Conventional GICs

Conventional Fixed-Rate GICs

Non-Redeemable GIC

Also available for use in an RRSP or TFSA

Providing the security of a fixed interest rate for the entire term, as well as predictable returns, non-redeemable GICs are an excellent choice for investors who want to deposit their money for a set period.

Type Guaranteed-capital
Investment horizon

1 month to 5 years

Risk level
Minimum investment

$1000 (1 year or more) or $5000 (less than 1 year)

Interest payment options
  • Monthly, calculated and payable on the deposit date ($5,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($5,000 minimum investment)
  • Annually, calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity
  • Interest paid at maturity (for terms under 1 year)
N.B.: Only the annual interest payment option is available when an investment is made online.
Transferability

Can be transferred from an RRSP to a RRIF

Registered plan eligibility

RRSP, RRIF, TFSA

Access to funds

Not redeemable before maturity

Return (%) Term Rate Simple Compounded

1 month

0.400 %

INVEST

 

3 months

0.550 %

INVEST

 

6 months

0.700 %

INVEST

 

1 year

0.900 %

INVEST

 

18 months

0.950 %

INVEST

INVEST

2 years

1.150 %

INVEST

INVEST

3 years

1.250 %

INVEST

INVEST

4 years

1.500 %

INVEST

INVEST

5 years

1.750 %

INVEST

INVEST

N.B: The interest rates posted are the interest calculated annually. For monthly interest, the rate is reduced by 0.125%. For semi-annual interest, the rate is reduced by 0.05%.

  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
  • *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

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Redeemable GIC

Also available for use in a TFSA

This GIC is redeemable at any time with an interest rate payable based on the length of the investment. This product is perfect for investors who know they will need cash but not exactly when.

Type Guaranteed-capital
Investment horizon

1 month to 5 years

Risk level
Minimum investment

$1000 (1 year or more) or $5000 (less than 1 year)

Interest payment options
  • Monthly, calculated and payable on the deposit date ($5,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($5,000 minimum investment)
  • Annually, calculated and payable on the anniversary date
  • Interest paid at maturity (for terms under 1 year)

N.B.: Only the annual interest payment option is available when an investment is made online.

Transferability

Can be transferred from an RRSP to a RRIF

Registered plan eligibility

RRSP, RRIF, TFSA

Access to funds
  • Redeemable before maturity.
  • Reduced interest rate applied to the portion of the principal redeemed. This rate will be based on the term elapsed as posted at the branch. No interest is paid if the GIC is redeemed during the first 30 days after the issue date.
  • Partial redemption allowed before maturity (except for GICs in registred plans): In $1,000 portions as long as a minimum balance is maintained:
  • $1,000 minimum balance for GIC with a term of 1 year or more
    or
  • $5,000 minimum balance for GIC with a term of less than 1 year
Return(%) Term Rate

 

1 month

0.300 %

INVEST

3 months

0.450 %

INVEST

6 months

0.600 %

INVEST

1 year

0.650 %

INVEST

2 years

0.850 %

INVEST

3 years

0.950 %

INVEST

4 years

1.200 %

INVEST

5 years

1.450 %

INVEST

(1) N.B: The interest rates posted are the interest calculated annually. For monthly interest, the rate is reduced by 0,125%. For semi-annual interest, the rate is reduced by 0,05%.

  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
  • *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

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TermNote Plus GIC

Also available for use in a RRSP

Fixed-term GIC with a superior interest rate. This non-redeemable GIC is an excellent choice for investors who want to benefit from a higher interest rate by depositing their money for a longer term. Enjoy the security of a fixed interest rate for the entire term of the investment as well as a guaranteed return.

Type

Guaranteed-capital

Investment horizon

61 months to 10 years

Risk level
Minimum investment

$1,000

Interest payment options
  • Monthly, calculated and payable on the deposit date ($5,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($5,000 minimum investment)
  • Annually, calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity

N.B.: Only the annual interest payment option is available when an investment is made online.

Transferability

Can be transferred from an RRSP to a RRIF (61 months excluded)

Registered plan eligibility

RRSP and RRIF (61 months excluded)

Access to funds

Not redeemable before maturity

Return (%) Term Rate Simple Compounded

61 months

1.850 %

INVEST

INVEST

6 years

1.950 %

INVEST

INVEST

7 years

2.050 %

INVEST

INVEST

8 years

2.200 %

INVEST

INVEST

9 years

2.300 %

INVEST

INVEST

10 years

2.400 %

INVEST

INVEST

N.B: The interest rates posted are the interest calculated annually. For monthly interest, the rate is reduced by 0,125%. For semi-annual interest, the rate is reduced by 0,05%.

  • Fixed-term GIC offering a higher return than conventional GICs because the term is longer.
    The interest rate is fixed for the entire term.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
  • *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

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Redeemable US$ GIC 

 

This type of GIC is issued in US$ and offers a guaranteed fixed rate for terms of 30 days to 5 years. Redeemable at any time, this GIC gives you access to your funds in case of an unforeseen expense. However, early redemptions are subject to an interest rate adjustment based on the elapsed term.

Type

Guaranteed-capital

Investment horizon

30 days to 5 years

Risk level
Minimum investment

$5,000

Interest payment options Simple interest, paid in US$ only.
Terms of less than 1 year: Interest paid at maturity
Terms of 1 year or more: Interest paid semi-annually (April 30 and October 31)
Transferability

Cannot be transferred

Registered plan eligibility

Not eligible for registred plans

Access to funds
  • Redeemable before maturity at reduced interest rate applied to the portion of the principal redeemed. This rate will be based on the portion of the term elapsed and the redemption rates in effect at the time of redemption as posted at the branch. No interest is paid if the GIC is redeemed during the first 30 days after the issue date.
  • Maximum three redemptions during the term
  • $500 minimum redemption
Return (%) Term Rate

 

1 month

0.030 %

INVEST

3 months

0.050 %

INVEST

6 months

0.050 %

INVEST

1 year

0.200 %

INVEST

2 years

0.350 %

INVEST

3 years

0.500 %

INVEST

4 years

0.650 %

INVEST

5 years

0.900%

INVEST

  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
  • *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.

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Non-Redeemable US$ GIC


This type of GIC is issued in US$ and offers investors guaranteed fixed rates for terms of 30 days to five years that are higher than rates on redeemable investments. However, early redemption is not permitted.

Type

Guaranteed-capital

Investment horizon

30 days to 5 years

Risk level
Minimum investment

$5,000

Interest payment options
  • Simple interest, paid in US$ only.
  • Terms of less than 1 year: Interest paid at maturity
  • Terms of 1 year or more: Interest paid semi-annually (April 30 and October 31)
Transferability

Cannot be transferred

Registered plan eligibility

Not eligible for registred plans

Access to funds

Not redeemable before maturity

Return (%) Term Rate  

1 month

0.050 %

INVEST

3 months

0.100%

INVEST

6 months

0.250 %

INVEST

1 year

0.300 %

INVEST

2 years

0.450 %

INVEST

3 years

0.550 %

INVEST

4 years

0.900 %

INVEST

5 years

1.100 %

INVEST

  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
  • *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.

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