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Non-Redeemable GICs
Special offer
Earn up to 15,000 Scene+™ points on an eligible GIC.♢
What is a non-redeemable GIC?
When you buy a non-redeemable GIC, you agree to invest a certain amount of money for a set length of time (term) to benefit from a fixed interest rate. When your term is up, you can either cash in your GIC – and get your initial investment back plus interest – or renew your term and keep growing.
A low-risk investment
You are guaranteed to get your initial investment back, plus interest, at the end of your term.
Stable growth
Your interest rates are consistent for the length of your term, no matter what the market is doing.
Competitive rates
Save for the short-term or invest for the long term with our competitive rates.
Is this Guaranteed Investment Certificate (GIC) right for you?
Right for you if you:
- Prefer a low-risk investment with principal and interest rate guaranteed
- Do not need access to your funds before the maturity date
May not be right for you if you:
- May need access to your investment prior to maturity
- Are willing to give up a guaranteed rate of return and principal protection in exchange for the potential to earn more
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 |  |
|
|
|
| Flexibility | |
|
— | — |
| 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.
Purchase your Non-Redeemable GIC
To get started, choose one of the following options:
I'm a Scotia OnLine customer with an Investment Plan
Purchasing with Scotia OnLine is fast, easy and secure.
I'm a Scotia OnLine customer without an Investment Plan
You'll need a Registered Plan or a Non-Registered Plan to purchase your GIC. Opening Plans on Scotia OnLine is fast, easy and secure.
I'm not a Scotia OnLine customer
Use our online tool to book an appointment.
Your non-redeemable GIC options
All non-redeemable GICs are available as part of a registered or non-registered investment portfolio, and can be automatically renewed on maturity.
Short-Term CDN $
Term
30-364 days
Investment Payment Frequency
At Maturity
Minimum Investment
$500
Long-Term CDN $
Term
1-10 years
Investment Payment Frequency
Compounded annually or semi-annually. Interest paid at maturity, if annual or semi-annual compounding.
Minimum Investment
$500
Long-Term CDN $
Term
1-10 years
Investment Payment Frequency
Monthly
Minimum Investment
$5,000
US Dollar
Term
1-29 days
Investment Payment Frequency
At Maturity
Minimum Investment
U.S. $100,000
US Dollar
Term
30-364 days
Investment Payment Frequency
At Maturity
Minimum Investment
$500
US Dollar
Term
1-10 years
Investment Payment Frequency
At Maturity
Minimum Investment
$500
The Investment Companion Booklet and Terms & Conditions includes important information about our products, services, and fees. For GIC rates and term options click here.
Scotiabank - INVESTMENT COMPANION BOOKLET
N/A | pdf : 725
KB
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♢
GIC Investment Campaign Offer T&Cs
The Scotiabank GIC Bonus Scene+ Points Offer (the “Offer”) is available to individuals who purchase a Canadian Dollar Non-Redeemable GIC with a term of at least 2 years (“Eligible GIC”) between December 1, 2022, and March 31, 2023 (the “Offer Period”) and meet all other Offer conditions.
All other Scotiabank GICs, including non-redeemable GICs with terms less than 2 years, Market Linked GICs, Personal Redeemable GICs, Cashable GICs, and Guaranteed Income Optimizers are not eligible for the Offer. Eligible GICs can be purchased within either non-registered account or registered plans such as RRSP, TFSA, etc.
To qualify for a Scene+ point bonus (the “Points Bonus”):
- Purchase a new or renew an existing investment into an Eligible GIC during the Offer Period.
- The sum of Eligible GIC principal amounts purchased during the Offer Period must be equal to or greater than $5,000.
- By or on May 1, 2023, hold a Scotiabank debit or credit card that earns Scene+ Rewards (click here for eligible products) in good standing.
The Points Bonus you qualify for (Tier 1-4) will depend on the sum of Eligible GIC principal amounts purchased during the Offer Period under step 2 above, as follows:
|
Tier 1 |
Tier 2 |
Tier 3 |
Tier 4 |
|---|---|---|---|---|
Sum of Eligible GIC Principal Amounts |
$5,000 - $49,999 |
$50,000 – $249,999 |
$250,000 - $999,999 |
≥$1,000,000 |
Points Bonus |
1,500 |
3,000 |
9,000 |
15,000 |
The Points Bonus will be credited to the Scene+ membership account connected to your Scotiabank debit or credit card by July 31, 2023, provided all Offer conditions outlined above have been satisfied. Your Eligible GIC(s) must be open at the time of the Points Bonus payout. If more than one (1) Eligible GIC is purchased and each qualifies for the Offer, the Points Bonus will be credited based on the sum of the Eligible GIC principal amounts purchased during the Offer Period. If the Eligible GIC(s) is purchased in a joint investment plan, only the primary joint account holder will be eligible to receive the Points Bonus. If an eligible customer has multiple Scene+ membership accounts, only one account will be credited. All other terms and conditions of the Eligible GIC(s) purchased/renewed continue to apply, including any minimum amounts.
This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Points Bonus per customer, regardless of the number of Eligible GICs opened. Offer may be changed, cancelled, or extended at any time and cannot be combined with any other offers except as otherwise permitted.
SCENE LP in its sole discretion, reserves the right to revoke any Scene+ points issued in connection with this Offer and/or cancel Scene+ membership accounts, if SCENE LP feels the Scene+ points were issued or used fraudulently or not in accordance with these Terms and Conditions. Any discrepancies with Scene+ points must be addressed with the SCENE Help Centre at support@sceneplus.ca.
™ Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.