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Trending searchesAccess your funds before maturity (at a reduced rate)1 if your business needs change
Earn interest income to help your business cash flow
Support your short-term and long-term business investment goals
Benefit from the liquidity while earning competitive interest
| Currency | CAD and USD |
|---|---|
| Term options | 1 to 5 years |
| Withdrawal | Funds can be withdrawn before maturity (at a reduced rate)1 |
| Additional details |
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A redeemable GIC is a secure investment that protects your principal and gives your business access to its money before maturity. If you redeem your GIC early, you'll earn a lower interest rate than if you keep it until maturity.
Both options give your business access to its money before maturity. A cashable GIC can be redeemed after 30 days while still earning the full interest rate for the time your money was invested. A redeemable GIC can also be redeemed before maturity, but a lower interest rate applies if you redeem it early.
A redeemable GIC gives your business a guaranteed return and the flexibility to access its money before maturity. The trade-off is that you'll earn a lower interest rate if you redeem your GIC early. If your goal is to earn the highest available guaranteed rate, a non-redeemable GIC may be a better fit.
If you redeem your GIC before maturity, a reduced interest rate will apply. The interest rate paid depends on when the GIC is redeemed. Please speak with a Business Advisor for details.
