US Dollar Redeemable GIC

Competitive interest and guaranteed returns on US dollars (USD).

Earn USD interest on USD

​​Conducting business in US dollars? Make those dollars earn even more. Take advantage of competitive interest rates in USD.

Choose from flexible terms

Only you know when you'll need access to your US dollars. Leave your money in this GIC for a term that works for you, from 30 days to five years.

Rest assured

Invest safely and securely. You won't lose sleep at night because your original investment and the interest you earn are fully guaranteed.​

Key product details

Interest earned See current rates1
Fees No fees or early redemption penalty.
Term range All terms from 30/60/90/120/180/270 days, 1 year, and then annually up to 5 years
Minimum investment $500 USD or $1,000 USD2
Cashability Redeemable during term

Frequently Asked Questions

The minimum investment is $1,000 USD for terms less than one year and $500 USD for terms one year or greater.

You can redeem at any time without penalty.

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 the specific portions of your term during which you can access your funds.

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 at any point in your term—though how soon you redeem your principal may affect how much interest you earn.

Connect with an expert.

A Business Redeemable US Dollar GIC comes with all the same guarantees as a GIC, but it's designed to grow your US dollars.

Find the right GIC for your business.

Need help?

Our Business Support team will be happy to assist.