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Non-Redeemable Escalarater GIC

A rate that changes over time

 

At a glance

What is the Non-Redeemable Escalarater GIC?

With the Non-Redeemable Escalarater GIC, your principal is invested for a term of three to five years. The interest rate goes up each year, so you enjoy better overall returns.

Perfect if you're looking to:

  • Earn interest at a competitive rate, risk-free
  • Get a guaranteed return on your investment

Rate: Fixed

Minimum investment: $500

Access to funds: No

Investment horizon: 3 or 5 years

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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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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

Compounded annually on the investment date at the average rate and payable at maturity.

Access to funds

Cannot be cashed in before maturity.

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

RRSP

Interest payments

Compounded annually on the investment date at the average rate and payable 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 (compounded annually).

TFSA

Interest payments

Compounded annually on the investment date at the average rate and payable 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 (compounded annually).

Additional information

Stable and predictable income. Interest is calculated annually.

Automatic renewal: Unless otherwise instructed, we will automatically reinvest your funds at maturity in a GIC with a term of one year, at the prevailing rate. The new GIC cannot be cashed in before the new maturity date. You will have 10 business days after the new GIC is issued to cancel the renewal.

For information on fees related to RRSPs and TFSAs, refer to our Fee Guide.

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

For information on our rate increase or new fee notification procedure, refer to our Fee Guide.

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.

Another great option

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Explore our other savings and investment solutions

Managed solutions and investment funds

Trust our experts to manage your investments.

 

See our managed solutions and investment funds

Savings accounts

Great for short-term saving—access your funds at any time.

 

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Ready to start saving?

Talk to one of our experts for personalized advice or sign in to National Bank online to invest.

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