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GICs & Term Deposits
GIC Comparison Charts
Canadian Dollar Products
U.S. Dollar Products
Canadian Dollar Products
Cashable Products
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Term |
Minimum Investment |
Interest Payment Options |
 Term Deposits |
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| You will benefit from both a guaranteed rate and flexibility as you can
withdraw all or part of your funds prior to maturity at a reduced rate.
Term Deposits are well-suited to short-term savings goals such as a car
or home purchase but also allow for long-term savings with access in the
event that funds are urgently required. Please note that Term Deposits are
not offered within an RSP, RESP or RIF. |
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Non–registered and Registered (TFSA) |
30 to 364 days
(short-term) |
$5,000 |
For terms less than 90 days: Paid at maturity
For terms 90 days or greater: Paid monthly & at maturity |
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Non–registered and Registered (TFSA) |
1
to 5 years
(long-term) |
$1,000 |
Paid
semi-annually and at maturity |
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Cashability:
- After 30 days in full or in part. Interest paid at prescribed early cashing rate on redemption.
- Minimum withdrawal of $1,000 while maintaining at least the minimum investment balance.
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Wait and See |
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| This investment features a 1-year term. You have the security of knowing your rate is guaranteed for the full term. During the term you may change your investment goals, require access to cash or wish to respond to an increase in interest rates. With the Wait and See you can respond to these changes in your situation as you can redeem in full or in part after 30 days without penalty. Interest is paid at maturity or on redemption. |
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Non-registered and Registered (TFSA) |
1 year |
$1,000 |
Paid at maturity |
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Registered (RSP, RESP, RIF) |
1 year |
$500 |
Paid at maturity |
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Cashability:
- After 30 days in full or in part. Interest paid on redemption.
- Minimum withdrawal of $1,000 for non-registered and $500 for Registered, while maintaining at least the minimum investment balance.
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Money Market GIC |
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| This GIC is a 1-year investment that offers a variable rate linked to the changes in TD Bank's 30-day Banker's Acceptance (BA) rates. The rate is set on the last business day of each month and takes effect the following day. You have the ability to redeem this GIC after 30 days without penalty. Interest is compounded monthly and paid at maturity or on redemption.
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Non–registered and Registered (TFSA) |
1 year |
$1,000 |
Compounded monthly and paid at maturity |
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Registered (RSP, RESP, RIF) |
1 year |
$500 |
Compounded monthly and paid at maturity |
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Cashability:
- After 30 days in full. Interest paid on redemption.
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Premium Rate Redeemable GIC |
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| This 2-year GIC provides you with the security of a premium rate if held to maturity yet allow you the flexibility to fully redeem anytime after 90 days at a reduced rate, should you wish to access your investment prior to maturity. Interest is paid semi-annually and at maturity. |
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Non–registered and Registered (TFSA) |
2 years |
$1,000 |
Paid semi-annually and at maturity |
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Registered (RSP, RESP, RIF) |
2 years |
$500 |
Paid semi-annually and at maturity |
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Cashability:
- After 90 days in full. Interest paid at the prescribed early cashing rate on redemption.
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1 + 1 GIC |
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| This investment features a 2-year term with a competitive rate of interest in the first year and a higher rate of interest in the second year. During the term you may change your investment goals, require access to cash or wish to react to an increase in interest rates. With a 1 + 1 GIC, you can respond to these changes in your situation - you can redeem the investment in full on the first anniversary date. Interest is compounded annually and paid at maturity or on redemption. |
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Non–registered and Registered (TFSA) |
2 years |
$1,000 |
Compounded annually and paid at maturity |
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Registered (RSP, RESP, RIF) |
2 years |
$500 |
Compounded annually and paid at maturity |
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Cashability:
- On the anniversary date in full. Interest paid on redemption.
