Redeemable Plus GIC

Because it's guaranteed and accessible

The Redeemable Plus GIC is an investment that fully protects your principal and gives you access to your funds, without penalty. In addition to benefiting from an attractive interest rate, clients who need access to cash can redeem their investment in whole or in part before maturity, on each anniversary date of the purchase of the GIC.

Quick view

NON-REGISTERED


Minimal Investment

${p1.characteristics.cpg.placementminimal.en}


Interest Rate

${p1.characteristics.cpg.typedinteret.en}


Term

${p1.characteristics.cpg.termes.en}
 

 

Rate

${p1.characteristics.cpg.taux} %

RRSP


Minimal Investment

${p2.characteristics.cpg.placementminimal.en}


Interest Rate

${p2.characteristics.cpg.typedinteret.en}


Term

${p2.characteristics.cpg.termes.en}
 

 

Rate

${p2.characteristics.cpg.taux} %

TSFA


Minimal Investment

${p3.characteristics.cpg.placementminimal.en}


Interest Rate

${p3.characteristics.cpg.typedinteret.en}


Term

${p3.characteristics.cpg.termes.en}
 

 

Rate

${p3.characteristics.cpg.taux} %

Additional information
 

Non-Registered

Interest payment options

Monthly: Calculated and payable on the investment issue date ($1,000 minimum investment).
Semi-annually: Calculated and payable on the investment issue date ($1,000 minimum investment).
Annually: Calculated and payable on the investment issue date, or compounded annually on the investment issue date and payable at maturity.
At maturity: For tems under 1 year.

N.B.: Only the annual interest payment option is available when an investment is made online.
 

Access to funds

Redeemable prior to the maturity date under the following conditions:

> The GIC is redeemable in whole or in part without penalty on each of its anniversary dates.
> The GIC can be redeemed in part, in multiples of $1,000.

 


The interest rates posted are the interest payed annually. For monthly interest, the rate is reduced by 0.125%. For semi-annual interest, the rate is reduced by 0.05%.

RRSP

Interest payment options

Compounded annually on the anniversary date and payable at maturity.
 

Access to funds

Redeemable prior to the maturity date under the following conditions:

> The GIC is redeemable in whole or in part without penalty on each of its anniversary dates.
> The GIC can be redeemed in part, in multiples of $500.

 


The interest rates posted are paid at maturity.

TFSA

Interest payment options

Interest paid annually.

Access to funds

Redeemable prior to the maturity date under the following conditions:

> The GIC is redeemable in whole without penalty on each of its anniversary dates.
> The GIC can be redeemed in part, in multiple of $500.

> The interest rate is fixed for the entire term

> The rate is calculated on an annual basis

> Unless otherwise indicated by the client, GICs invested in an RRSP or in a non-registered investment (not in an RRSP) will, upon maturity, be automatically renewed for the same amount (principal and interest) for the desired term and at the interest rate in effect. You will have 10 business days after the new GIC is issued to cancel the renewal. TFSA: the principal amount of the GIC and interest earned are made available into the cash portion of the TFSA. Offer available for personal clients. 

> 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 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.

 

 

Find out more 

img-reer-impot-2-400x230.png

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

Smiling African Businessman Using a Tablet

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

img-planifier-retraite-2-400x230.png

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