Guaranteed Investment Certificates (GICs)

Power your ideas with a guaranteed investment

Choose a GIC


What is a GIC?

You entrust a sum of money to the bank for a specific period of time—terms range from 30 days to 10 years.

Your investment earns you interest and the original amount (principal) is 100% protected.

Perfect if you are looking to:

  • Guarantee your original investment
  • Get a guaranteed return on your investment
  • Take advantage of market potential

Choosing the right GIC

Fixed-rate GIC


Get a fixed rate of return for a specific term.

Why choose it
Get a guaranteed return on your investment.

Market-linked GIC


Interest is tied to the performance of stocks and stock market indices.

Why choose it
Leverage market potential.

Non-redeemable GIC


You can’t cash in your investment before the maturity date.

Why choose it
Enjoy a competitive interest rate.

Redeemable GIC


You can cash in your investment at any time.

Why choose it
Funds can be accessed as needed, although the interest rate is slightly lower than that of a non-redeemable GIC.

Compound interest GIC

Compound interest

Interest is earned on your initial investment as well as on the interest generated over time.

Why choose it
Get the most out of your GIC by earning interest on your interest.

Simple interest GIC

Simple interest

Interest is only calculated on your initial investment.

Why choose it
Interest is payable throughout the term of your GIC.

Registered plan GIC

Registered plan

Your GIC can be placed in an RRSP or TFSA.

Why choose it
Grow your investment tax-free.

Unregistered account GIC

Unregistered account

Your investment is held in an unregistered account (without a plan).

Why choose it
Save without having to worry about contribution limits, withholding taxes or withdrawal fees.

Featured GICs

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Choose a GIC

Select the term and interest type of your GIC. If you’re already a client, you can choose the plan in which to place your GIC (TFSA, RRSP or non-registered account) in a second step.  

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Four categories of GIC

Redeemable GICs

Access your investment when you need cash.

Redeemable GIC
Can be cashed in at any time.

Redeemable Without Penalty GIC
Redeemable after 30 days or 6 months.

Redeemable Plus GIC
Can be redeemed every year.


Non-redeemable GICs

Enjoy a competitive interest rate and variable terms.

Non-redeemable GICs
Short, medium or long-term investment.

Monthly Cash Management GIC
Cash in your GIC after 30 days.

Extra GIC
Cash in your GIC after 90 days.


Optimarket GIC™ (market-linked)

Offers great growth potential.

Diversified GIC Flex Series
Combine two market-linked GICs and a fixed-rate GIC with predictable returns.

Canadian Bank GIC Flex Series
Leverage the growth potential of Canadian banks.

Canadian Market GIC Flex Series 
Leverage the potential of the S&P/TSX 60 Index.


Grow your investment in US dollars.

Non-Redeemable USD GIC
Benefit from a competitive interest rate.

Redeemable USD GIC
Access your funds when you want.


Get help choosing your GIC from one of our expert advisors.

Make an appointment

Little details that matter

Featured GIC rates are subject to change at any time.

TM National Bank Optimarket GIC is a trademark of National Bank of Canada.

Interest is calculated annually.

Guaranteed investment certificates (GICs) are covered by the Canada Deposit Insurance Corporation (CDIC). Find out more about the coverage offered by CDIC.

Explore our other savings and investment solutions

Managed solutions and investment funds

Trust our experts to manage your investments.

Check out our managed solutions and investment funds

Savings account

Great for short-term saving—access your funds at any time.

See savings account

See all our solutions

Learn more about GICs

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