Guaranteed Investment Certificates (GIC)

Choose the worry-free investment

Let’s recommend a GIC for you

The interactive tool below is a great way to help you identify the GIC that best suits your goals and needs.

  • Investment Goals
  • Investment Needs
  • Recommendation
How much would you like to invest? The minimum investment for GICs is $1,000. For amounts less than $1,000, we suggest investing in a savings account using our Savings Selector.

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Tell us about your investment goal. Do you want to:
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Will your investment be held within a Registered Plan?
When will you need to use your investment’s funds?
You’ll be able to access your funds: When would you like to access your investment’s funds?
This GIC will give you: What is the most important feature to you in a GIC?
Do you prefer annual interest payments or only at maturity?
Which of the following are you most comfortable having your investment returns linked to?

Your recommendation

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Why Choose a Scotiabank GIC?

When you invest in a GIC you’re guaranteed to get your principal investment amount back. Plus, traditional GICs offer a fixed interest rate so you know how much you’ll earn.

  • Stay safe and secure
    Your principal investment amount is 100% guaranteed.
  • Customize your solution
    You can choose the term you want, a fixed or variable interest rate and you can even opt to lock in your money or access it at anytime.
  • Save on taxes
    Reduce taxes by holding your GIC within a Registered Plan, such as your Registered Retirement Savings Plan (RRSP) or your Tax-Free Savings Account (TFSA).

Types of GIC

Traditional GIC

Simply choose your term and you’ll earn a fixed interest rate for that term.

Non-redeemable GIC Cashable GIC

Market-Linked GIC

Your rate of return is linked to the performance of the stock market. That means, you have the possibility of earning a higher return while still guaranteeing your principal.

Equity powered GIC Scotiabank Index Powered GIC