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.

Quick view

NON-REGISTERED


Minimal Investment

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Term

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Rate

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All terms and rates

Select a term or a rate

Non-Registered

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.

 

 

Find out more 

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