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Cashable GICs
Get a guaranteed rate and the flexibility to cash out
Guaranteed Investment Certificates (GICs)
Choose the worry-free investment
Types of GIC
Non-Redeemable GICs
Take your savings to the next level
Market Linked GICs
Leverage the power of the stock market while keeping your investment safe.
Celebrate the Lunar New Year with our special GIC rate
388 days | 2.18%
Available for a limited time*.
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).
A bank account that does more, means you will too.
Receive Ultimate and Preferred rates on select Non-Redeemable GICs by signing up for an Ultimate Package or Preferred Package.
Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada.
*
Offer available until February 15, 2020. GIC special rates apply only to non-redeemable GICs and are not applicable to other GICs. Interest rate of 2.18% is the annual interest rate if held to maturity. Scotiabank reserves the right to change rates at any time and without notice. Interest is paid at maturity and accrued daily on your GIC from the issue date up to, but not including, the maturity date. Minimum investment of $500 is required. A maximum investment of $5,000,000 per customer. GICs are non-redeemable and must be held the entire length of the term to guarantee your interest rate. Other terms and conditions apply. This offer may be changed or withdrawn at any time without notice.
1
Formerly Scotia Stock Indexed GIC.
2
Standard and Poor's" and "S&P" are trademarks of The McGraw-Hill Companies and have been licensed for use by The Bank of Nova Scotia and its subsidiary companies. "TSX" is a trademark of The Toronto Stock Exchange and has been licensed for use by The Bank of Nova Scotia and its subsidiary companies. Scotia Stock- Indexed GICs are not sponsored, endorsed, sold or promoted by Standard & Poor's or The Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in these products.
3
The last issue of the Market Powered GIC was issued on January 18, 2011.
†
This is the maximum potential cumulative interest rate over the entire term of the Canadian Growth Equity Powered GIC. At maturity, the interest rate to be earned is calculated and paid within certain predetermined ranges based on the price performance of the underlying basket of shares of Canadian companies. There is no minimum interest rate guarantee and actual interest rate could be as low as 0% over the 2-year term and 3-year term. Minimum investment is $500. These maximum potential interest rates are available from January 16, 2019 – February 12, 2019 and are subject for change. For full details, speak to a Scotiabank advisor or visit www.scotiabank.com/equitypowered. Scotiabank Equity Powered GICs are CDIC eligible.