GIC rates and guaranteed investments

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GIC rate as of April 22nd, 2024 ¹ ⁻ ²

GIC long term

Guaranteed products

Conditions

Issuers

Gross
rate offered1-2

Minimum
Investment*

1-year GIC 

Non-redeemable

National Bank

5.21%

500,000$+

18 month GIC

Non-redeemable

Bank of Montreal

5.33%

1,000,000$+

2-year GIC

Non-redeemable

Bank of Montreal

5.26%

1,000,000$+

3-year GIC

Non-redeemable

Bank of Montreal

5.08%

1,000,000$+

4-year GIC

Non-redeemable

Bank of Montreal

4.86%

1,000,000$+

5-year GIC

Non-redeemable

Bank of Montreal

4.81%

1,000,000$+

1-Year GIC

Non-redeemable

Bank of Montreal

5.15%

1,000,000$+

GIC short term

Guaranteed products

Conditions

Issuers

Gross
rate offered1-2

Minimum
Investment*

High Interest Accounts

redeemable in 24 hours

Scotia Bank

5.00%

-

1 year GIC

Redeemable after 30 days without penalty

National Bank

4.70%

500,000$+

2 month GIC

Non-redeemable

National Bank

5.17%

500,000$+

3 month GIC

Non-redeemable

National Bank

5.20%

500,000$+

6 month GIC

Non-redeemable

National Bank

5.20%

500,000$+

9 month GIC

Non-redeemable

National Bank

5.20%

500,000$+

Some important details:

  • Management fees are to be expected
  • The rates presented were negotiated for tranches of $500,000 and more (BMO, 1M$+)
  • To discover our rates for tranches under 500,000$, visit our dedicated page

Structured Solutions as of April 22nd, 2024 ¹ ⁻ ²

Name

Term

Underlying

Structures

Capital protection

Sales  period  

NBC Extendible Linear Accrual Flex GIC, series 28F

** SHORT SALE PERIOD **

15 years

(If not called)

s.o.

Potential accrual amounts:

8 % | 16 % | 24 % | 32 % | 40 % | 48 % | 56 % | 64 % | 72 % | 80 % | 88 % | 96 % | 104 % | 112 % | 120 %

Extendible annually

100% capital protection at maturity

Begins April 23.

Ends April 25.

Issued May 1.

NBC Extendible Coupons Flex GIC, series 237F

** SHORT SALE PERIOD **

3 years

(If not called)

 

s.o.

Fixed coupons paid annually

Extendible annually

Annualized Coupons: 5.25 % | 5.25 % | 5.25 %

Yield-to-call: 5,50 | 5,50 | 5,50

 100% capital protection at maturity

Begins April 24.

Ends April 24.

Issued April 30.

Some important details on Flex GIC:

  • Principal invested on the issue date guaranteed by the Bank at maturity
  • On the initial maturity date or on extended maturity dates, the Bank has the option to extend the maturity annually up until the final maturity date³
  • These GICs pay an annual fixed interest payments. (Extendible with coupons)
  • Interests on the Extendible Linear Accrual Flex GIC are accrued in the product and not paid until maturity or redemption by the bank
  • Fixed Return applicable on the Call Valuation Date if the Benchmark Portfolio Return is equal to or greater than the 0% Redemption Threshold (AutoCallable)
  • Liquidity: can be sold back to the Bank on a daily basis, subject to normal market conditions
  • Initial value is not guaranteed when sold back to the bank by investor during the term
  • Eligible for CDIC deposit insurance
  • Management fees are to be expected

Some important details on Income Buffer notes :

  • Callable monthly if index returns are equal or above the call threshold of initial level after the 5th observation date
  • No capital loss at maturity until the buffer is breached
  • Management fees are to be expected

Benefit from a global approach for your organization

Our team accompanies over 80 NPOs in the pursuit of their mission.

Find out what we can do for you:

To learn more, contact us:

Olivier Babineau-Jacques, CIM®

Investment Analyst

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. The bank may redeem or extend after 1-year on every anniversary date. 

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