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Canadian Banks GIC

Enjoy a GIC with the growth potential of Canadian bank stocks

 

At a glance1

What is a Canadian Banks GIC?

Choose this GIC for a guaranteed minimum return with the potential for a higher return tied to the performance of a Canadian Banking equity index.

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: July 26, 2018 to September 12, 2018

Maximum interest at maturity: 40.00% (6.96% compounded annually)2

Issue date: September 19, 20181

Maturity date: September 18, 2023

Investment horizon: 5 years

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GIC options

You can choose a registered or non-registered GIC.

Your choice
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Tip

Want to take advantage of promotional interest rates? Learn more about our Non-Redeemable Irregular Term GIC.

Little details that matter

Reference documents

Additional information

The Canadian Banks GIC 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.

Legal Disclaimers

1. The Canadian Banks GIC, 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 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 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 www.cdic.ca or by calling 1-800-461-2342.

Another great option

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Leverage the S&P/TSX index

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