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How to enter a GIC in a Quicken Savings account

How to enter a GIC in a Quicken Savings account?

Comments

  • volvogirl
    volvogirl SuperUser ✭✭✭✭
    What is a GIC?  Most of the posters that answer are US users.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    @volvogirl, a GIC is a "Guaranteed Income Contract", and they exist in the US also.
    @a-adrift, I'd be inclined to enter it as if it were a "Time Deposit" or "Certificate of Deposit" ... but it could also be recorded as an Bond type investment in an Investment account.  My preference would be the investment route.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Rocket J Squirrel
    Rocket J Squirrel SuperUser, Windows Beta ✭✭✭✭✭
    In US Quicken, CD is a built-in Security Type. If that exists in CA Quicken, that's what I'd use. Not a banking account or bond.
    Quicken user since version 2 for DOS, now using QWin Premier Subscription on Win10 Pro.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    @Rocket J Squirrel  I agree with "not a banking account", but I suggested a bond type investment because of the long time frame of GICs.  Essentially forever until you cash it out.
    My late wife had one in an employer sponsored retirement account about 40 years ago.  It was the default, we didn't choose it.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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