Promotional GICs

Promotional GICs

Our highly accessible promotional GICs are a great way to make your money work for you. They provide a guaranteed, predictable return on your investment. Promotional GICs offer a range of investment durations, fixed interest rates and interest payment options.

Non-redeemable irregular term GIC

These GICs have some of the most attractive promotional rates. Choose from a selection of set investment terms.

Non Registered RRSP TFSA

Investment horizon

15 months to 58 months

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.
  • Interest paid annually.

Transferability

  Can be transferred from an RRSP to a RRIF  

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
15 months 1.100% Simple Non registered   TFSA
Compounded Non registered RRSP TFSA

20 months

1.150% Simple Non registered   TFSA
Compounded Non registered RRSP TFSA
37 months 1.300% Simple Non registered   TFSA
Compounded Non registered RRSP TFSA
51 months 1.400% Simple Non registered   TFSA
Compounded Non registered RRSP TFSA
58 months 1.550% Simple Non registered   TFSA
Compounded Non registered RRSP TFSA
  • 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a RRSP or a TFSA, please consult our brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".
  • 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 or a TFSA product, click here.
  • To be able 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.

Non-Redeemable Escalarater GIC

The Escalarater GIC is an excellent investment solution if you want a competitive rate with a guaranteed annual increase. Your interest rate increases every year on the anniversary of the issue date of your GIC.

Non Registered RRSP TFSA

Investment horizon

3 years and 5 years

Minimum investment

$500

Interest payment options

  • Interest is calculated on each investment anniversary date using the average rate and compounded annually. Interest is payable at maturity.
   

Transferability

Cannot be transferred to a RRIF

Registered plan eligibility

RRSP, TFSA    

Access to funds

Not redeemable before maturity

Average Rate1

1.314% for the GIC of 3 years
1.616% for the GIC of 5 years

N.B.

The interest rates posted are paid at maturity.  
Term Rate Type of account
3 years 1 year
2 year
3 year
0.700%
1.000%
2.250%
non registered RRSP TFSA
5 years 1 year
2 year
3 year
4 year
5 year
0.650%
1.250%
1.350%
1.650%
3.200%
non registered RRSP TFSA
  • The interest rate increases each year.
  • Stable, predictable income.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC will be invested for a term of one year, not redeemable before maturity, 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a RRSP or TFSA, please consult our brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".
  • 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 or TFSA product, click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

Redeemable Escalarater GIC

Enjoy an annual interest rate that increases each anniversary of the issue date of your GIC. Furthermore, on each anniversary date before the maturity date, you can redeem your investment in totality if you need cash or if interest rates climb higher than the rates in effect.

Non Registered RRSP

Investment horizon

3 years and 5 years

Minimum investment

$500

Interest payment options

  • Interest is calculated on each investment anniversary date using the average rate and compounded annually. Interest is payable at maturity.

Transferability

Cannot be transferred to a RRIF

Registered plan eligibility

RRSP  

Access to funds

  • Redeemable in full on the anniversary of the issue date (i.e. once a year):
    • 3 year-term: Redeemable starting on the first anniversary date
    • 5 year-term: Redeemable starting on the second anniversary date only
  • Upon redemption, interest is calculated based on the average rate for the years elapsed and it is payable on the redemption date.

Average rate

1.050% for the GIc of 3 years
1.386% for the GIc of 5 years

N.B.

The interest rates posted are paid at maturity.
Term Rate Type of account
3 years 1 year
2 year
3 year
0.450%
0.850%
1.850%
Non registered RRSP
5 years 1 year
2 year
3 year
4 year
5 year
0.450%
1.000%
1.100%
1.400%
3.000%
Non registered RRSP
  • The interest rate increases each year.
  • Stable, predictable income.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC will be invested for a term of one year, not redeemable before maturity, 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a RRSP, please consult our brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".
  • 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 be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

Evoluterm GIC

With this investment solution, the principal is divided into three or five equal portions, each with a different maturity date (either one, two and three-year terms or one, two, three, four and five-year terms), which can be automatically re-invested for a three or five-year term.

This type of GIC offers a great deal of flexibility by providing access to part of your capital each year.

This GIC is also ideal if you’re looking for a simple, hassle-free way to stagger your investment maturities. Because different parts are renewed at different times, you can take advantage of potential interest rate increases when market rates fluctuate.

