GIC Rates

  • Special Offers
  • Rates are provided for information purposes only and are subject to change at any time.
  • The following rates apply to Canadian dollar deposits made in Canada.
  • ^ Interest on early redemptions will be calculated on a daily basis at an early redemption interest rate which is provided in the table above for your reference. If the GIC principal amount is less than $5,000, then the minimum withdrawal amount is $1,000 and the remaining balance must be at least $1,000. If the GIC principal amount is $5,000 or greater, then the minimum withdrawal amount is $1,000 and the remaining balance must be at least $5,000. Note that there may be an adjustment to interest already paid for early redemptions.
  • ^^ This is the annual interest rate if held to maturity.
  • * Rate per annum. Only applicable during the period between the GIC purchase date and the GIC issue date. On the issue date, the interim interest earned is added to the initial investment amount and becomes the GIC issue amount, which is fully guaranteed.
  • † This is the total maximum return potentially available over the full term of the GIC. It is not an annual rate or rate of return. Actual return may be lower. There is no guaranteed rate of return.
  • ** For registered plans the interest payment frequency is at maturity, compounding annually.
  • The Scotia Stock-Indexed GIC (SIGIC) is non-redeemable. The GIC issue amount (the principal amount initially invested plus any interim interest earned until the issue date) and interest, if any, will be paid on the maturity date. Changes to the S&P/TSX 60 Index will affect the amount of the potential interest payable. For SIGICs issued on or after January 13, 2009 and prior to November 20, 2007, potential interest is restricted by the applicable maximum return. For SIGICs issued from November 20, 2007 to January 12, 2009, potential interest is restricted by the applicable participation rate. For more information on this GIC, the S&P/TSX 60 Index, interest calculations and payments, please see the Fact Sheet.
  • The last issues of the US Market and G7 Scotia Stock-Indexed GICs were issued on January 12, 2009.
  • Note: Enquire at your local Scotiabank branch for Non-registered GIC interest rates on terms of 6 to 10 years.