Guaranteed Interest Accounts (GIAs)

Competitive Guaranteed Investments

SSQ Insurance's GIAs offer your clients full capital preservation and fixed interest rates that are competitive.

Different terms and options are available:

  • Redeemable
  • Non-redeemable
  • Simple interest rate
  • Compound interest rate

To Obtain a Retirement Income

As part of retirement income plans (RRIFs and Locked-in RRIFs), you can offer your clients two redeemable GIA options:

  • Option 1 permits redemption of GIAs, at no charge, totalling up to 20% of the market value.
  • Option 2 permits periodic and scheduled redemption of GIAs. These transactions are free of charge.

Other Guaranteed Investments

For the specific investment needs of your clients, SSQ Insurance also offers the following GIAs.

Regular GIA

  • 100% capital guarantee
  • Returns are known in advance

SSQ Equity GIA

Laddered GIA

  • Amount invested allocated to different GIAs based on the selected term
  • 100% capital guarantee
  • Single interest rate applied to all GIAs
  • Terms that can spread over 3, 5, 7 or 10 years allow for a portion of the amount to be reinvested each year

High Yield Account

  • Works like a savings account with higher interest rates than traditional savings accounts
  • 100% capital guarantee
  • Variable rate
  • Easy transfers to the other SSQ GIAs and segregated funds

Compare GIAs:

  Minimum contribution Options Plans
Regular GIA $400
  • Redeemable (fees may apply) or non-redeemable
  • From 1 month to 10 years
  • Simple interest rates (for the TFSA and NRSP only) or compound rates
 All
SSQ Equity GIA $5,000
  • Redeemable (fees may apply)
  • Term - 10 years
  • Compound interest rates
  • RRSP
  • Locked-in RRSP
  • NRSP
  • TFSA
Laddered GIA $5,000
  • Redeemable (fees may apply) or non-redeemable
  • Total terms of 3, 5, 7 or 10 years
  • Simple interest rates (for the TFSA and NRSP only) or compound rates
  • RRSP
  • Locked-in RRSP
  • NRSP
  • TFSA
High Yield Account $400
  • Redeemable at any time (fees may apply)
  • Compound interest rates

All
SSQ Equity GIA

Example of Returns: 60% in a GIA and 40% in SSQ guaranteed investment funds (giF)

If your client invests $10,000 in an SSQ Equity GIA, with the option of 60% in a GIA and 40% in SSQ GIFs, the amounts will be allocated as follows:

  • $6,000 in a GIA at an interest rate of 3%
  • $4,000 in SSQ GIFs

On the assumption that the segregated funds yield a compound net annual return of 12%, the SSQ Equity GIA could be worth $20,487 ten years later.

Example of Returns: 40% in a GIA and 60% in ssq guaranteed investment funds (gif)

If your client invests $10,000 in an SSQ Equity GIA, with the option of 40% in a GIA and 60% in SSQ GIFs, the amounts will be allocated as follows:

  • $4,000 in a GIA at an interest rate of 3%
  • $6,000 in SSQ GIFs

On the assumption that the segregated funds yield a compound net annual return of 12%, the SSQ Equity GIA could be worth $24,011 ten years later.

Learn More

Laddered GIA

Reinvestment Example

Your client invests $50,000 in a Laddered GIA for 5 years. From this amount, $10,000 will be invested for 1 year, $10,000 for 2 years, and so on until a term of 5 years. The interest rate of 2% would be the same for all portions.

Each portion will be reinvested at maturity for a 5-year term at the same rate as regular GIAs in effect on that date. GIA laddering will continue on and protect the portfolio from rate fluctuations.

Learn More

Laddered GIA (PDF, 912 kB)

GIA Interest Rate Guarantee

SSQ guarantees the best interest rates to your clients for the time between the rate guarantee request and investment in the GIA.

For more information, please refer to the Request for Interest Rate Guarantee form available on the secure website.

For Registered Plans

The 45-day interest rate guarantee is granted automatically upon receipt of the request for direct transfer of funds between financial institutions.

For Non-Registered Savings Plans (NRSP)

A 45-day interest guarantee is given upon proof of your client's investment.

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