Extra GIC

A GIC that can be cashed in every 90 days

At a glance

What is an Extra GIC?

Enjoy a competitive fixed rate and the freedom to cash in every 90 days, penalty-free.

Perfect if you are looking to:

Make a short-term investment
Earn interest at a competitive rate, risk-free
Take advantage of automatic renewals so you don't lose out on interest

Rate: 0.90%

Minimum investment: $500 (RRSP) or $1,000 (non-registered plan)

Access to funds: No

Investment horizon: 90 days

GIC options

You can choose a registered or non-registered GIC.

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

Make an appointment

Tip

Looking to cash in a portion of your investment each year and take advantage of higher interest rates? Learn about the GIC laddering strategy.

Little details that matter

Non-registered plan

Interest payments

Interest is paid at maturity.

Access to funds

Cannot be cashed in before maturity.

Posted rates are for interest payable at maturity.

RRSP

Interest payments

Interest payable or compounded at maturity.

Transferability

Cannot be transferred to an RRIF.

Access to funds

Cannot be cashed in before maturity.

Posted rates are for interest payable at maturity.

Additional information

Interest is calculated annually.

Automatic renewal: Unless otherwise instructed, we will automatically renew your GIC at maturity for the same amount (principal and interest) and term at the prevailing rate. You will have 10 business days after the new GIC is issued to cancel the renewal.

National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).

For information on fees related to RRSPs and TFSAs, refer to our brochure: Fees – Your Guide to Personal Banking Solutions [PDF], under "Registered Plans."

For information on our rate increase or new fee notification procedure, refer to our brochure: Fees – General Information and Agreement [PDF], under "Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions."

For information on the procedure for submitting claims regarding product fees, click here.

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