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Personal Redeemable GICs
What is a Personal Redeemable GIC?
Personal Redeemable GIC allows you to earn a guaranteed rate*. You can access your investment partially or fully at a pre-determined rate as your financial needs arise.
Secure growth in all plans
Flexibility to invest in a registered or non-registered plan based on your financial needs
Access to funds
Regardless of what happens in the market or in your financial journey, you can cash in early at a pre-determined rate
Competitive Rates*
Interest will be calculated from day one of holding the deposit with the bank
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
- You want to be able to redeem part or all of your principal at a pre-determined interest rate
May not be right for you if you:
- Unlikely to need access to your funds for the term of the GIC
- Are willing to give up a guaranteed rate of return and principal protection in exchange for the potential to earn more
Guaranteed rate of return with full access at any time
Terms listed are available for a limited time.
3.30%
24 months
2.80%
21 months
2.40%
15 months
Additional information
- Minimum investment of $500
- Interest paid annually or at maturity*
- Contact your Scotiabank branch to find the flexible terms available today
- Available in Canadian currency only
Perfect for customers
- Who may need cashflow in the near future
- Who want a customized and guaranteed solution
- Who have flexibility and liquidity in their financial portfolio
- Who want to hold funds while they search for their perfect home or plan their wedding
The Investment Companion Booklet and Terms & Conditions includes important information about our products, services, and fees. For GIC rates and term options click here.
Investment Companion Booklet - April 2022
N/A | pdf : 602
KB
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*
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. Where an actual interest rate is disclosed, it is an annual interest rate if held to maturity.