is there a downside to the canadian guaranteed investment certificate 
canada s guaranteed investment certificates are among the safest and most reliable investment choices their investors can be very confident that their money will be returned and the promised interest will be paid that said nobody is going to double their money investing in gics you re choosing safety over the potential for higher returns on your investments the bottom lineguaranteed investment certificates issued by banks in canada are a relatively safe way to build savings they are government insured and deliver a steady if unspectacular return on investment gics are primarily used by retirees seeking a steady stream of income and by savers of all ages working towards a specific financial goal 