Cashable GICs

Cashable GIC Rates

Get a guaranteed rate and the flexibility to cash out

Current Rates

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

How do I choose the right GIC for me?

The right choice of GIC depends on your financial situation, investment goals and time horizon. Please see below for a comparison of our GIC types:

For example, if you are saving for a new car, a Cashable or Personal Redeemable GIC is a better choice because you have the flexibility to redeem your cash anytime.

In general, less access to your funds will mean higher interest return. Cashable is the most accessible GIC, but will have relatively lower interest rate vs. Market Linked GIC that is least accessible but carries the highest potential interest return.

Key feature and needs Cashable GIC/MPSA Personal Redeemable GIC Non-Redeemable GIC Market-linked GIC
Investor’s need Accessibility coupled with competitive rate Accessibility coupled with competitive rate Earn a guaranteed rate of return Keeping pace with inflation
Principal protection
Flexibility — —
Higher returns — —
Return Guaranteed
Exposure to market — — —

A bank account that does more, means you will too.


Receive Ultimate and Preferred rates on select Non-Redeemable GICs by signing up for an Ultimate Package or Preferred Package.

View Scotia PackagesView Scotia Packages

Plus:

  • One year term GIC’s that can be renewed automatically on maturity.
  • Minimum investment of $500 ($5,000 for monthly interest payments).
  • Available as part of an RRSP, TFSA, RESP, RDSP or Non-Registered portfolio.
  • Interest paid monthly or at maturity*.

Eligible for CDIC Insurance

CDIC Badge

The Investment Companion Booklet and Terms & Conditions includes important information about our products, services, and fees. For GIC rates and term options click here.  

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Interest paid at maturity is the only option available for RRSP.