{"id":42616,"date":"2021-03-06T13:38:17","date_gmt":"2021-03-06T18:38:17","guid":{"rendered":"https:\/\/wawa-news.com\/?p=42616"},"modified":"2021-03-06T13:38:17","modified_gmt":"2021-03-06T18:38:17","slug":"a-closer-look-at-guaranteed-investment-certificates","status":"publish","type":"post","link":"https:\/\/wawa-news.com\/index.php\/2021\/03\/06\/a-closer-look-at-guaranteed-investment-certificates\/","title":{"rendered":"A closer look at Guaranteed Investment Certificates"},"content":{"rendered":"<p><a href=\"https:\/\/wawa-news.com\/wp-content\/uploads\/2021\/03\/Guarenteed-e1615055784250.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-42617\" src=\"https:\/\/wawa-news.com\/wp-content\/uploads\/2021\/03\/Guarenteed-600x448.png\" alt=\"\" width=\"600\" height=\"448\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Investors may have the impression that they pay no fees when investing in Guaranteed Investment Certificates (GICs).<\/p>\n<p>The truth is that the interest you are paid on a GIC is much less than what the bank earns when your money is invested in loans or mortgages.<\/p>\n<p>The difference that the bank retains is referred to as the \u201cspread\u201d. The money earned on the spread helps the bank cover its costs and make a profit. So, even though there is no fee when you buy a GIC, the bank still makes money using your money.<\/p>\n<p>For more information about Guaranteed Investment Certificates:<\/p>\n<p><strong>Curtis F. Dudley<\/strong><\/p>\n<p><strong>Registered Retirement Consultant, Certified Financial Planning Professional <\/strong><\/p>\n<p>Financial Consultant, Mutual Funds Representative,<\/p>\n<p>100-1113 Jade Crt. Thunder Bay, ON P7B 6M7<\/p>\n<p><strong>Tel<\/strong> (807) 345-6363\u00a0 | <strong>Fax<\/strong> (807) 345-0741 | <strong>Mobile<\/strong> (807) 472-8552 | <strong>Toll Free<\/strong> (800) 465-3923<\/p>\n<p><a href=\"mailto:curtis.dudley@ig.ca\">curtis.dudley@ig.ca<\/a> | <a href=\"https:\/\/www.investorsgroup.com\/en\">investorsgroup.com<\/a><\/p>\n<p>Investors Group Financial Services Inc.<br \/>\n<strong>Member of the Power Financial Corporation Group of Companies<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Investors may have the impression that they pay no fees when investing in Guaranteed Investment Certificates (GICs). The truth is that the interest you are paid on a GIC is much less than what the bank earns when your money is invested in loans or mortgages. The difference that the bank retains is referred &#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-42616","post","type-post","status-publish","format-standard","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-04-26 08:49:46","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/42616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=42616"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/42616\/revisions"}],"predecessor-version":[{"id":42618,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/42616\/revisions\/42618"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=42616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=42616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=42616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}