Banking products

Chequing account

A chequing account is an account created to conduct and manage ongoing transactions, whether they are purchases, deposits, bill payments or fund transfers.


GICs are guaranteed investment certificates issued by financial institutions. They consist of loans granted for a period ranging from 30 days to 10 years.

Advantages of a GIC

The guaranteed investment certificates usually produce a fixed interest rate, except for certain GICs for which interest can fluctuate, according to a stock market index, for example. While GICs must be held until maturity, some may be redeemed on demand, with penalties.

Interest generated by a GIC may be compound or regular (paid periodically to the investor).