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Cashable GICs & Term Deposits

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

How to Apply

Visit any TD Canada Trust Branch
or call 1-866-222-3456

If you have an account with TD Canada Trust:
Apply now

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?

Safety and security

Your original investment and interest payments are guaranteed.

Competitive interest rates

These rates are guaranteed for the term of your investment.

Flexible terms

Terms range from 30 days to five years.

Access to your funds

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

Explore your TD Cashable GIC & Term Deposit options today

Visit any TD Canada Trust Branch

Call 1-866-222-3456 to discuss your options

If you have an account with TD Canada Trust you can apply now.

Apply now

TD Canada Trust helps you find the 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).

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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.

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

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

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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.

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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.

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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.

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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.

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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.

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Explore your TD Cashable GIC & Term Deposit options today

Visit any TD Canada Trust Branch

Call 1-866-222-3456 to discuss your options

If you have an account with TD Canada Trust you can apply now.

Apply now

Have a few questions?

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

Expand 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.

Expand How are my earnings taxed?

Earnings in GICs and Term Deposits held in a registered plan, such as RSPs are tax-deferred and tax-free when held in a TFSA. Earnings received on 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.

Expand 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 a shorter investment period of one year or less, while GICs can be locked-in for longer periods of time, up to 5 years.

Expand Can I buy GICs in registered accounts?

Yes, GICs can be purchased within both non-registered or registered accounts, such as RSPs and TFSAs.