- Certain conditions apply. For full details and conditions, contact your advisor.
- Rates subject to change daily - without notice - depending on the market.
- 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.
GIC rate as of October 31, 2022 ¹ ⁻ ²
GIC rate as of September 25th, 2023 ¹ ⁻ ²
GIC long term
Guaranteed products |
Conditions
|
Issuers
|
Gross |
Minimum |
1-year GIC | Non-redeemable | Bank of Montreal | 5.90% | 1,000,000$+ |
18 months GIC |
Non-redeemable | NBC | BMO |
5.85% | 500,000$+ |
2-year GIC |
Non-redeemable | Bank of Montreal | 5.85% | 1,000,000$+ |
3-year GIC |
Non-redeemable | National Bank |
5.71% | 500,000$+ |
4-year GIC |
Non-redeemable | Bank of Montreal | 5.50% | 1,000,000$+ |
5-year GIC |
Non-redeemable | NBC | BMO |
5.45% | 500,000$+ |
1 year GIC |
Redeemable after 30 days without penalty | National Bank | 5.20% | 500,000$+ |
GIC short term
Guaranteed products |
Conditions
|
Issuers
|
Gross |
Minimum |
High Interest Accounts | redeemable in 24
hours | Scotia Bank |
5.00%
| - |
1 year GIC |
Redeemable after 30 days without penalty | National Bank | 5.20% | 500,000$+ |
1 month GIC |
Non-redeemable | National Bank |
5.20% | 500,000$+ |
3 months GIC |
Non-redeemable | National Bank |
5.30% | 500,000$+ |
6 months GIC |
Non-redeemable | National Bank |
5.50% | 500,000$+ |
9 months GIC |
Non-redeemable | National Bank |
5.65% | 500,000$+ |
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.
Extendible Flex GICs as of September 25th, 2023 ¹ ⁻ ²
Name
|
Term
|
Underlying
|
Structures
|
Capital protection
|
Sales period
|
NBC Extendible Coupons Flex GIC, series 115F ** SHORT SALES PERIOD ** | 7 years (If not called) | s.o. | Fixed coupons paid semi-annually Extendible annually Annualized coupons: 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% Maturity yield: 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 100% capital protection at maturity |
Starts September 27th. Until September 29th. Issued October 6th.
|
NBC Extendible Step-Up Flex GIC, series 85F ** SHORT SALES PERIOD ** |
3 years (If not called) | s.o. | Fixed coupons paid semi-annually Extendible annually Annualized coupons: 6.17% | 6.22% | 6.27% Maturity yield: 6.17 | 6.19 | 6.22 | 100% capital protection at maturity | Starts September 28th. Until September 28th. Issued October 5th. |
Some important details:
- 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 semi-annual fixed interest payments. (Extendible)
- 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
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