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.
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.
Save and earn
RRSP Daily Interest Account
This account is an easy and affordable way to save for retirement by making regular contributions with tax deferral benefits.
Invest for a fixed term
Non-Redeemable GIC
Feel secure knowing your returns are guaranteed. With available terms from 30 days to 5 years, select one that's right for your retirement goals.
Invest with access
Redeemable GIC
A guaranteed investment certificate with an option to redeem before your term ends. Within an RRSP, your retirement savings grow tax-free.
Invest by year
Springboard GIC®
A GIC with flexible terms and reliable returns. Redeemable annually—invest within an RRSP or TFSA to grow your savings tax-free.
Invest for sure and steady growth
Compass™ Balanced Growth Portfolio
Weather market fluctuations with a diverse group of equities balancing low-to-medium-risk investments designed for stable growth.
Invest for stable, steady returns
Compass™ Conservative Portfolio
Get a high percentage of fixed-income securities plus a small exposure to equity to help shield you from market fluctuations.
Invest for income and steady growth
Compass™ Conservative Balanced Portfolio
Build income and capital appreciation with fixed-income investments and a small exposure to equity for steady growth potential.
Invest for the long haul
Compass™ Balanced Portfolio
Balance risk and reward with longer-term, lower-risk income investments that produce modest, stable returns.
Invest for higher equity, higher rewards
Compass™ Growth Portfolio
Play the long game with a collection of Canadian and international equities with higher risk and higher potential returns.
Invest for the greatest potential growth
Compass™ Maximum Growth Portfolio
Invest in an internationally-diversified group of equities offering the highest potential growth of any Compass Portfolio.
Invest in fixed-income securities
Fixed Income Pool
Enjoy a steady stream of income with modest growth aimed at preserving your savings.
Invest in Canadian equities
Canadian Equity Pool
Round out your portfolio with Canadian equities. Customize the balance of your investments and your exposure to Canadian markets.
Invest in US equities
US Equity Pool
Round out your portfolio with US equities. Customize the balance of your investments and your exposure to US markets.
Invest in international equities
International Equity Pool
Invest beyond borders with international equities. Customize the balance of your investments and your exposure to global markets.
Invest with access
Redeemable GIC
On conversion of your mature RRSP into a RRIF, you get the access of a Redeemable GIC—while your savings accumulate tax-free.
Invest for stable, steady returns
Compass™ Conservative Portfolio
Get a high percentage of fixed-income securities plus a small exposure to equity to help shield you from market fluctuations.
Invest for income and steady growth
Compass™ Conservative Balanced Portfolio
Build income and capital appreciation with fixed-income investments and a small exposure to equity for steady growth potential.
Invest for a fixed term
Non-Redeemable GIC
On conversion of a mature RRSP into a RRIF, you'll continue earning guaranteed, tax-deferred interest on your savings to term.
Invest with more access
Cashable GIC
Pay no penalty for early withdrawals offering you flexibility to meet unforeseen expenses. Grow savings tax-free in a RRIF.
Invest for the long haul
Compass™ Balanced Portfolio
Balance risk and reward with longer-term, lower-risk income investments that produce modest, stable returns.
Invest for sure and steady growth
Compass™ Balanced Growth Portfolio
Weather market fluctuations with a diverse group of equities balancing low-to-medium-risk investments designed for stable growth.
Invest for higher equity, higher rewards
Compass™ Growth Portfolio
Play the long game with a collection of Canadian and international equities with higher risk and higher potential returns.
Invest for the greatest potential growth
Compass™ Maximum Growth Portfolio
Invest in an internationally-diversified group of equities offering the highest potential growth of any Compass Portfolio.
Invest in fixed-income securities
Fixed Income Pool
Enjoy a steady stream of income with modest growth aimed at preserving your savings.
Invest in Canadian equities
Canadian Equity Pool
Round out your portfolio with Canadian equities. Customize the balance of your investments and your exposure to Canadian markets.
Invest in US equities
US Equity Pool
Round out your portfolio with US equities. Customize the balance of your investments and your exposure to US markets.
Invest in international equities
International Equity Pool
Invest beyond borders with international equities. Customize the balance of your investments and your exposure to global markets.
Rates can depend on the term and interest frequency you select.
$100 for Generation Account holders. For all other investors, when purchasing a non-registered investment, $500 for terms 1-year or greater and $1,000 for terms less than 1-year; $500 when purchasing a registered investment.
RRIF and RRSP investments are available for 1-5 year terms.