Monthly Cash Management GIC

Because it pays out in the short-term

The Monthly Cash Management 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.

Thus, allowing you to take advantage of rate increases that may arise during the investment term.


Quick view

NON-REGISTERED


Minimal Investment

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Amount Invested

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Term

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Rate

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All rates and amounts

Select a term or a rate

RRSP


Minimal Investment

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Amount Invested

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Term

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Rate

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All rates and amounts

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Additional information
 

Non-Registered

Interest payment options

Interest paid at maturity.

Access to funds

Not redeemable before maturity of the 30 days term.

 


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.

 


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 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 an 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).


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

> 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.

 

 

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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