Non-Redeemable GICs

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.

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

Visit one of our Advisors today at a Branch location convenient for you.

Find a branch

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

Mininum Investment
$500

Long-Term1 CDN $

Term
1-10 years

Investment Payment Frequency
Compounded annually or semi-annually2. Interest paid at maturity, if annual or semi-annual compounding.

Mininum Investment
$500

Long-Term1 CDN $

Term
1-10 years

Investment Payment Frequency
Monthly2

Mininum Investment
$5,000

US Dollar1

Term
1-29 days

Investment Payment Frequency
At Maturity

Mininum Investment
U.S. $100,000

US Dollar1

Term
30-364 days

Investment Payment Frequency
At Maturity

Mininum Investment
$500

US Dollar1

Term
1-10 years

Investment Payment Frequency
At Maturity

Mininum Investment
$500

Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada.