Banking & credit
Savings and GICs for money that has to be safe
Not every dollar belongs in the market. Money with a date on it — a tax bill, a down payment, the next two years of retirement income — belongs somewhere guaranteed.
The options
Registered and non-registered
Tax-Free Savings Account
A TFSA savings account for tax-free growth on reserves and short- to medium-term goals inside your plan.
Learn moreRRSP savings
Registered retirement savings held in cash or GICs, coordinated with your retirement income projections.
Learn moreRRIF
Registered retirement income fund for the drawdown years, set up alongside your income and tax plan.
Learn moreGuaranteed Investment Certificates
Term deposits and GICs for money that has to be safe, guaranteed and dated to a known future need.
Learn moreInvestment Savings Account
A daily-interest holding account for cash between decisions, available registered and non-registered.
Learn moreChoosing between them
We start from the date the money is needed. Anything inside three years generally should not carry market risk, which is what GICs and high-interest savings are for.
The account type follows the tax picture — TFSA for flexibility and tax-free growth, RRSP where the deduction is worth more than the future tax, non-registered once contribution room is used.
In retirement, holding the next couple of years of income in guaranteed form means a market drop does not force you to sell investments at the wrong time.
Structure your savings with an advisor
We match each goal to the right account and the right term.
Banking products are provided by Manulife Bank of Canada. Investco Financial advisors arrange applications and servicing; approval, rates and terms are set by Manulife Bank and are subject to its lending and account criteria.