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Wealth Management

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

Rate: Fixed

Minimum investment: $1,000

Access to funds: No

Investment horizon: 14 to 58 months

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GIC options

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

Where do you want to invest
Term (in months)
Interest type
Term Plan Minimum investment Rate Interest type Get this GIC
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Our advisors can help you choose the GIC that's right for you.

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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%.


Interest payments

Compounded annually on the investment date and payable at maturity.


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).


Interest payments

Interest paid annually or at maturity.

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 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 TFSA or 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. The Diversified GIC – Stability, Series 64, Investors Category ("Diversified GIC – Stability"), the Diversified GIC – Balanced, Series 64, Investors Category ("Diversified GIC – Balanced") and the Diversified GIC – Performance, Series 64, Investors Category ("Diversified GIC – Performance") (or the "Diversified GICs") are not conventional fixed-income instruments, are not suitable for all investor types and carry 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, available on the Diversified GICs page.

2. The variable interest for Diversified GICs is based on the return of the three reference assets comprising the Reference Portfolio, namely, the fixed-rate GIC, the Canadian Precision 10 GIC and the Global Precision 10 GIC, which are weighted differently for each Diversified GIC. The reference portfolio return is equal to the weighted average return of the reference assets calculated as the sum of the weighted return of each of the reference assets. The variable interest will be a percentage of the principal invested on the issue date ("guaranteed interest") and will be limited to a maximum ("maximum interest"), depending on the Diversified GIC selected and specified in the relevant fact sheet.

The reference asset return of the fixed-rate GIC is a percentage specified in the fact sheet.

For the Canadian Precision 10 GIC and the Global Precision 10 GIC, the reference asset return is the arithmetic average of the return on 10 reference stocks having the sixth to fifteenth highest return of the 20 reference stocks in the basket during the period from the issue date to the valuation date, subject to a maximum and minimum as specified in the relevant fact sheet.

If the return on the reference portfolio is not greater than the guaranteed interest at maturity, only the amount of the guaranteed interest and the principal invested on the issue date is payable.

Another great option



Pair the security of a GIC with the growth potential of the stock markets


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Guaranteed interested at maturity



Maximum interest at maturity



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