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Non-redeemable GICs

Power your short- and long-term projects

At a glance

What is a Non-Redeemable GIC?

Get a fixed return on your investment and choose from a variety of terms depending on your investment horizon.

Perfect if you are looking to:

  • Earn interest at a competitive rate, risk-free
  • Choose from a number of terms (one month to five years)
  • Get a guaranteed return on your investment

Rate: Fixed

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

Access to funds: No

Investment horizon: 1 month to 5 years

Investment horizon image

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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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.
  • At maturity: for terms of less than one year.

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 payment options

  • Compounded annually on the investment date and payable at maturity.
  • For terms of less than one year, payable at maturity only.


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 and at maturity.


Cannot be transferred.

Additional information

Fixed interest rate for the entire term. Interest is calculated annually.

Automatic renewal for RRSPs and non-registered GICs: 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.

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

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 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.

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Minimum investment

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Maximum interest at maturity



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