Guaranteed Interest Account

This article is a stub. Please improve this article if you can, or talk about solutions on the discussion page.

A Guaranteed Interest Account or GIA, like a GIC, offers a range of holding periods, from one to five years, during which the posted interest rate is guaranteed. Because GIAs are offered by insurance companies, they are not guaranteed in the event of issuer insolvency by the Canada Deposit Insurance Corporation (CDIC). That role falls to Assuris, which, like CDIC, levies premiums on member institutions to provide a backstop for customer accounts, including life insurance policies.