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

Specialty GIC

Need more flexibility? Want to take advantage of higher interest rates? Specialty GICs are designed to meet your unique investing needs.

The Ultimate Laddered GIC