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GICs & Term Deposits

Cashable GICs & Term Deposits

Cashable GICs & Term Deposits give you the flexibility of cashing early.

TD Cashable GICs & Term Deposits

A Cashable GIC or Term Deposit can be a great investment for short and long-term goals, like saving for a major purchase, wedding costs, and retirement because you get the guaranteed rate of return for the period of your term, plus you can get access to your funds.

What are the benefits of TD Canada Trust Cashable GICs & Term Deposits?

1. Safety and security

Your principal investment is guaranteed.

2. Competitive interest rates

These rates are guaranteed for the term of your investment.

3. Flexible terms

Terms range from 30 days to five years.

4. Access to your funds

Cashable in full or in part, subject to certain terms and conditions.

TD Canada Trust Cashable GICs & Term Deposits

Take a look at the TD Canada Trust Cashable GIC and Term Deposit options available to you.

Find Out More

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

A Cashable GIC or Term Deposit is a good investment option if you're looking to reach your savings goal in the:

short, mid or long-term

Laddering GICs

Laddering GICs

Find out how a laddered maturities plan can help you maximize returns.

Learn more

Retirement Savings Calculator

There's comfort in knowing where you stand today and what you still need to save.

Try the calculator

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 and limited time periods. They are offered in a variety of terms to maturity and account types (non-registered, RSP and TFSA).

    TD Special Offer GIC - 100 Days*
    Rates for Non-registered
    and TFSA
    Rates for RSP
    $1,000 - $24,999.99 = 1.10%
    $25,000 + = 1.20%
    $500 - $24,999.99 = 1.10%
    $25,000 + = 1.20%

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

    Apply Now

    Non-registered and TFSA
    100 days

    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
    100 days

    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 3 Year Premium Rate Cashable GIC

    This investment features a 3 year term. You have the security of knowing your rate is guaranteed for 3 years, but, should you change your investment goals or require access to funds, you can cash in your TD 3 Year Premium Rate Cashable GIC at any time subject to the tiered pre-encashment rates and to a minimum redemption amount and minimum remaining balance . For your convenience, the TD 3 Year Premium Rate Cashable GIC will automatically renew principal only at maturity into a TD 1 Year Cashable GIC , ensuring that you don't miss a day of interest.

    TD 3 Year Premium Rate Cashable GIC
    Rates for Non-registered
    and TFSA
    Rates for RSP
    $1,000 - $24,999.99 = 1.60%
    $25,000 + = 1.65%
    $500 - $24,999.99 = 1.60%
    $25,000 + = 1.65%

    *Please note that the TD 3 Year Premium Rate Cashable GIC is not offered within an RESP or RIF.

    Apply Now

    Non-registered and TFSA

    Investment minimum: $1,000

    Cashability:
    • Cashable at any time. Tiered cash out rates are applicable to early cashing. The interest rate paid is determined by the pre-encashment schedule established at the time of issue. Redemptions prior to 91 days will pay no interest.
    • Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

    Interest Payment Options:
    • Simple interest1 paid annually and at maturity

    Registered RSP

    Investment minimum: $500

    Cashability:
    • Cashable at any time. Tiered cash out rates are applicable to early cashing. The interest rate paid is determined by the pre-encashment schedule established at the time of issue. Redemptions prior to 91 days will pay no interest.
    • Minimum withdrawal amount of $500 and minimum remaining balance of $500

    Interest Payment Options:
    • Simple interest1 paid annually and 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 365 day term. You have the security of knowing your rate is guaranteed for 365 days, 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
    365 days 0.80% 0.80%

    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. Original contract rate applies 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. Original contract rate applies 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.

  • TD 1 Year US Dollar Cashable GIC

    This US dollar investment features a 365 day term. You have the security of knowing your rate is guaranteed for the entire term, but should you change your investment goals or require access to funds, you can cash in your TD 1 Year US Dollar Cashable GIC after 30 days in full or in part, without penalty. For your convenience, the TD 1 Year US Dollar Cashable GIC will automatically renew principal and interest at maturity into a TD 1 Year US Dollar Cashable GIC, ensuring that you don't miss a day of interest.

    Term Rates for
    Non-Registered
    Rates for
    RSP, RIF, RESP
    365 days 0.05% N/A


    Apply Now

     

    Non-registered Only

    Minimum investment: $1,000 USD

    Cashability:

    • Cashable in full or in part after 30 days. Original contract rate applies to early cashing
    • Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000


    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 1.15%
    Year 3 1.40%
    Year 4 1.65%
    Year 5 4.00%
    Effective Annual Yield 1.834%
    Year 1 1.00%
    Year 2 1.15%
    Year 3 1.40%
    Year 4 1.65%
    Year 5 4.00%
    Effective Annual Yield 1.834%

    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 0.35% n/a
    60 - 89 days 0.50% n/a
    90 - 119 days 0.55% n/a
    120 - 179 days 0.80% n/a
    180 - 269 days 0.70% n/a
    270 - 364 days 0.70% n/a
    Long-Term
    1 year 0.70% n/a
    2 years 0.80% n/a
    3 years 1.00% 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 $5,000 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 0.55% n/a
    3 - 4 years less a day 0.65% n/a
    4 - 5 years less a day 0.70% 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.

Laddering GICs

Laddering GICs

Find out how a laddered maturities plan can help you maximize returns.

Learn more

Have some more questions?

Consult our Frequently Asked Questions.

Learn more

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.

GIC & Term Deposit Glossary

Cashability
This refers to the ability to redeem your guaranteed investment for cash at your convenience and withdraw funds before the original maturity date.

Laddering
The strategy of purchasing a series of GICs with gradually increasing terms (usually from one to five years).

Principal
The initial amount invested in the GIC.

Return
The interest you may earn during the term of your investment.

Term
The period of the investment, which can range from 30 days to 5 years.