Guaranteed does not mean available
The guarantee applies to the principal at maturity. It says nothing about your ability to get the money back before that date, which depends solely on whether the product is redeemable.
Your emergency fund does not go here
Money meant to cover the unexpected must be accessible with no delay and no penalty. Putting it in a non-redeemable product trades a slightly better return for the only quality that mattered.
A market-linked return is not the market
In a market-linked GIC, the return follows a contractual formula with a cap, a participation rate, and averaging provisions. A rising market does not translate into an equivalent return.
The three questions
Can I withdraw before maturity, and at what cost? Is the return guaranteed or conditional? And is the product covered by a deposit insurance regime?
No rate, price, or recommendation on this page. Amounts and limits change: verify them with official sources before deciding.