Extra GIC

Because every 90 days, it's redeemable

The Extra GIC can be redeemed in full at the end of each 90-day period. Thus, allowing you to take advantage of rate increases that may arise during the investment term. If you do not redeem it after 90 days, the GIC will automatically renew at the new rate in effect.

Quick view

NON-REGISTERED


Minimal Investment

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Interest rate

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Term

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Rate

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RRSP


Minimal Investment

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Interest rate

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Term

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Rate

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Additional information
 

Non-Registered

Interest payment options

Interest paid at maturity.

Access to funds

Not redeemable before maturity.

 


N.B.: The interest rates posted are paid at maturity.

RRSP

Interest payment options

Payable at maturity or capitalized at maturity.
 

Transferability

Cannot be transferred to a RRIF.
 

Access to funds

Not redeemable before maturity.

 


N.B.: The interest rates posted are paid at maturity.

> 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 (90 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 an RRSP, please consult the brochure to this purpose, being: Fees - Your Guide to Personal Banking Solutions, section "Registered Plans".

> To know our process of notification of charges 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 products, click here.

> To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

> Interest is calculated on an annual basis.

 

 

Find out more 

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RRSPs and taxes

Contributing to an RRSP allows you to reduce the fiscal impact of your investments. First by diminishing the amount owed in taxes for the RRSP contribution year, then by keeping the invested amount sheltered from taxation until retirement.

Reducing the taxes

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RRSP ot TFSA?

RRSPs and TFSAs were designed to meet different objectives. The RRSP is a vehicle to help save for retirement, while the TFSA was created to help save for more short-term projects, like buying a car.

See details

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Planning your retirement

Does retirement seem a long way off? By starting early to save for your older age, you have time on your side to accumulate what you need to maintain your standard of living… Maybe until you’re 100!

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