Guaranteed Investment Certificates (GIC)

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.

Featured GIC Rates


On a 24-month term
(annual rate)


Personal Redeemable GICs


On a 12-month term
(annual rate)


Non-Redeemable GIC

10.00%** up to 50.00%

Over a 5-year term;
not an annual rate


Market Linked GIC, Scotiabank Canadian Top 60

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

Non-Redeemable GICs

Take your savings to the next level.

Cashable GICs

Get a guaranteed rate and the flexibility to cash out.

Market Linked GICs

Leverage the power of the stock market while keeping your investment safe.

Personal Redeemable GICs

Have the flexibility to access funds partially or fully as you need them.

How do I choose the right GIC for me?

The right choice of GIC depends on your financial situation, investment goals and time horizon. Please see below for a comparison of our GIC types:

Key feature and needs Cashable GIC/MPSA Personal Redeemable GIC Non-Redeemable GIC Market-linked GIC
Investor’s need Accessibility coupled with competitive rate Accessibility coupled with competitive rate Earn a guaranteed rate of return Keeping pace with inflation
Principal protection
Higher returns
Return Guaranteed
Exposure to market

For example, if you are saving for a new car, a Cashable or Personal Redeemable GIC is a better choice because you have the flexibility to redeem your cash anytime.

In general, less access to your funds will mean higher interest return. Cashable is the most accessible GIC, but will have relatively lower interest rate vs. Market Linked GIC that is least accessible but carries the highest potential interest return.

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.

Build a plan for your future with Scotiabank

Get personalized advice from our team of advisors and investment specialists across Canada. 

Connect with us in a way that’s convenient for you. Scotia advisors are available in every branch to help you understand, plan, and execute the right financial plan.

Monitor your investments digitally with online and mobile banking. Our digital banking guides show you how to take care of your banking using your mobile phone, tablet, or computer.

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Online appointment booking

A quick, easy, and secure way to connect with a Scotiabank advisor matched to your needs.

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Have a question?

We’re ready to give you advice.

Frequently Asked Questions