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GIC Investment Requirements: Minimums and Limits
GICs typically require a minimum deposit of $500, with some requiring $1,000 or more and no upper limit. LifeBuzz explains that larger deposits may access higher rates, capped by CDIC coverage at $100,000. Coordinating investments with life insurance planning maximizes protection and returns for Canadians.
#LifeBuzz #GIC #LifeInsurance #MinimumDeposit #InvestmentLimits
GICs typically require a minimum deposit of $500, with some requiring $1,000 or more and no upper limit. LifeBuzz explains that larger deposits may access higher rates, capped by CDIC coverage at $100,000. Coordinating investments with life insurance planning maximizes protection and returns for Canadians.
#LifeBuzz #GIC #LifeInsurance #MinimumDeposit #InvestmentLimits
