Non-Redeemable GICs

Special offer

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.

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
  • 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.

Buy now

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.

Open now

I'm not a Scotia OnLine customer

Use our online tool to book an appointment. 

Book an appointment now

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.  

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