GICs & Term Deposits

TD Canada Trust helps you find a GIC/Term Deposit for every savings goal

At TD you can explore the wide range of Cashable GICs and Term Deposits that can help you reach your saving and investing goals. You'll get the security of a guaranteed rate with the flexibility of an early cash-in option.

What types of Cashable GICs & Term Deposits are available?

• TD Special Offer GICs

  Earn a higher rate than traditional GICs and Term Deposits while maintaining all the safety and security you expect. These GICs feature attractive interest rates but are available for a limited time. They are offered in a variety of terms to maturity and account types (non-registered, RSP and TFSA).

  Term	Rates for Non-Registered and TFSA	Rates for RSP
  100 days*	1.40%	1.40%

  * Please note that the TD Special Offer GIC (100 days) is not offered within an RESP or RIF.
  

  
  Apply Now

  
  

  Non-registered and TFSA

  Investment minimum: $1,000

  Cashability:

  • Cashable in full or in part after 30 days, interest paid at prescribed early cashing rate
  • Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

  
  Interest Payment Options:

  • Simple interest¹ calculated on principal amount for the number of days in the term and paid at maturity

  
  

  RSP

  Investment minimum: $500

  Cashability:

  • Cashable in full or in part after 30 days, interest paid at prescribed early cashing rate
  • Minimum withdrawal amount of $500 and minimum remaining balance of $500

  
  Interest Payment Options:

  • Simple interest¹ calculated on principal amount for the number of days in the term and paid at maturity

  
  

  Explore your TD Cashable GIC & Term Deposit options today

  • Visit any TD Canada Trust Branch
  • Or call 1-866-222-3456 to discuss your options

  
  If you have an account with TD Canada Trust you can apply now!
  
  Apply Now

  ¹ Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.
  

  
  
• TD 1 Year Cashable GIC

  This investment features a 1-year term. You have the security of knowing your rate is guaranteed for one year, but should you change your investment goals or require access to funds, you can cash in your TD 1 Year Cashable GIC after 30 days in full or in part, without penalty. For your convenience, the TD 1 Year Cashable GIC will automatically renew Principal and Interest at maturity into a TD 1 Year Cashable GIC ensuring that you don't miss a day of interest.

  Term	Rates for Non-Registered and TFSA	Rates for RSP, RIF, RESP
  1 year	1.00%	1.00%

  
  Apply Now

  
  

  Non-registered and Registered and TFSA

  Minimum investment: $1,000
  Maximum investment: $4,999,999.99

  Cashability:

  • Cashable in full or in part after 30 days. Tiered cashout rates are applicable to early cashing
  • Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

  
  Interest Payment Options:

  • Simple interest¹ paid at maturity or monthly and at maturity

  
  

  Registered and RSP, RESP, RIF

  Minimum investment: $500
  Maximum investment: $4,999,999.99

  Cashability:

  • Cashable in full or in part after 30 days. Tiered cashout rates are applicable to early cashing
  • Minimum withdrawal amount of $500 and minimum remaining balance of $500

  
  Interest Payment Options:

  • Simple interest¹ paid at maturity

  
  

  Explore your TD Cashable GIC & Term Deposit options today

  • Visit any TD Canada Trust Branch
  • Or call 1-866-222-3456 to discuss your options

  
  If you have an account with TD Canada Trust you can apply now!
  
  Apply Now

  ¹ Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.
  

  
  
• 5-Year Stepper GIC

  This GIC has a one year term and automatically renews for four successive one year terms on the maturity/anniversary date. The annual interest rate automatically increases on each maturity/anniversary date. The investment may be cashed in full or in part on the maturity/anniversary date.

  Term	Rates for Non-Registered and Registered (TFSA)	Rates for Registered (RSP, RIF, RESP)
  5 years	Year 1 1.00% Year 2 1.25% Year 3 1.50% Year 4 2.00% Year 5 4.50% Effective Annual Yield 2.042%	Year 1 1.00% Year 2 1.25% Year 3 1.50% Year 4 2.00% Year 5 4.50% Effective Annual Yield 2.042%

  
  Apply Now

  
  

  Non-registered and Registered TFSA

  Minimum investment: $1,000

  Cashability:

  • Cashable in full or in part on each anniversary date. Interest paid on cashing
  • Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

  
  Interest Payment Options:

  • Compound interest¹ calculated annually and paid at maturity

  
  

  Registered RSP, RESP, RIF

  Minimum investment: $500

  Cashability:

  • Cashable in full or in part on each anniversary date. Interest paid on cashing
  • Minimum withdrawal amount of $500 and minimum remaining balance of $500

  
  Interest Payment Options:

  • Compound interest¹ calculated annually and paid at maturity

  
  

  Explore your TD Cashable GIC & Term Deposit options today

  • Visit any TD Canada Trust Branch
  • Or call 1-866-222-3456 to discuss your options

  
  If you have an account with TD Canada Trust you can apply now!
  
