Canadian Banks GIC Flex Series

Enjoy a GIC with the growth potential of Canadian bank stocks

At a glance¹

What is a Canadian Banks GIC Flex Series?

Choose this GIC for the potential for a higher return tied to the performance of a portfolio of the six Canadian banks (the "Reference Portfolio") and protect your investment at maturity.

Perfect if you are looking to:

Benefit from the stability of Canadian bank stock
Fully protect your initial investment
Make an investment that is eligible for CDIC coverage³

GIC options

If you’re already a client, you can choose the plan in which to invest your GIC (TFSA, RRSP or non-registered account) in a second step.

Term	Plan	Minimum investment	Participation rate	Interest type	Get this GIC
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Our advisors can help you choose the GIC that's right for you.

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Tip

Do you want to know about the return on your investment right from the start? Find out about the non-redeemable GIC.

Little details that matter

Canadian Banks GIC Flex Series info sheet (5 years) [PDF]

Canadian Banks GIC Flex Series info sheet (2 years) [PDF]

Market-Linked GICs and Deposit Notes Bulletin [PDF]

Fact sheet on Canadian Banks GICs Flex Series [PDF]

The Canadian Banks GIC Flex Series is linked to the performance of six Canadian banks.

Eligible for registered and non-registered plans. Non-transferable.

This product is eligible for deposit insurance through the CDIC.³

To invest online, you need to have a National Bank account. Don't have an account? Contact a National Bank branch.

Market-Linked GICs issued from January 18, 2017 to November 15, 2019 are subject to a notice of modification of their terms regarding the absence of instruction regarding the payment of amounts payable after the due date.

The Canadian Banks GIC Flex Series, Series 25, Investors Category (the "Canadian Banks GIC") is not a conventional fixed-income instrument, is not suitable for all investor types and carries some risk. Potential investors should consult the relevant fact sheet before investing. The Bank has issued previous series which may have different terms and conditions. Please refer to the rates bulletin for previous series. Terms and expressions not defined have the meaning given in the relevant fact sheet.
The variable interest for the Canadian Banks GIC Flex Series is calculated based on the performance of the Reference Portfolio, comprised of shares from six Canadian banks. The Reference Portfolio Return is the arithmetic average of the Reference Share Return of each of the Reference Shares comprising the Reference Portfolio, subject to the Maximum Interest, as set out in the relevant fact sheet. A change in the Reference Portfolio has a direct impact on the variable interest paid at maturity. If the return on the Reference Portfolio for the term payable is less than zero, no interest will be paid.
An investment in a Canadian Banks GIC Flex Series is eligible for Canada Deposit Insurance Corporation (CDIC) insurance, up to the maximum coverage amount. See the terms and conditions set out in the CDIC brochure "Protecting Your Deposits," which you can access online at www.cdic.ca or by calling 1-800-461-2342.