Redeemable GIC
Earn interest with the flexibility to redeem before maturity (at a reduced rate).1
Product benefits
- Gain peace of mind knowing no matter what happens in the market, you can cash in early
- Boost your cash flow with interest income
- Help meet your short-term and long-term investment goals
Is this Guaranteed Investment Certificate (GIC) right for you?
![check mark icon](/content/scotiabank/ca/en/small-business/business-banking/savings-gics/redeemable-gic/_jcr_content/main-par/section_container/section-container-par/row_copy_1262861318_/row-par-1/image_copy.img.png/1686939663037.png)
Right for you if you:
- Prefer a low-risk investment with principal and interest rate guaranteed
- You want to be able to redeem part or all of your principal at a predetermined interest rate
![caution icon](/content/scotiabank/ca/en/small-business/business-banking/savings-gics/redeemable-gic/_jcr_content/main-par/section_container/section-container-par/row_copy_1262861318_/row-par-2/image_copy_copy.img.png/1686939677288.png)
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
Product details
Currency | CAD to USD |
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Term options | 1 to 5 years |
Withdrawal | Funds can be withdrawn before maturity1 |
Additional details |
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Related services
Right Size Savings for business
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Business Investment Account
Grow your surplus funds with a competitive interest rate.
Dual Rate Investment Account
Operate your business and save surplus funds – all with a single account.
Resources
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1
You are able to withdraw your funds at a reduced interest rate. Please speak with a Small Business Advisor for details.