Non-Redeemable US Dollars GIC

To make your unused US dollars profitable

This type of GIC is issued in US dollars and offers investors guaranteed fixed rates for terms of 30 days to 5 years that are higher than rates on redeemable investments. However, early redemption is not permitted.

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Minimal Investment






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All terms and rates

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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).

Access to funds

Not redeemable before 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.

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


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

Explore other Guaranted Investment Certificates:

Explore other Guaranted Investment Certificates:



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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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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.

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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!

My dream retirement