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Triple Value GIC |
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| This investment features a 3-year term with guaranteed rates that escalate in the second and third year. During the term you may change your investment goals, require access to cash or wish to react to an increase in interest rates. With a Triple Value GIC, you can respond to these changes in your situation - you can redeem the investment in full on the first or second anniversary dates. Interest is compounded annually and paid at maturity or on redemption. |
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Non–registered and Registered (TFSA) |
3 years |
$1,000 |
Compounded annually and paid at maturity |
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Registered (RSP, RESP, RIF) |
3 years |
$500 |
Compounded annually and paid at maturity |
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Cashability:
- On each anniversary date in full. Interest paid on redemption.
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5-Year Stepper GIC |
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| This investment features a 5-year term with an annual interest rate that increases on each anniversary date. But you also get the option of redeeming all or a portion of your investment on each anniversary date of the purchase of your GIC. Interest is compounded annually and paid at maturity or on redemption. |
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Non–registered and Registered (TFSA) |
5 years |
$1,000 |
Compounded annually and paid at maturity |
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Registered (RSP, RESP, RIF) |
5 years |
$500 |
Compounded annually
and paid at maturity |
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Cashability:
- On each anniversary date in full or in part. Interest paid on redemption.
- Minimum withdrawal of $1,000 for non-registered and $500 for Registered, while maintaining at least the minimum investment balance.
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Non Cashable Products
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Term |
Minimum Investment |
Interest Payment Options |
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Guaranteed Investment Certificates (GICs) |
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GICs can meet both short term and long-term savings goals and are well-suited to an investment strategy of Laddered Maturities.(Click here to learn more about the benefits of Laddering Maturity dates.) Canadian dollar GICs are also available within registered accounts.
Short-Term Option
The minimum investment in a TFSA or outside of an RSP is $5000 and you can choose a term from 30 to 364 days. Within your RSP, RESP or RIF , the minimum investment is $2000 and you can choose a term from 90 to 364 days. Interest is paid at maturity.
Long-Term Option
The minimum investment in a TFSA or outside of an RSP is $1,000 and you can choose a term of 1 to 5 years. Within your RSP, RESP or RIF the minimum investment is $500. Interest can be paid in one of three ways: compounded annually and paid at maturity; paid out semi-annually and at maturity; paid out annually and at maturity. Please note that for a minimum investment amount of $5,000 or more in a TFSA or non-registered GIC, you can choose to receive your interest payments on a monthly basis. This investment cannot be cashed prior to maturity (cashable for RESP/RIF payments only). |
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Non–registered and Registered (TFSA) |
30 to 394 days |
$5,000 |
Paid at maturity |
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Registered
(RSP, RESP,RIF) |
90 to 364 days |
$2,000 |
Paid at maturity |
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Non–registered and Registered (TFSA) |
1 to 5 years |
$1,000 |
- Compounded annually and paid at maturity
- Paid semi-annually and at maturity
- Paid annually and at maturity
Paid monthly with minimum investment of $5,000 |
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Registered
(RSP, RESP, RIF)
(Cashable for RESP/RIF payments only) |
1 to 5 years |
$500 |
- Compounded annually and paid at maturity
- Paid semi-annually and at maturity
- Paid annually and at maturity
Paid monthly with minimum investment of $5,000 |
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GIC with Special Pricing |
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| This investment features a competitive interest rate. It is suitable for investors who can lock in for the term since it is not cashable prior to maturity (cashable for RESP/RIF payments only). |
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Non–registered and Registered (TFSA) |
30 to 59 days |
$25,000 |
Paid at maturity |
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Non–registered and Registered (TFSA)
Registered (RSP,RIF) (Cashable for RIF payments only) |
90 to 119 days |
$25,000 |
Paid at maturity |
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Non–registered and Registered (TFSA) |
1 year |
$1,000 |
Paid at maturity |
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Registered
(RSP, RESP, RIF)
(Cashable for RESP/RIF payments only)
Not available in a RESP for $100,000 GIC with Special Pricing |
1 year |
$500 |
Paid at maturity |
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90 Day Auto-renew Special GIC |
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| This low maintenance investment auto-renews every 90 days. You can continue to earn a premium short-term rate indefinitely while maintaining access to your funds every 90 days.
