If i were to put in lets say 500$ how much would i receive? no minimum balance over the term that best suits your needs... whether it's 90, 180 or 270 days. Your interest is calculated daily and paid at maturity when your term ends (if you need to cash out early, you waive the interest). At the end of your term, you're free to keep your options open. You can roll over your GIC into another term or transfer it to an ING DIRECT RSP Investment Savings Account. http://www.ingdirect.ca/en/save-invest/rspstgic/index.html