Canadian Banks GIC Flex Series

Enjoy a GIC with the growth potential of Canadian bank stocks


At a glance1

What is a Canadian Banks GIC Flex Series?

Choose this GIC for the potential for a higher return tied to the performance of a portfolio of the six Canadian banks (the "Reference Portfolio") and protect your investment at maturity.

Perfect if you are looking to:

  • Benefit from the stability of Canadian bank stock
  • Fully protect your initial investment
  • Make an investment that is eligible for CDIC coverage3

Interest: Compound

Minimum investment: $500

Sales period: September 12, 2019 to October 30, 2019

Maximum interest at maturity: 30.00% (5.39% compounded annually)2

Issue date: November 6, 20191

Maturity date:  November 6, 2024

Investment horizon: 5 years

Investment horizon icon

Our advisors can help you choose the GIC that's right for you.

Make an appointment
Magic wand tip icon


Do you want to know about the return on your investment right from the start? Find out about the non-redeemable GIC.

Little details that matter

The Canadian Banks GIC Flex Series is linked to the performance of six Canadian banks.

Eligible for registered and non-registered plans. Non-transferable.

This product is eligible for deposit insurance through the CDIC.3

To invest online, you need to have a National Bank account. Don't have an account? Contact a National Bank branch.

Market-Linked GICs issued from January 18, 2017 to November 15, 2019 are subject to a notice of modification of their terms regarding the absence of instruction regarding the payment of amounts payable after the due date.

  1. The Canadian Banks GIC Flex Series, Series 25, Investors Category (the "Canadian Banks GIC") is not a conventional fixed-income instrument, is not suitable for all investor types and carries some risk. Potential investors should consult the relevant fact sheet before investing. The Bank has issued previous series which may have different terms and conditions. Please refer to the rates bulletin for previous series. Terms and expressions not defined have the meaning given in the relevant fact sheet.
  2. The variable interest for the Canadian Banks GIC Flex Series is calculated based on the performance of the Reference Portfolio, comprised of shares from six Canadian banks. The Reference Portfolio Return is the arithmetic average of the Reference Share Return of each of the Reference Shares comprising the Reference Portfolio, subject to the Maximum Interest, as set out in the relevant fact sheet. A change in the Reference Portfolio has a direct impact on the variable interest paid at maturity. If the return on the Reference Portfolio for the term payable is less than zero, no interest will be paid.
  3. An investment in a Canadian Banks GIC Flex Series is eligible for Canada Deposit Insurance Corporation (CDIC) insurance, up to the maximum coverage amount. See the terms and conditions set out in the CDIC brochure "Protecting Your Deposits," which you can access online at or by calling 1-800-461-2342.

Explore our other savings and investment solutions

Managed solutions and investment funds

Trust our experts to manage your investments.


Check out our managed solutions and investment funds

Savings accounts

Grow your savings and access your funds at any time.


See all our savings accounts

See all our solutions

Ready to start saving?

Talk to an advisor for personalized advice or sign in to your online bank to invest.

Make an appointment

Sign in

Telephone icon
Picto of a question mark in a circle