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Cashable GICs are one-year term investments that can be cashed any time after 30 days without penalty.
This flexibility makes Cashable GICs an excellent choice if you need liquidity or believe interest rates will rise in the short term.
Benefits
- Guaranteed interest rate
- Liquidity
- Security of principal
- Opportunity to reinvest at future higher rates with no penalty
Features
- Can be renewed automatically on the maturity date.
- Issued by The Bank of Nova Scotia, Montreal Trust Company of Canada, and National Trust Company.
Details
| Option |
Term |
Interest
Payment |
Minimum
Investment |
| Cashable GIC |
1 year |
At Maturity |
RSP/Non Reg - $1,000 |
| |
1 year |
Monthly* |
$5,000 |
*Available for non-registered plans only
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