A fully redeemable investment with guaranteed returns.
Grow your money
Earn guaranteed interest with no fees or redemption penalties.
Low minimum investment
With an initial investment of only $1,000, you can start to make the most of your hard-earned cash.
Withdraw money at any time with no penalty. Withdrawals can be made before the end of your term, but with a lower guaranteed rate of return.
Key product details
|Interest earned||Rates depend on the term and interest frequency you select. Check current rates1
|Term range||All terms from 30/60/90/180/270 days, 1 year, 18 months, and then annually up to 5 years
|Cashability||Can withdraw your cash anytime without penalty with different rates for redemption term
Frequently Asked Questions
If tax benefits are a priority, consider investing instead in a Tax Free Savings Account (TFSA), which offers some of the same access benefits, and is designed to allow income to be generated within the TFSA tax-free.
Your original investment in the Business Redeemable GIC must be a minimum of $1,000.
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 Redeemable 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.