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Guaranteed Investment Certificates (GICs)

Available in Canadian and U.S. dollars, GICs are secure investments that protect your principal while offering attractive interest rates that are guaranteed for your chosen term.

Protect and grow your investment

Guaranteed investment certificates

GICs are secure investments with a guaranteed return and terms ranging from one month to five years. National Bank of Canada is a member of the Canada Deposit Insurance Corporation.1

The advantages of a GIC

  • Principal is fully protected
  • Fixed interest rate for the entire term (you know the final return in advance)


Choose a GIC

Non-redeemable GICs

Special promotional rates on these GICs2 make them a very attractive investment. You can choose from several set investment terms.

What we offer

  • Terms ranging from 30 days to 5 years
  • Higher interest rates than for our redeemable GICs with the same term
  • Principal 100% protected up to $100,000
  • No redemptions allowed before maturity
  • Available only to our business clients3
  • The funds invested in a GIC cannot originate from a Business Investment Account

Term of less than 1 year

Minimum investment: $5,000

Interest: Payable at maturity

Term of 1 to 5 years

Minimum investment: $1,000

Simple interest: Choice of monthly, semi-annual or annual payments

Redeemable GICs2

This is the ideal product if you expect to need cash but don't know exactly when.

What we offer4

  • Funds can be accessed any time in case of unforeseen events, subject to a penalty based on the term elapsed
  • Partial redemption allowed


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1 Subject to CDIC maximum coverage limitations.

2 Deposits are not insured by the CDIC.

3 Clients in the education, health and municipal sectors and public or Crown corporations should contact their Account Manager for more information concerning these investments.

4 The redemption conditions are as follows:

- Redemption allowed subject to a penalty based on the redemption table on the rates bulletin (F.12074)

- Redeemable before maturity at a reduced interest rate

- No interest if cashed within 30 days of the issue date Non-registered

- Partial redemption allowed before maturity by portions of:

    $1,000, subject to a minimum balance of $1,000 being maintained for GICs held for a year or more; or

    $5,000, for GICs held for less than a year.

TM BUSINESS CENTRAL is a trademark of National Bank of Canada.