A fixed-term, cashable investment with guaranteed returns.

Grow your funds

Deposit your money for a defined period of time and earn a predictable return—it's investing with minimal risk.

Rest assured

​​​Your original investment amount (principal) and return are fully guaranteed, so you don't need to worry about a fluctuating stock market.

Have easy access

​​​Withdraw money at any time with no penalty, offering you the flexibility to meet unforeseen expenses or financial emergencies.

Key product details

Interest earned See current rates
See current rates (registered)1
Term 1-5 years
Minimum investment $100, $500 or $10002
Maximum investment May apply if held within a registered plan3
Redeemable during term Yes4
Registered investment options TFSA5, RRIF

Frequently Asked Questions

Yes, you can. The Cashable GIC can be held jointly as the non-registered investment under multiple names.

You can invest with a non-registered Cashable GIC, or you can go for one of our registered investments by investing in a TFSA or RRIF. The TFSA and non-registered Cashable GIC are available for 1 year terms, and the RRIF is available for terms between 1-5 years. How you choose to invest all depends on your goals.

Non-Registered Investments, TFSAs & RRIFs

See current rates (non-registered)

TFSAs (See current rates)
If you have a TFSA, any money earned or withdrawn is non-taxable—that is, all interest, dividends or capital gains earned are tax free. If you withdraw an amount from our TFSA, you can re-contribute that same amount the following year or any year after that.

Registered Investments (See current rates)
With an RRIF, you'll be making annual withdrawals. While there are regulations governing the minimum amount you must withdraw, the actual amount will depend on a variety of factors. ATB advisors can help you make the right decisions. Amounts withdrawn in excess of the minimum amount will be subject to withholding tax at the same rates applicable to RRSP withdrawals. If you withdraw early, you'll receive a pro-rated interest rate based on the length of time you've invested in your RRIF.

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 for the required term.

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—though how soon you redeem your principal may affect how much interest you earn.

You can certainly use both an RRSP and RRIF in your investment journey. What you should be aware of is that your RRSP has to be closed by December 31 of the year you turn 71. What should you do with your investment then?

Convert your RRSP into a RRIF to avoid a large tax bill and to start enjoying your retirement. While the required minimum annual payment needs to be taken out, your money still accumulates tax-free until it's withdrawn and if you choose the Cashable GIC RRIF, you get the safety and security that come with investing in a GIC. The full amount of your original investment amount (the principal) and the interest you earn are fully guaranteed.

Ready to get started?

ATB's Cashable GIC. A smart investment to help you grow your money—safely and predictably.

Need help?

Our Client Care team will be happy to assist.