Redeemable US Dollars GIC

To make your US dollars profitable and accessible at all times

This type of GIC is issued in US$ and offers a guaranteed fixed rate for terms of 30 days to 5 years. Redeemable at any time, this GIC gives you access to your funds in case of an unforeseen expense. However, early redemptions are subject to an interest rate adjustment based on the elapsed term.

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All terms and rates

Select a term or a rate


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

> Redeemable before maturity at reduced interest rate applied to the portion of the principal redeemed. This rate will be based on the portion of the term elapsed and the redemption rates in effect at the time of redemption as posted at the branch. No interest is paid if the GIC is redeemed during the first 30 days after the issue date.
> Maximum three redemptions during the term.
> $500 minimum redemption.


> 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.



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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