Conventional GICs

Conventional GICs


CALL US AT 1 888 4 TELNAT

This investment solution gives you peace of mind: your initial investment is protected, your interest rates are fixed for the entire term, and your final return is known in advance. Conventional GICs offer competitive interest rates and terms from 30 days to 10 years. 

Type Guaranteed-capital
Risk level

Non-Redeemable GIC

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.

Non registered RRSP TFSA

Investment horizon

1 month to 5 years 3 months to 5 years 6 months to 5 years

Minimum investment

$1,000 (1 year or more) or
$5,000 (less than 1 year)
$500 $500

Interest payment options

  • Monthly, calculated and payable on the deposit date ($1,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($1,000 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.
  • Compounded annually on the anniversary date and payable at maturity.
  • For terms under 1 year, payable at maturity only.
  • Interest paid annually or at maturity date.

Transferability

  Can be transferred from an RRSP to a RRIF Non-transferable

Registered plan eligibility

RRSP, TFSA RRIF  

Access to funds

Not redeemable before maturity  

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 rates posted are paid at maturity.  
Term Rate Interest Type of account

1 month

0.400 % Simple

non registered

 

 

3 months

0.450 % Simple

non registered

RRSP

 

6 months

0.600 % Simple

non registered

RRSP

TFSA

1 year

1.260 % Simple

non registered

RRSP

TFSA

18 months

1.250 % Simple

non registered

 

TFSA
Compounded

non registered

RRSP

TFSA

2 years

1.100 % Simple

non registered

 

TFSA
Compounded

non registered

RRSP

TFSA

3 years

1.150 % Simple

non registered

 

TFSA
Compounded

non registered

RRSP

TFSA

4 years

1.300 % Simple

non registered

 

TFSA
Compounded

non registered

RRSP

TFSA

5 years

1.500 % Simple

non registered

 

TFSA
Compounded

non registered

RRSP

TFSA
  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity for RRSP and non registered product: 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.
  • To know the charges related to a TFSA and RRSP, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know our process of notification of charge increases or the introduction of new fees, please consult our brochure to this purpose, being: General Information and Agreement, section "Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a product, please click here.
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

*Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.

Redeemable GIC

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.

Non registered REER TFSA

Investment horizon

1 month to 5 years

1 year to 5 years

Minimum investment

$1,000 (1 year or more) or
$5,000 (less than 1 year)

$500

Interest payment options

  • Monthly, calculated and payable on the deposit date ($1,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($1,000 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.

  • Compounded annually on the anniversary date and payable at maturity.
  • For terms under 1 year, payable at maturity only.
  • Interest paid annually

Transferability

 

Can be transferred from an
RRSP to a RRIF
Non-transferable

Registered plan eligibility

RRSP, TFSA

RRIF  

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
  • 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.
  • Full redemption only. 
 

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 rates posted are paid at maturity.  
Term Rate Type of account

1 month

0.300 %

non registered

   

3 months

0.350 %

non registered

   

6 months

0.500 %

non registered

   

1 year

1.010 %

non registered

RRSP TFSA

2 years

0.800 %

non registered

RRSP TFSA

3 years

0.850 %

non registered

RRSP TFSA

4 years

1.000 %

non registered

RRSP TFSA

5 years

1.200 %

non registered

RRSP TFSA
  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity for non registered product: 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.
  • To know the charges related to a RRSP or TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

*Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.

TermNote Plus GIC

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.

Non registered RRSP

Investment horizon

61 months to 10 years

61 months to 10 years

Minimum investment

$1,000

Interest payment options

  • Monthly, calculated and payable on the deposit date ($1,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($1,000 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.

  • Compounded annually on the anniversary date and payable at maturity.

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

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 rates posted are paid at maturity.
Term Rate Interest Type of account

61 months

1.450 %

Simple

non registered

 
Compounded

non registered

RRSP

6 years

1.750 %

Simple

non registered

 
Compounded

non registered

RRSP

7 years

1.850 %

Simple

non registered

 
Compounded

non registered

RRSP

8 years

1.950 %

Simple

non registered

 
Compounded

non registered

RRSP

9 years

2.050 %

Simple

non registered

 
Compounded

non registered

RRSP

10 years

2.250 %

Simple

non registered

 
Compounded

non registered

RRSP

  • 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.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.
  • To know our process of notification of charge increases or the introduction of new fees, please consult our brochure to this purpose, being: General Information and Agreement, section "Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a RRSP product, click here.
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

*Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.

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.

Non registered

Investment horizon

30 days to 5 years

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
Term Rate Type of account

1 month

0.030 %

non registered

3 months

0.050 %

non registered

6 months

0.050 %

non registered

1 year

0.200 %

non registered

2 years

0.350 %

non registered

3 years

0.500 %

non registered

4 years

0.650 %

non registered

5 years

0.900%

non registered

  • 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.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.

*Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.

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.

Non registered

Investment horizon

30 days to 5 years

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

Term Rate Type of account

1 month

0.050 %

non registered

3 months

0.100%

non registered

6 months

0.250 %

non registered

1 year

0.300 %

non registered

2 years

0.450 %

non registered

3 years

0.550 %

non registered

4 years

0.900 %

non registered

5 years

1.100 %

non registered

  • 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.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.

*Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.

Whether you’re saving for a short-term project or for your retirement, Myidea will help you plan your savings easily and successfully. The tool can also be downloaded free of charge from the App Store® directly to your iPad®.