Non-Redeemable Irregular Term GIC

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At a glance

What is the Non-Redeemable Irregular Term GIC?

With the Non-Redeemable Irregular Term GIC, you get great interest rates and choose from a number of terms.

Perfect if you're looking to:

Get special rates
Protect your investment
Choose a term from 14 to 58 months
Get a guaranteed return on your investment

Promotional offer

For a limited time, enjoy a 2.40% rate on Non-Redeemable Irregular Term GIC.

See offers conditions.

Term	Plan	Minimum investment	Rate	Interest type	Get this GIC
19 months	TFSA	$1000	2.400%	Simple	Choose this GIC
19 months	TFSA	$1000	2.400%	Compound	Choose this GIC
19 months	Non-registered	$1000	2.400%	Simple	Choose this GIC
19 months	Non-registered	$1000	2.400%	Compound	Choose this GIC
19 months	RRSP	$1000	2.400%	Compound	Choose this GIC

GIC options

Decide whether you want a registered or non-registered GIC, then select a term and interest type.

Term	Plan	Minimum investment	Rate	Interest type	Get this GIC
${productCriteria.TERMRANGE.criteriaNumericValue} months	${regime}	$${productCriteria.AMTRANGE.criteriaLowerValue}	${taux\|percent:"true"}	${interet}	Already a client New client

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

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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 payment options

Monthly: calculated and payable based on the date the investment was issued ($1,000 minimum).
Twice a year: calculated and payable based on the date the investment was issued ($1,000 minimum).
Annually: calculated and payable based on the date the investment was issued, or compounded annually based on the date the investment was issued and payable at maturity.

For GICs purchased online, interest will only be paid annually.

Access to funds

Cannot be cashed in before maturity.

Posted rates are for annual interest calculations. For monthly interest, the rate is reduced by 0.125%. For quarterly interest, the rate is reduced by 0.05%.

RRSP

Interest payments

Compounded annually on the investment date and payable at maturity.

Transferability

Can be transferred from an RRSP to an RRIF.

Access to funds

Cannot be cashed in before maturity.

Posted rates are for interest payable at maturity (compounded annually).

Additional information

Fixed interest rate for the entire term. 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, 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 RRSP 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.

Legal Disclaimers

1. Offer valid from January 3 to March 1, 2019. This offer cannot be combined with any other offer, promotion or advantage. This offer can be withdrawn at any time. The interest rate is fixed for the entire term. The minimum deposit required is CDN $1,000. The offer applies to an investment in a non-redeemable, fixed-rate guaranteed investment certificate (GIC) at 2.40%, in Canadian dollars, for a term of 19 months, to be invested in an RRSP, a TFSA or a non-registered investment (outside of an RRSP) at National Bank. Interest may be simple or compound, as the client chooses, with the exception of GICs invested in an RRSP, for which interest is compound only. Simple interest is payable annually, depending on the date the investment was issued. Compound interest is calculated on each anniversary date of the investment, compounded annually and payable at maturity. Clients 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).