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How long do I have to renew an expired GIC?
Submitted by: – Rejean
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Our response:
A Guaranteed Investment Certificate (GIC) is an investment made for a limited term such as 6 months, 1 year, 2 years or up to 10 years. The term ends on the maturity date. Generally, GICs renew automatically unless you inform your institution prior to its renewal. If a GIC has expired a new GIC under new terms would need to be considered.
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