Investment Savings

Redeemable GIC

A fully redeemable investment with guaranteed returns.

Grow your money

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

Rest assured

​​​Your original investment amount (principal) and returns 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. Withdrawals made before the end of your term may reduce the rate of return on your investment.

Key product details

Interest earned See current rates
(non-registered)
1

See current rates (registered)1
RRSPRRIF 
Term 30 days - 5 years
Minimum investment $100, $500 or $1,0002
Redeemable during term Yes
Registered investment options RRSP, RRIF3

Frequently Asked Questions

Yes, you can. The Redeemable GIC can be held as a joint investment between two or more co-signers.

No, but you can invest in a Tax Free Savings Account, which offers similar ease of access to funds. 

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.

Yes. Your original investment must be a minimum of $500 on terms 1 year or greater, or $1,000 on terms less than 1 year. 

Ready to get started?

There are enough risks in life without risking your hard-earned money. Grow your money without losing access with a Redeemable GIC.

Find the retirement investments that work for you.

Need help?

Our Client Care team will be happy to assist.

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