Non Registered RRSP

Investment horizon

3 years and 5 years

Minimum investment

$1,500 ($500 per portion) for the GIC of 3 years
$2,500 ($500 per portion) for the GIC of 5 years

Interest payment options

  • Monthly, calculated and payable on the deposit date ($2,500 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($2,500 minimum investment)
  • Annual, calculated and payable on the anniversary date, or compounded annually 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

Cannot be transferred to a RRIF

Registered plan eligibility

RRSP  

Access to funds

  • Not redeemable during the period of the term for each respective portion.
  • Each certificate matures on a different date and that portion of your capital can be used as you wish at that time.
  • If you don't need to access your funds, that portion of your funds is automatically reinvested for a three or five-year term.

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%. Compounded annually on the anniversary date and payable at maturity.
Term Rate Interest Type of account
3 years 1 year
2 year
3 year
0.900%
1.100%
1.250%
Simple Non registered  
Compounded Non registered RRSP
5 years 1 year
2 year
3 year
4 year
5 year
0.900%
1.100%
1.250%
1.400%
1.550%
Simple Non registered

 

Compounded Non registered RRSP
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GICs and any renewals thereof will be renewed for the same amount (including accrued and unpaid interest) and for a term of 3 or 5 years, depending on the original term selected, 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a RRSP, please consult our brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".
  • 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 be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

GIC redeemable without penalty

With this GIC, you know that your rate is guaranteed for the entire term, but if you need cash during this period, you can redeem your GIC after 30 days (after six months for the two-year term), in whole or in part, without penalty. This is the ideal product if you expect to need cash but don’t know exactly when.

Non Registered

Investment horizon

12, 14 or 24 months

Minimum investment

$500

Interest payment options

  • Annually, calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity

Transferability

Cannot be transferred

Registered plan eligibility

Not eligible for registered plans

Access to funds

  • 12 and 14-month terms: Redeemable without penalty after 30 days
  • 24-month term: Redeemable without penalty after 6 months Interest payable will be calculated according to the number of days elapsed between the date of issue and the redemption date of this GIC. 
  • Maximum of three redemptions permitted during the term.
  • Minimum partial redemption of $5,000 permitted provided that the remaining principal is equal to or greater than the initial $500 investment.
Term Rate Interest Type of account
12 mois 0.650%   Non registered
14 mois 0.700%   Non registered
2 ans 0.800% Simple Non registered
Compounded 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 offered for the product originally selected 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

Monthly cash management GIC

This GIC allows you to redeem your investment in full at the end of each 30-day period. If you do not redeem it after 30 days, the GIC will automatically be renewed at the new rate in effect, allowing you to take advantage of rate increases that may arise during the investment term. This product is perfect for companies or investors that want to earn interest on a temporary cash surplus.

Non Registered RRSP

Investment horizon

30 days (automatically renewed)

Minimum investment

$5,000

Interest payment options

  • Interest paid at maturity
  • Payable at maturity or capitalized at maturity.

Transferability

Cannot be transferred to a RRIF

Registered plan eligibility

RRSP  

Access to funds

Not redeemable before maturity of the 30 days term Not redeemable before maturity

N.B.

The interest rates posted are paid at maturity.
Term Amount Invested Rate Type of account
30 days $5,000 to $99,999 0.450% Non registered RRSP
$100,000 to $499,999 0.550% Non registered RRSP
$500,000 to $999,999 0.750% Non registered RRSP
$999,999 and more Please contact us
  • 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 an equivalent term (30 days), 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a RRSP, please consult our brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".
  • 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 be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

Flexiterm GIC

This GIC allows you to transfer your invested capital in full to another National Bank investment vehicle with no penalty within 90 days of purchase. After 90 days, if the initial capital remains invested, the GIC will collect interest for 18 months, providing you with a three-month window to continue seeking attractive investment opportunities while enjoying a much better interest rate than the one offered by short-term investments.

Non Registered RRSP

Investment horizon

18 months

Minimum investment

$500

Interest payment options

  • Annually, calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity
  • Compounded annually on the anniversary date and payable at maturity.

Transferability

Cannot be transferred to a RRIF

Registered plan eligibility

RRSP  

Access to funds

Non-redeemable. Transferable before 90 days to a product from National Bank and its subsidiaries with a term equal to or longer than the term remaining.

N.B.

  The interest rates posted are paid at maturity.
Term Rate Interest Type of account
18 months 0.800% Simple Non registered  
Compounded Non registered RRSP
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC will be renewed for the same amount (including accrued and unpaid interest) and for an equivalent 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.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a RRSP, please consult our brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".
  • 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 be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

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