Scotiabank Market Linked GICs

Principal protection plus the potential to earn more.

Is this Guaranteed Investment Certificate (GIC) right for you?

Right for you if you:

  • Prefer an investment with principal guaranteed
  • Want a guaranteed minimum return and the potential to earn more based on equity index performance

May not be right for you if you:

  • Need a higher guaranteed interest rate
  • May need access to your investment prior to maturity  

GICs shield investment image

Scotiabank Market Linked GICs give you the best of both worlds:

a guaranteed minimum return and the potential to earn more based on equity index performance. 

Reasons to choose a Market Linked GIC    

No fees

100% principal guaranteed
CDIC eligible*

Low minimum investment of $500
2,3 and 5 year terms available

Returns linked to the performance of an underlying index

Scotiabank Canadian Top 60

Consists of the 60 largest and most traded stocks listed on the Toronto Stock Exchange (TSX). They are usually domestic or multinational industry leaders.

Scotiabank U.S. Top 500

Comprised of the 500 largest U.S. publicly traded companies.

Scotiabank Canadian Low Volatility Index

Designed to measure the performance of the 50 least volatile stocks within the S&P/TSX Composite.

Scotiabank Canadian Utilities

Comprised of the major utility companies within the S&P/TSX Composite Index.

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.

Choose from four kinds of Market Linked GICs    

All Market Linked GICs are eligible for non-registered, RESP, RRSP, RRIF, RDSP, and TFSA plans. Minimum investment is $500.

Ready to buy a Scotiabank Market Linked GIC?

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