GIC: Guaranteed Investment Certificates

What is a GIC?

You entrust a sum of money to the bank for a specific period of time—terms range from 30 days to 10 years.

Your investment earns you interest and the original amount (principal) is 100% protected.

Perfect if you are looking to:

Guarantee your original investment
Invest in a low-risk option
Get a guaranteed return on your investment
Take advantage of market potential

Choosing the right GIC

Fixed-rate

Get a fixed rate of return for a specific term.

Why choose it
Get a guaranteed return on your investment.

Market-linked

Interest is tied to the performance of stocks and stock market indices.

Why choose it
Leverage market potential.

Non-redeemable

You can’t cash in your investment before the maturity date.

Why choose it
Enjoy a competitive interest rate.

Redeemable

You can cash in your investment at any time.

Why choose it
Funds can be accessed as needed, although the interest rate is slightly lower than that of a non-redeemable GIC.

Compound interest

Interest is earned on your initial investment as well as on the interest generated over time.

Why choose it
Get the most out of your GIC by earning interest on your interest.

Simple interest

Interest is only calculated on your initial investment.

Why choose it
Interest is payable throughout the term of your GIC.

Registered plan

Your GIC can be placed in an RRSP or TFSA.

Why choose it
Grow your investment tax-free.

Unregistered account

Your investment is held in an unregistered account (without a plan).

Why choose it
Save without having to worry about contribution limits, withholding taxes or withdrawal fees.

Featured GICs

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Performance

Enjoy a market-linked interest rate

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Minimum investment

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Term

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Learn more about this GIC

Choose a GIC

Select the term and interest type of your GIC. If you’re already a client, you can choose the plan in which to place your GIC (TFSA, RRSP or non-registered account) in a second step. 

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Four categories of GIC

Redeemable GICs

Access your investment when you need cash.

Redeemable GIC
Can be cashed in at any time.

Redeemable Without Penalty GIC
Redeemable after 30 days or 6 months.

Redeemable Plus GIC
Can be redeemed every year.

Non-redeemable GICs

Enjoy a competitive interest rate and variable terms.

Non-redeemable GICs

Short, medium or long-term investment.

Monthly Cash Management GIC
Cash in your GIC after 30 days.

Extra GIC
Cash in your GIC after 90 days.

Optimarket GIC™ (market-linked)

Offers great growth potential.

Diversified GIC Flex Series
Combine two market-linked GICs and a fixed-rate GIC with predictable returns.

Canadian Bank GIC Flex Series
Leverage the growth potential of Canadian banks.

Diversified Market Rate GIC Flex Series
This product offers growth potential of Canadian short‑term interest rates.

USD GICs

Grow your investment in US dollars.

Non-Redeemable USD GIC

Benefit from a competitive interest rate.

Redeemable USD GIC
Access your funds when you want.

Get help choosing your GIC from one of our expert advisors.

Make an appointment

Little details that matter

Regulatory documents

General Information and Agreement [PDF]

Legal Disclaimers

Featured GIC rates are subject to change at any time.

TM National Bank Optimarket GIC is a trademark of National Bank of Canada.

Interest is calculated annually.

Guaranteed investment certificates (GICs) are covered by the Canada Deposit Insurance Corporation (CDIC). Find out more about the coverage offered by CDIC.

The rate offered for bonus rate GICs does not automatically apply to GIC renewals. Upon renewal, the then current rate applicable to your product will apply.