Non-Redeemable GIC

Earn more interest when you lock in your funds with this secure investment

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Product Benefits

  • Gain peace of mind knowing no matter what happens in the market, your principal is secure and your interest is guaranteed
  • Help meet your short and long-term investment goals
  • Boost your cash flow with interest income
  • Choose a term and interest payout plan that meets your business needs

Is this Guaranteed Investment Certificate (GIC) right for you?


Right for you if you

May not be right for you if you

  • Prefer a low-risk investment with principal and interest rate guaranteed
  • May need access to your investment prior to maturity  

  • Agree to not withdraw your funds for the length of the GIC term

  • Are willing to give up a guaranteed rate of return and principal protection in exchange for the potential to earn more

Product Details


Currency

CAD

USD

Term options

30 days – 5 years

7 or 10 years

Up to 5 years

Interest payment options

  • Monthly
  • Semi-annually
  • Annually
  • At maturity
  • Annually: for terms over 1 year
  • At maturity: for terms less than 1 year

Minimum investment amount

$500

$5,000 for monthly payouts

$500

$100,000 for terms less than 30 days

Withdrawal

Funds cannot be withdrawn until the term ends

Related Services


Right Size Savings for business

Earn a premium interest rate and have access to your funds on your terms

Business Investment Account

Grow your surplus funds with a competitive interest rate.

Dual Investment Account

Operate your business and save surplus funds – all with a single account

Resources


How to open a business account


Schedule of Fees

Learn about account and service fees.
 

Eligible for CDIC Insurance

CDIC

 

The Investment Companion Booklet and Terms & Conditions includes important information about our products, services, and fees. For GIC rates and term options click here.

Business Banking Services Agreement

Review the agreement.

Non-Redeemable GIC
Earn more interest when you lock in your funds with this secure investment
Contact us
Phone

Prefer to talk to us

In Person

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