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View Full Version : What's the difference between a Certificate of Deposit and a GIC


majesus
Dec 7th, 2006, 03:13 PM
It seems, that Canada: GIC
In US: CD
But pretty much the same thing.

But I am very curious to know and I thank you for answering my question.
Cheers,
Maj :)
John_In_Vancouver
Dec 7th, 2006, 04:46 PM
It seems, that Canada: GIC
In US: CD
But pretty much the same thing.

But I am very curious to know and I thank you for answering my question.
Cheers,
Maj :)

Except for the name, I believe they are the same.
majesus
Dec 7th, 2006, 06:57 PM
That's what I think. Just wanted to confirm... as I didn't see anything that said so, when I googled it.