Product

benefits

Protect your principal and guaranteed interest, regardless of market conditions

Earn predictable interest income that can support your business cash flow needs

Choose from short-term or long-term GIC options to support your business investment goals

Select a term length and interest payment option that works for your business

Enjoy the security of a low-risk investment backed by a guaranteed interest rate

Product details

Currency	CAD	USD
Term options	30 days – 5 years 7 or 10 years	Up to 5 years
Interest payment options	Monthly Semi-annually Annually At maturity	Annually: for terms over 1 year At maturity: for terms less than 1 year
Minimum investment amount	$500 $5,000 for monthly payouts	$500 $100,000 for terms less than 30 days
Withdrawal	Funds cannot be withdrawn until the term ends	Funds cannot be withdrawn until the term ends

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Frequently asked

questions

A non-redeemable GIC is a secure investment that protects your principal and provides a guaranteed interest rate for a fixed term. Your business agrees to keep its money invested until maturity. In return, you may earn more interest than with a more flexible GIC option.

No. Scotiabank Non-Redeemable GICs can't be fully or partially redeemed before maturity, except in the event of the owner's death. Your business should only invest money it won't need before the end of the term.

A redeemable GIC gives your business access to its money before maturity, but a lower interest rate applies if you redeem it early. A non-redeemable GIC keeps your money invested until maturity and may offer a higher interest rate in return.

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