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Non–registered and Registered (TFSA) |
90 days |
$1,000 |
Paid at maturity |
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Premium Rate Business GIC |
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| Exclusively available to Small Business Banking customers, this GIC was designed to consistently provide a premium rate of interest on your short term investment. You are given a premium rate with no negotiating required, so you can focus on running your business and spend less time worrying about interest rates. |
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Non–registered |
90 days |
$100,000 |
Paid at maturity |
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- Available to Small Business Customers Only
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Special Edition 19-Month GIC |
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| This investment features a 19-month term which, when combined with other term investments you may choose, provides the ability to stagger maturity dates to better protect yourself from the ups and downs of the interest rate environment. Like regular GICs, this investment cannot be cashed prior to maturity (cashable for RESP/RIF payments only). Interest is paid at maturity. |
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Non–registered and Registered (TFSA) |
19 months |
$1,000 |
Paid at maturity |
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Registered
(RSP, RESP, RIF)
(Cashable for RESP/RIF payments only) |
19 months |
$500 |
Paid at maturity |
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Market Growth GICs |
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| These investments feature a 3 or 5-year term. Returns for Market Growth GICs are linked to the performance of one or more stock market indices while your principal is fully guaranteed. Like regular GICs, these investments cannot be cashed prior to maturity (cashable for RESP/RIF payments only). Interest, if any, is paid at maturity. |
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Non–registered and Registered (TFSA) |
3 or 5 years |
$1,000 |
Return if any, paid at maturity |
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Registered
(RSP, RESP, RIF) |
3 or 5 years |
$500 |
Return if any, paid at maturity |
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Security GIC Plus |
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| The Security GIC Plus offers the potential for stock market returns while providing a guaranteed minimum interest return and principal protection. With the Security GIC Plus, at maturity, you receive your principal and the guaranteed minimum interest return plus a bonus interest return, if any. The bonus interest return is linked to the combined performance of the S&P/TSX Banks Index and the S&P/TSX Capped Utilities Index, with a 50% weighting to each. This investment cannot be cashed prior to maturity). Please note, the Security GIC Plus is not offered within an RESP or RIF. |
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Non–registered and Registered (TFSA) |
3 or 5 years |
$1,000 |
Return if any, paid at maturity |
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Registered
(RSP) |
3 or 5 years |
$500 |
Return if any, paid at maturity |
U.S. Dollar
Cashable Product
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Term |
Minimum Investment |
Interest Payment Options |
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U.S.$ Term Deposit |
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| US Dollar Term Deposits can be excellent investments for your short-term savings goals. These deposits are cashable fixed term investments paying a competitive rate of interest that is guaranteed for the duration of the term. For a minimum investment of $5,000, you can choose a term from 30 to 364 days. For terms less than 30 days, a minimum investment of $100,000 is required. US Dollar Term Deposits are well suited to short-term savings goals such as a long-awaited vacation.
Interest on US Dollar Term Deposits is calculated on the principal amount and is paid at maturity. There is no withholding tax for non-residents. |
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Non-registered |
1- 29 days
30-364 days |
$100,000
$5,000 |
Paid at maturity
(no interest if cashed prior to maturity) |
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Cashability:
- Cashable in full or part
- Minimum withdrawal of $1,000 while maintaining at least the minimum investment amount.
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Non Cashable Products
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Term |
Minimum Investment |
Interest Payment Options |
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U.S. $ GIC |
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| For a minimum investment of $ 1,000, you can choose a term of 1 to 5 years. Interest is paid annually and at maturity in U.S. dollars. |
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Non-registered |
1 to 5 years |
$1,000 |
Paid annually and at maturity |
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