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Competitive Returns Without a Long-Term Commitment
The One-Year Cashable GIC offers a competitive interest rate and maximum flexibility, without the need for a long-term commitment. It’s cashable at any time, and interest is paid right up to the date it’s cashed as long as you’ve held the investment for 30 days or more.
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The One-Year Cashable GIC is an ideal investment alternative if you want to earn a guaranteed competitive return while maintaining maximum access to your funds.
Key Features
- Minimum Investment: $1,0001,2
- Terms: 1 year
- Returns: The rate of return is fixed, and the principal is guaranteed.
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Interest Payment Options:
- Monthly2
- Semi-annually
- At maturity
- At time of redemption if held 30 days or longer
- Access to Funds: Fully or partially cashable at any time.3
- CDIC Eligible: Yes2
Benefits
Competitive Interest Rates
Competitive interest rates without long-term commitment – one-year term.
Flexibility
Easy access to your money when you need it.
Security
Guaranteed rate of return
Penalty Free
Cashable in Full or in Part after 30 Days
- No interest paid if cashed in the first 29 days
- Interest is calculated on a daily basis for early redemption, if held a minimum of 30 days
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