Term Note Plus GIC

Because it is pays out and it is guaranteed

TheTermNote Plus GIC is the non-redeemable investment of choice for those willing to immobilize their funds for a long period of time, in order to benefit from an advantageous interest rate. It provides you with the security of a fixed interest rate for the duration of your investment, in addition to a guaranteed return.

Quick view

NON-REGISTERED


Minimal Investment

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Interest Rate

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Term

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Rate

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All terms and rates

Select a term or a rate

Simple interest rate

Compound interest rates

RRSP


Minimal Investment

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Interest Rate

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Term

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Rate

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All terms and rates

Select a term or a rate

Compound interest rates

Additional information
 

Non-Registered

Interest payment options

Monthly: Calculated and payable on the deposit date ($1,000 minimum investment).
Semi-annually: Calculated and payable on the deposit date ($1,000 minimum investment).
Annually: Calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity.

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

Access to funds

Non-redeemable before maturity.
 


The interest rates posted are the interest calculated 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.
 

Transferability

Can be transferred from an RRSP to a RRIF.
 

Access to funds

Non-redeemable before maturity.
 


The interest rates posted are paid at maturity (compounded annually).

> The interest rate is fixed for the entire term.

> 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 a RRSP or TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".

> Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation (CDIC) 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.

> To know our process of notification of charge increases or the introduction of new fees, please consult the 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 product, click here.

> To contribute, you need a National Bank account. To open an account, please visit one of our branches.

 

 

Find out more 

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

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