A fixed-term, cashable investment with guaranteed returns.
Grow your business funds
Deposit your money for a limited period of time and earn a predictable return. It's minimal risk investing with the option to cash in without penalty.
Your original investment amount (principal) and return are fully guaranteed, so you don't need to worry about a fluctuating stock market.
Earn guaranteed interest
Need to withdraw earlier than the 1-year term? There's no penalty to do so but you'll get a lower (still guaranteed) rate of return.
Frequently Asked Questions
When you cash a GIC, you get your principal back along with interest earned at the GIC's standard rate. That means that if you have a GIC designed to be 'cashable' before the end of its term, your principal earns full interest for as long as the money remains in your GIC.
Some cashable GICs have restrictions on specific portions of your term during which you can access your funds at the full rate of return.
When you have a GIC designed to be 'redeemable' before the end of its term, you can still get your full principal back, but with interest earned at a lower rate than if you left your principal in the GIC for the full term.
Redeemable GICs are typically redeemable in any point in your term—though how soon you redeem your principal may affect how much interest you earn.
Yes, you can. The Business Cashable GIC can be held as a joint investment between two co-signers.
Rates can depend on the term, interest frequency and investment option you select and are subject to change without notice.
Non-registered product. Also referred to as a Fixed Date Deposit.
This product is for Business & Agriculture clients only.