With the Redeemable Plus GIC, you get a fixed interest rate and the option of cashing in your investment after a year, penalty-free.
Select the term and interest type of your redeemable plus GIC. If you’re already a client, you can choose the plan in which to invest your GIC (TFSA, RRSP or non-registered account) in a second step.
| Term | Minimum investment | Rate | Interest type | Get this GIC |
|---|---|---|---|---|
| ${productCriteria.TERMRANGE.criteriaNumericValue} months | $${productCriteria.AMTRANGE.criteriaLowerValue} | ${taux|percent:"true"} | ${interet} |
Our advisors can help you choose the GIC that's right for you.
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Non-registered plan
Interest payment options
For GICs purchased online, interest can only be paid annually.
Access to funds
Can be cashed in prior to the maturity date under the following conditions:
Posted rates are for interest calculated annually. For monthly interest, the rate is reduced by 0.125%. For interest paid twice a year, the rate is reduced by 0.05%.
RRSP
Interest payments
Compounded annually on the investment anniversary and paid at maturity.
Transferability
Transferable from an RRSP to an RRIF.
Access to funds
Can be cashed in prior to the maturity date under the following conditions:
Posted rates are for interest payable at maturity (compounded annually).
TFSA
Interest payments
Interest paid annually or at maturity.
Transferability
Non-transferable.
Access to funds
Can be cashed in prior to the maturity date under the following conditions:
Additional information
Fixed interest rate for the entire term Interest is calculated annually.
Automatic renewal: Unless otherwise instructed, we will automatically renew GICs invested in an RRSP or in a non-registered plan 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. TFSA: the principal amount of the GIC and interest earned are paid into the cash portion of the TFSA. Offer for Personal Banking clients.
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 [PDF].
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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Great for short-term saving—access your funds at any time.
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