  Apply Now

  ¹ Interest is calculated on the original principal plus any accrued interest.
  

  
  
• Term Deposits

  With our suite of Term Deposits, you can benefit from both a guaranteed rate and the flexibility to withdraw all or part of your investment prior to maturity. Term Deposits are well-suited to short-term savings goals such as a car purchase, but also allow for long-term savings with access to your funds if needed. Please note that Term Deposits are not offered within an RSP, RESP or RIF.

  Term	Rates for Non-Registered and TFSA	Rates for RSP, RIF, RESP
  Short-Term
  30 - 59 days	0.46%	n/a
  60 - 89 days	0.61%	n/a
  90 - 119 days	0.66%	n/a
  120 - 179 days	0.66%	n/a
  180 - 269 days	0.82%	n/a
  270 - 364 days	0.82%	n/a
  Long-Term
  1 year	0.70%	n/a
  2 years	0.80%	n/a
  3 years	0.85%	n/a
  4 years	1.00%	n/a
  5 years	1.45%	n/a

  
  Apply Now

  
  Short-Term (30-369 days):
  

  Non-registered and Registered (TFSA)

  Investment minimum: $5,000

  Cashability:

  • Cashable prior to maturity at a pre-encashment rate determined at the time of purchase. Must be held for at least 30 days to earn interest
  • Minimum withdrawal of $1,000 while maintaining at least the minimum investment amount

  
  Interest Payment Options:

  • For terms less than 90 days, simple interest¹ paid at maturity
  • For terms 90 days or greater, simple interest¹ paid monthly and at maturity

  
  Long-Term (1 to 5 years):
  

  Non-registered and Registered (TFSA)

  Investment minimum: $1,000

  Cashability:

  • Cashable prior to maturity at a pre-encashment rate determined at the time of purchase. Must be held for at least 30 days to earn interest
  • Minimum withdrawal of $1,000 while maintaining at least the minimum investment amount

  
  Interest Payment Options:

  • Simple interest¹ paid semi-annually and at maturity

  
  

  Early cashing rates:

  
  

  Term	Rates for Non-Registered and TFSA	Rates for RSP, RIF, RESP
  Short-Term
  0 - 29 days	0.00%	n/a
  30 - 59 days	0.10%	n/a
  60 - 89 days	0.15%	n/a
  90 - 119 days	0.15%	n/a
  120 - 179 days	0.15%	n/a
  180 - 269 days	0.15%	n/a
  270 - 363 days	0.15%	n/a
  Long-Term
  0 - 29 days	0.00%	n/a
  30 - 364 days	0.05%	n/a
  1 - 2 years less a day	0.05%	n/a
  2 -3 years less a day	0.50%	n/a
  3 - 4 years less a day	1.00%	n/a
  4 - 5 years less a day	1.15%	n/a

  
  

  Explore your TD Cashable GIC & Term Deposit options today

  • Visit any TD Canada Trust Branch
  • Or call 1-866-222-3456 to discuss your options

  
  If you have an account with TD Canada Trust you can apply now!
  
  Apply Now

  ¹ Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.
  

  
  

Have a few questions?

We've provided answers to some of the most common questions people have about Cashable GICs and Term Deposits.

• Can I cash out early?

  Yes, cashable GICs and Term Deposits may be cashed-in early, in full or in part, subject to certain terms and conditions.

• How are my earnings taxed?

  Earnings in registered GICs and Term Deposits, such as RSPs or TFSA's are not subject to tax. Earnings received in non-registered GICs and Term Deposits will be taxed as interest income in the year in which it is earned. A T5 is issued after maturity.

• Why are some products called GICs and others called Term Deposits?

  Term Deposits and GICs both offer secured investments with guaranteed returns. The main difference is in the duration of the investment. Term Deposits tend to have shorter investment period of one year or less, while GICs can be locked-in for longer periods of time, up to 5 years.

• Can I buy GICs in registered accounts?

  Yes, GICs can be purchased in both non-registered and registered accounts, including RSPs and TFSAs.