Scotiabank Equity Powered GIC

Consider this GIC if you:

  • Want 100% principal protection.
  • Want the potential to enhance your GIC returns by benefitting from the return potential of equity investments.
  • Want to invest for two years or longer.
  • Want the potential to earn a higher, variable return instead of the guaranteed, fixed return of a traditional GIC.

Plus:

  • Invest for growth or income.
  • Select with or without a minimum guaranteed rate.
  • Issued by The Bank of Nova Scotia, Montreal Trust Company of Canada and National Trust Company.
  • Eligible for CDIC Insurance. Please see CDIC Deposit Insurance Information for further details.CDIC (Canada Deposit Insurance Corporation) Eligibility does not apply to US currency.*

Scotiabank Equity Powered GIC Rates

What is an Equity Powered GIC (EPGIC)?

Learn how EPGICs offer the principal protection of a GIC with the potential to earn more.

Scotiabank Equity Powered GICs at a glance

Canadian Income Canadian Guaranteed Return Canadian Growth American Growth Global Growth
Term in years 2, 3 or 5 2, 3, or 5 2, 3, or 5 2, 3, or 5 2, 3, or 5
Minimum
annual guaranteed interest rate
Paid annually Compounded and paid at maturity None None None
Maximum
potential return*
Paid annually Paid at maturity Paid at maturity Paid at maturity Paid at maturity
Linked to Basket of Canadian Shares Basket of Canadian Shares Basket of Canadian Shares Basket of U.S. Shares Basket of Global Shares
Minimum investment $1,000 (Canadian Dollars Only)
Principal 100% Principal Guarantee
CDIC eligible Yes

Term in years

2,3 or 5

Minimum annual guaranteed interest rate

Paid annually

Maximum potential return*

Paid annually

Linked to

Basket of Canadian Shares

Minimum Investment

$1,000 (Canadian Dollars Only)

Principal

100% Principal Guarantee

CDIC eligible

Yes

Term in years

2,3 or 5

Minimum annual guaranteed interest rate

Compounded and paid at maturity

Maximum potential return*

Paid at maturity

Linked to

Basket of Canadian Shares

Minimum Investment

$1,000 (Canadian Dollars Only)

Principal

100% Principal Guarantee

CDIC eligible

Yes

Term in years

2,3 or 5

Minimum annual guaranteed interest rate

None

Maximum potential return*

Paid at maturity

Linked to

Basket of Canadian Shares

Minimum Investment

$1,000 (Canadian Dollars Only)

Principal

100% Principal Guarantee

CDIC eligible

Yes

Term in years

2,3 or 5

Minimum annual guaranteed interest rate

None

Maximum potential return*

Paid at maturity

Linked to

Basket of U.S. Shares

Minimum Investment

$1,000 (Canadian Dollars Only)

Principal

100% Principal Guarantee

CDIC eligible

Yes

Term in years

2,3 or 5

Minimum annual guaranteed interest rate

None

Maximum potential return*

Paid at maturity

Linked to

Basket of Global Shares

Minimum Investment

$1,000 (Canadian Dollars Only)

Principal

100% Principal Guarantee

CDIC eligible

Yes

How do Equity Powered GICs
compare with other investments?

Scotiabank
Equity Powered GIC
Regular GIC Scotia Stock Indexed GIC Direct Market/Stock Investment
Principal 100%
Guaranteed
Yes Yes Yes No
CDIC eligible Yes Yes Yes No
Can be redeemed? No No No Varies
Offers minimum guaranteed rate? Yes, for Canadian Income and Canadian Guaranteed Return Yes, full rate guarantee No No
Return Calculation Linked to a diversified Basket of Shares Fixed interest rate Linked to the performance of a stock market index Determined by performance of investment

Principal 100% Guaranteed

Yes

CDIC eligible

Yes

Can be redeemed?

No

Offers minimum guaranteed rate?

Yes, for Canadian Income and Canadian Guaranteed Return

Return Calculation

Link to a diversified Basket of Shares

Principal 100% Guaranteed

Yes

CDIC eligible

Yes

Can be redeemed?

No

Offers minimum guaranteed rate?

Yes, full rate guarantee

Return Calculation

Fixed interest rate

Principal 100% Guaranteed

Yes

CDIC eligible

Yes

Can be redeemed?

No

Offers minimum guaranteed rate?

No

Return Calculation

Linked to the performance of a stock market index

Principal 100% Guaranteed

No

CDIC eligible

No

Can be redeemed?

Varies

Offers minimum guaranteed rate?

No

Return Calculation

Determined by performance of investment

I’m ready to apply

What is an Equity Powered GIC (EPGIC)?

Scotiabank Equity Powered GICs

Scotiabank Equity Powered GICs. These smart investment solutions let you enjoy the safety and security of a GIC with the potential to earn more. You get the peace of mind of full principal protection while benefiting from the higher return potential of equity investments. Principal protection means that regardless of what happens in the market, your principal is always protected. That’s just like a traditional GIC. Returns are linked to a diversified basket of shares. All are CDIC eligible. And there are no associated fees. It’s easy to fit into an investment plan customized for you. Visit your nearest branch and talk to a Scotiabank Advisor. You’re richer than you think. Scotiabank.

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