Earn 5% 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.
Your interest rates are consistent for the length of your term, no matter what the market is doing.
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
- Agree to not withdraw your funds for the length of the GIC term
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
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.
The Investment Companion Booklet and Terms & Conditions includes important information about our products, services, and fees. For GIC rates and term options click here.
GIC Type: Non-Redeemable GIC
GIC Term: 2-years
Interest Rate: 5.00%*
Offer Period: November 10th – December 31st
* The following rates apply to Canadian dollar deposits made in Canada. Rates are provided for information purposes only and are subject to change at any time. Interest is accrued daily on your GIC from the issue date up to, but not including the maturity date. Also, interest will be paid/compounded for the leap day in a leap year. These GICs are available within registered and non-registered accounts. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity. If the maturity date falls on a Sunday, then the term of the GIC will be extended to the following Monday and interest will be paid to that day. Where an actual interest rate is disclosed, it is an annual interest rate if held to maturity.
The Bank of Nova Scotia, Scotia Mortgage Corporation, Montreal Trust Company, and National Trust Company each issue these GIC Rates. We reserve the right to change, extend or cancel these offers at any time without prior notice. A $500 minimum investment is required. A maximum investment of $5,000,000 per customer.