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.


24 months

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
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.

A bank account that does more, means you will too.

Receive Ultimate and Preferred rates on select Non-Redeemable GICs by signing up for an Ultimate Package or Preferred Package.

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.  

Ready to buy a Scotiabank Personal Redeemable GIC?

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