GIC rates and guaranteed investments

Discover our best rates and investment solutions tailored to your organization

GIC rate as of January 23, 2023 ¹ ⁻ ²

Investment
type

Conditions

Issuers

Gross
rate¹

High Interest Accounts

redeemable in 24 hours

Major Canadian Banks

4.25%

1 year GIC 

redeemable without penalty after 30 days

National Bank

4.60%

2 months GIC

Non-redeemable

National Bank

4.70%

3 months GIC

Non-redeemable

National Bank

4.85%

6 months GIC

Non-redeemable

National Bank

5.10%

9 months GIC

Non-redeemable

National Bank

5.20%

1 year GIC

Non-redeemable

National Bank

5.28%

18 months GIC

Non-redeemable

Bank of Montreal

5.01%

2-year GIC

Non-redeemable

National Bank

4.80%

3-year GIC

Non-redeemable

National Bank

4.65%

4-year GIC

Non-redeemable

National Bank

4.50%

5-year GIC

Non-redeemable

National Bank

4.50%

Some important details:

  • Management fees are to be expected
  • The rates presented were negotiated for tranches of $500,000 and more

Structured fixed income as of January 23, 2023 ¹ ⁻ ²

Notes

Terms

Underlying

Structures

Capital protection

Sales  period  

Bank of Montreal Solactive Canada Bank 40 AR Index AutoCallable Principal Protected Deposit Notes, Series 104

** FEBRUARY ISSUE **

7 years

(If not redeemed)

Indice Solactive

Canada Bank 40 AR

Redemption rates :
9,35 % | 18,7 % | 28,05 % | 37,4% | 46,75 % | 56,1 % | 65,45 %

100% capital protection at maturity

 

 

Until Feb. 1st

Issued on
Feb. 6

 

Extendible Flex GICs with Coupons, Series 29

 

** OPEN WEDNESDAY **

3 years

(If not redeemed)

s.o.


Fixed coupons paid on a
semi-annual basis

Extendable annually after year 

Annualized Coupons :

5,30 % | 5,30 % | 5,30 %

Yield to maturity :

5,30 | 5,30 | 5,30

100% capital protection at maturity

Begin on 25 janv.
Until 27 janv.
issued on feb 2.

Some important details:

  • Redeemable after 1 year (at the discretion of the Bank)³
  • Fixed coupon each year if not redeemed and semi-annual payments
  • Fixed Return applicable on the Call Valuation Date if the Benchmark Portfolio Return is equal to or greater than the 0% Redemption Threshold (Canadian Bank AutoCallable)
  • Liquidity: Daily subject to market conditions
  • Initial value is not guaranteed when selling during the term
  • Eligible for CDIC deposit insurance

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Our team accompanies over 70 NPOs in the pursuit of their mission.

Find out what we can do for you:

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Photo of Olivier Babineau-Jacques, Investment Analyst, member of the team of experts.

Olivier Babineau-Jacques, CIM®

Investment Analyst

Photo de Francis Martin, Wealth Associate, membre de l'équipe expert.

Francis Martin

Wealth Associate

  1. Certain conditions apply. For full details and conditions, contact your advisor.
  2. Rates subject to change daily - without notice - depending on the market.
  3. Upon redemption by the Bank, the principal will be paid plus accrued interest.

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