All GICs and term deposits we offer our customers come with a guarantee of principal and interest rate. For instance, if you were to purchase a 2 year GIC with a quoted rate of 4%, you get 4% interest for each of the 2 years, even if GIC rates drop during the term. On top of this, your principal and the GIC company we place your GIC with are guaranteed through CDIC, CUDIC or Assuris, depending on the institution. This means you can sleep at night knowing that your GICs and term deposits at Paragon are safe, regardless of market conditions.