Conventional Fixed-Rate GICs

Non-Redeemable GIC
Redeemable GIC

TermNote Plus GIC
Redeemable $US GIC
Non-Redeemable $US GIC


Non-Redeemable GIC

Also available for use in an RRSP or TFSA


Providing the security of a fixed interest rate for the entire term, as well as predictable returns, non-redeemable GICs are an excellent choice for investors who want to deposit their money for a set period.

Type Guaranteed-capital
Investment horizon 1 month to 5 years
Risk level
Minimum investment $1000 (1 year or more) or $5000 (less than 1 year)
Interest payment options
  • Monthly, calculated and payable on the deposit date ($5,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($5,000 minimum investment)
  • Annually, calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity(
  • Interest paid at maturity (for terms under 1 year)
N.B.: Only the annual interest payment option is available when an investment is made online.
Transferability Can be transferred from an RRSP to a RRIF
Registered plan eligibility RRSP, RRIF, TFSA
Access to funds

Not redeemable before maturity

Return (%)



Term

Rate

Simple

Compounded

1 month

%

3 months

%

6 months

%

1 year

%

18 months

%

2 years

%

3 years

%

4 years

%

5 years

%

N.B: The interest rates posted are the interest calculated annually. For monthly interest, the rate is reduced by 0.125%. For semi-annual interest, the rate is reduced by 0.05%.

  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
    *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

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Redeemable GIC

Also available for use in a TFSA


This GIC is redeemable at any time with an interest rate payable based on the length of the investment. This product is perfect for investors who know they will need cash but not exactly when.

Type Guaranteed-capital
Investment horizon 1 month to 5 years
Risk level
Minimum investment

$1000 (1 year or more) or $5000 (less than 1 year)

Interest payment options
  • Monthly, calculated and payable on the deposit date ($5,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($5,000 minimum investment)
  • Annually, calculated and payable on the anniversary date
  • Interest paid at maturity (for terms under 1 year)
N.B.: Only the annual interest payment option is available when an investment is made online.
Transferability Can be transferred from an RRSP to a RRIF
Registered plan eligibility RRSP, RRIF, TFSA
Access to funds
  • Redeemable before maturity.
  • Reduced interest rate applied to the portion of the principal redeemed. This rate will be based on the term elapsed as posted at the branch. No interest is paid if the GIC is redeemed during the first 30 days after the issue date.
  • Partial redemption allowed before maturity (except for GICs in registred plans): In $1,000 portions as long as a minimum balance is maintained:
    • $1,000 minimum balance for GIC with a term of 1 year or more
      or
    • $5,000 minimum balance for GIC with a term of less than 1 year
Return (%)

Term

Rate

1 month

%

3 months

%

6 months

%

1 year

%

2 years

%

3 years

%

4 years

%

5 years

%

(1)N.B: The interest rates posted are the interest calculated annually. For monthly interest, the rate is reduced by 0,125%. For semi-annual interest, the rate is reduced by 0,05%.

  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
    *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

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TermNote Plus GIC

Also available for use in a RRSP


Fixed-term GIC with a superior interest rate. This non-redeemable GIC is an excellent choice for investors who want to benefit from a higher interest rate by depositing their money for a longer term. Enjoy the security of a fixed interest rate for the entire term of the investment as well as a guaranteed return.

Type Guaranteed-capital
Investment horizon 61 months to 10 years
Risk level
Minimum investment $1,000
Interest payment options
  • Monthly, calculated and payable on the deposit date ($5,000 minimum investment)
  • Semi-annually, calculated and payable on the deposit date ($5,000 minimum investment)
  • Annually, calculated and payable on the anniversary date, or compounded annually on the anniversary date and payable at maturity
N.B.: Only the annual interest payment option is available when an investment is made online.
Transferability Can be transferred from an RRSP to a RRIF (61 months excluded)
Registered plan eligibility RRSP and RRIF (61 months excluded)
Access to funds Not redeemable before maturity
Return (%)

Term

Rate

Simple

Compounded

61 months

%

6 years

%

7 years

%

8 years

%

9 years

%

10 years

%

N.B: The interest rates posted are the interest calculated annually. For monthly interest, the rate is reduced by 0,125%. For semi-annual interest, the rate is reduced by 0,05%.

  • Fixed-term GIC offering a higher return than conventional GICs because the term is longer.
  • The interest rate is fixed for the entire term.
  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
    *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.
  • To contribute, you need a National Bank account. To open an account, please visit one of our branches.

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Redeemable US$ GIC



This type of GIC is issued in US$ and offers a guaranteed fixed rate for terms of 30 days to 5 years. Redeemable at any time, this GIC gives you access to your funds in case of an unforeseen expense. However, early redemptions are subject to an interest rate adjustment based on the elapsed term.

Type Guaranteed-capital
Investment horizon 30 days to 5 years
Risk level
Minimum investment $5,000
Interest payment options
  • Simple interest, paid in US$ only.
  • Terms of less than 1 year: Interest paid at maturity
  • Terms of 1 year or more: Interest paid semi-annually (April 30 and October 31)
Transferability Cannot be transferred
Registered plan eligibility Not eligible for registred plans
Access to funds
  • Redeemable before maturity at reduced interest rate applied to the portion of the principal redeemed. This rate will be based on the portion of the term elapsed and the redemption rates in effect at the time of redemption as posted at the branch. No interest is paid if the GIC is redeemed during the first 30 days after the issue date.
  • Maximum three redemptions during the term
  • $500 minimum redemption
Return (%)

Term

Rate

1 month

%

3 months

%

6 months

%

1 year

%

2 years

%

3 years

%

4 years

%

5 years

%

  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
    *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.

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Non-Redeemable US$ GIC



This type of GIC is issued in US$ and offers investors guaranteed fixed rates for terms of 30 days to five years that are higher than rates on redeemable investments. However, early redemption is not permitted.

Type Guaranteed-capital
Investment horizon 30 days to 5 years
Risk level
Minimum investment $5,000
Interest payment options
  • Simple interest, paid in US$ only.
  • Terms of less than 1 year: Interest paid at maturity
  • Terms of 1 year or more: Interest paid semi-annually (April 30 and October 31)
Transferability Cannot be transferred
Registered plan eligibility Not eligible for registred plans
Access to funds

Not redeemable before maturity

Return (%)

Term

Rate

1 month

%

3 months

%

6 months

%

1 year

%

2 years

%

3 years

%

4 years

%

5 years

%

  • Authorization to renew at maturity: At maturity, unless otherwise notified by the depositor, the GIC and any renewal thereof will be renewed for the same amount (including accrued and unpaid interest) and for the desired term* at the interest rate in effect at that time. The depositor has 10 business days following the date of issuance of the renewed deposit type instrument to cancel it.
    *Equivalent to the initial to the initial term or any other term available within the product chosen and specified by the depositor.
  • Does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act. Fully guaranteed by National Bank.

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