Enjoy flexibility with a business short-term GIC deposit

Keep your options open with business GIC terms up to one year

Businesses often need to stay flexible. With a business short-term GIC deposit, you don’t have to lock your excess cash away for a long period of time. Choose a term between 30 and 364 days, and know you can redeem early if you need to (fees apply).

Our business short-term GIC deposits let you:

  • Protect your principal
  • Guarantee your interest rate for 30 to 364 days
  • Stay flexible
270–364 days GIC1

Are our short-term GIC deposits right for your business?

Yes, if you:

  • Have $25,000 or more to invest
  • Want a secure, protected investment
Row of rubber boots.

Benefits of a business short-term GIC deposit

In addition to the standard benefits of our GICs you also:


270–364 days GIC1

Our short-term business GIC offers a competitive interest rate on all your money

Short-term business GICs


We pro-rate the annual interest rate to the number of days of your short-term deposit. For example, if the annual rate is 1%, a 30-day investment would earn 30 / 365 x .01 x 100 = 0.08%. If you invested $100,000, at maturity you would receive your original investment of $100,000 plus $80 in interest.

Yes, the minimum investment is $25,000. 

Give us a call. Keep in mind that if you redeem a business short-term GIC deposit before maturity, we charge a $25 early redemption fee and a rate reduction of 1.25%. If you redeem within the first 29 days, you forfeit all interest.  

Family preparing food.

Get higher rates when you invest in a business long-term GIC

If you don’t need to access your excess cash during the near future, consider a long-term GIC. Choose a term between 1 and 5 years, with higher interest rates than you can get with a short-term deposit.

Smiling man bakery.

Invest with even more flexibility in a Business Advantage Account

Get a high interest rate and complete flexibility to access your excess cash whenever you want with a Business Advantage Account. Available in Canadian or US dollars, the Business Advantage Account makes it easy to move money into and out of your operating account.