A hands-off investment with guaranteed returns.
Grow your money
Deposit your money for a set term and earn a predictable return at a competitive rate.
Sit back and relax
Your original investment amount (principal) and returns are fully guaranteed, so you don't need to worry about a fluctuating stock market.
Choose your own terms
This GIC is non-cashable during the investment term, so choose a term length that works for you—from 30 days to five years.
Key product details
|Promotion|| Earn up to 1.00% on a 24 month Non-Redeemable GIC1
See other Promotional terms and rates
|Interest earned|| See current rates
See current rates (registered)2
RRSP | TFSA | RRIF | RESP
|Term||30 days - 5 years|
|Minimum investment||$100, $500 or $1,0003|
|Redeemable during term||No|
|Registered investment options||TFSA, RESP, RRSP, RRIF|
Frequently Asked Questions
Yes, you can. The Non-Redeemable GIC can be held as a joint investment between two or more co-signers.
Yes. You can hold a Non-Redeemable GIC within a government-registered investment plan (like a Tax-Free Savings Account (TFSA), a Registered Education Savings Plan (RESP), Registered Retirement Savings Plan (RRSP), or Registered Retirement Income Fund (RRIF)). You'll pay no income tax on the interest you earn within a TFSA; and the interest you earn within an RESP, RRSP or RRIF is tax-deferred, which means you pay income tax on it only when you withdraw it.
Based on the plan you're investing within, maximum investment amounts may apply.
Even though this is called a "non-redeemable" GIC, it can be redeemed in the event of the holder's death—even if the term hasn't ended.
The promotional Non-Redeemable Personal GIC is available in a 12 month, 15 month, 18 month or 24 month Non-Registered GIC. The 12 month, 15 month and 24 month terms are available as a Non-Redeemable RRSP, with the 24 month term also being available as a Cashable RRIF. We reserve the right to change, extend or cancel these promotional GIC rates at any time without notice.
Rates can depend on the term, interest frequency and investment option you select and are subject to change without notice.
$100 for Generation Account holders. For all other investors, $1,000 for non-registered and $500 for registered investments.