Non-Redeemable GICs

Right for you if:

  • You want competitive rates
  • You are willing to have your funds locked-in
  • Get a higher return A non-redeemable GIC generally yields a higher return.
  • Choose better rates and increased flexibility
    Pick terms from 30 days to 10 years for non-registered GICs, and 90 days to 5 years for RRSPs/RRIFs.
  • Guaranteed interest rate and security of principal

PLUS:

Available as part of an RRSP, RRIF, TFSA, RESP, RDSP or Non-Registered portfolio.

Minimum investment of $1,000 ($5,000 for monthly interest payments)

Interest payment options ranging from monthly to annually.

Issued by the Bank of Nova Scotia, Montreal Trust Company of Canada, National Trust Company and Scotia Mortgage Corporation.

Can be renewed automatically on maturity.

View current GIC rates

GIC Rate Specials:

1.30%*

1 year special

1.55%*

18 month special

2.00%*

30 month special

2.15%*

5 year special

Pre-book up to 14 days in advance on renewals and new purchases for non-registered plans

Get guaranteed rates for up to 35 days prior to maturity, and 60 days for RRSP/RRIF transfers-in

Option Term Interest Payment Frequency Minimum Investmnt
Short-Term
CDN $		 90-364 days At Maturity $1,000
30-364 days
(Non-Registered)		 At Maturity $5,000
Long-Term1
CDN $
 1-5 years Compounded semi-annually or annually and paid at maturity, paid monthly, semi-annually,or annually2 $1,000
1-10 years
(Non-Registered)		 Compounded semi-annually or annually and paid at maturity, paid monthly, semi-annually, or annually $1,0003
U.S. Dollar 30-364 days
(Non-Registered)		 At Maturity U.S. $1,000
1-5 years
(Non-Registered)		 Paid annually U.S. $1,000

Interested
in buying GICs?

  • PhoneCall one of our Personal Investment Advisors 1(800)953-7441 Mon-Fri (9am-8pm EST)
  • In person Make an appointment at your local branch Find a local branch
  • Online Buy online with Scotia OnLine Sign In
  • * The 1.30% annual interest rate applies only to the Special Rate 1-year GIC, the 1.55% annual interest rate applies only to the Special Rate 18-month GIC, the 2.00% annual interest rate applies only to the Special Rate 30-month GIC and the 2.15% annual interest rate applies only to the Special Rate 5-year GIC which are all Canadian dollar non-redeemable GIC investments. These Special Rate GICs are available within registered, non-registered and TFSA portfolios. Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. Also, interest will be paid/compounded for the leap day in a leap year. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity. The value of a compounded GIC is paid to you on the maturity date. If the maturity date does not fall on a business day then the term of the GIC will be extended to the next business day and interest will be paid to that day. These Special Rate GIC offers are not to be used in conjunction with any other rate bonus or discretionary offers. The Bank of Nova Scotia, Scotia Mortgage Corporation, Montreal Trust Company, and National Trust Company each issue these Special Rate GICs. We reserve the right to change, extend or cancel these offers at any time without prior notice. A $1,000 minimum investment is required.
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  • 1 All Canadian dollar GICs with terms greater than five years and all U.S. dollar GICs are not insured by the Canada Deposit Insurance Corporation or Régie de l'assurance-dépôts du Québec.
  • 2 Equal payments available.
  • 3 $5,000 minimum investment required if monthly interest payments requested