Cashable GIC

A safe, secure investment that you can cash out anytime

Is this Guaranteed Investment Certificate (GIC) right for you?

Right for you if you

Prefer a low-risk investment with principal and interest rate guaranteed
Want to be able to access your funds after 30 days without penalty

May not be right for you if you

Unlikely to need access to your funds for the term of the GIC
Are willing to give up a guaranteed rate of return and principal protection in exchange for the potential to earn more

Gain peace of mind knowing your principal is secure and your rate is guaranteed

Earn¹ a competitive interest rate

Helps you meet your short-term investment goals

Provides you with the flexibility to withdraw funds at any time after 30 days²

Get a competitive rate and the flexibility to suit your business needs

Receive a guaranteed rate of return

Increase your cashflow with interest income

Withdraw funds anytime for any reason²

Tailor the solution to meet your investment needs

Currency	CAD and USD
Term	1 year
Interest payment options	When you withdraw funds² Every month² At maturity
Minimum investment amount	$500 $5,000 for monthly interest payments
Withdrawal	Any time during your term^2,3

Eligible for CDIC Insurance

The Investment Companion Booklet and Terms & Conditions includes important information about our products, services, and fees. For GIC rates and term options click here (posted rates are applicable to both Small Business and Commercial). For customized solutions, please contact your Relationship Manager.

Scotiabank - INVESTMENT COMPANION BOOKLET
Effective November 1, 2024 | pdf : 691 KB

Download

Terms & Conditions - Scotia Investment Platform Accounts Guaranteed Investment Certificates
N/A | pdf : 189 KB

Download

Interest is accrued daily from the date of initial deposit up to, but not including, the maturity date. Also, interest will be paid/compounded for the leap day in a leap year if the leap day falls within the term the GIC. Where an actual interest rate is disclosed, it is an annual interest rate if held to maturity.

If you redeem your Cashable GIC before the completion date of 30 days from issue date (inclusive), no interest is paid.

Redemption may be subject to clawback. Interest clawback is applied when the GIC is redeemed prior to maturity and accrued interest has already been paid on the GIC. Please speak to your Payments, Cash Management & Deposits Specialist for details.