Instead  of a Home Capital 5 year GIC, I'm doing better with my money in a long corporate bond ETF, which I bought when its unit price was much lower. (I now get a distribution return of close to 4 per cent on that one.). One shouldn't be afraid of putting one's money into a Home Capital GIC, but if the bank were to  go under within the next year or two and CDIC were forced to step in, one might not see the GIC taken over by another institution. It would then get paid out with the interest payable, but also well short of the maturity date. Then one would have to put the money into a GIC elsewhere that pays less or else take one's chances in the stock market. That's the only risk that I can see.