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.
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.
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, $500 for terms 1 year or greater and $1,000 for terms less than 1 year.