Hello. I was just browsing my bank's GICs and I noticed that they offered this class of GICs. Based on the name, I think the GIC's rate of return is variable, that it depends on how well the market does (or doesn't). But you will never lose your principle, no matter how poorly the market performs. I am guessing that with this type of GICs, you will make more money in a bull market but will do poorer in a bear market, compared to a regular old-fashioned GIC.

But I like the fact that the principle is guaranteed. And the ability to participate in the stock market is nice. Just wondering if anybody here has experience with these equity-linked GICs and whether they are as good as they sound. Thanks.

This post was edited by JessiWan on Oct 25 2023 03:12pm

Never but are you from canada?
the one thing i know is from canada let says they says the max interest you can have is 20% and your term is 5 year
well its not 20% a year its like 4 % a year
they dont show the number yearly but for the term...
if your not in canada you can maybee ignore this,,, but double check to be sure