Market Index GIC

With an historical 6.89%* return.

Is it time to consider your short or long-term goals? It may be time to have a Service Chat about saving for your future. We have a variety of investment options to meet all your needs. So whatever type of relationship you’re looking for… we can help.

When you come in for your Service Chat, we'll listen to you. We'll take the time to understand your goals and aspirations for the future. Then we'll recommend solutions that are in your best interest, like a Market Index GIC.

A Market Index GIC taps into the earning potential of the S&P/TSX 60**stock market index and is a great choice if you have the time to let your investment grow.

With a Market Index GIC you get:

The potential for a higher return based on the S&P/TSX 60 stock market index.
A 3-year Market Index GIC with a 50% participation rate or a 5-year Market Index GIC with a great 100% participation rate.
Participation rates that are higher than the big banks. The higher the participation rate, the higher your potential return.
No limit on the return you could receive.
An investment that is fully protected! Unlike mutual funds your initial investment is guaranteed.

5-year historical rates:

6.89% (for maturity as at April 21, 2010)
6.32% (for maturity as at March 10, 2010)
7.46% (for maturity as at January 27, 2010)

Note: Historical rates are not indicative of future returns.

Please note: The Market Index GIC is not cashable until maturity.

Don't forget, all registered savings plans at FirstOntario are now covered by unlimited deposit insurance***. Please call us at 1-800-616-8878 to go over just why FirstOntario is worth breaking up with your big bank for.

*For 5 Year Market Index GIC maturity as at April 21, 2010. Historical rates are not indicative of future performance.
**The S&P/TSX is a registered trademark of Standard & Poor's, a division of the McGraw-Hill Companies, Inc. The TSE index name is a trademark of the Toronto Stock Exchange.

***Deposits insured by the Deposit Insurance Corporation of Ontario. Deposits in registered savings plans are fully insured. All other deposits are insured up to $100,000.