TFSA Centre” to transfer savings to registered GICs). Or contact our Customer Service Centre who would be happy to assist you.

Are you new to

Open your account in minutes, start to finish, using our Achieva Mobile App. Then log in to Achieva Online Banking and go to the “GIC Centre” to transfer your savings over to GICs.