Keep your options open with terms of up to one year

Sometimes you need to stay flexible. With a short-term deposit, you don’t have to lock your money 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 short-term GIC deposits let you:

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

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Are our short-term GIC deposits right for you?

Yes, if you:

  • Have $25,000 or more to invest
  • Want to invest your money in a non-registered account, Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF)
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Benefits of short-term GIC deposits

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


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

Short-term 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 withdraw money from a short-term 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. 

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

 If you don’t need to access your money in 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.

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Build a secure future with a registered retirement savings plan (RRSP)

Get a tax-deduction for your eligible contribution and enjoy tax-deferred investment growth as long as your money remains inside your RRSP. When you’re ready to retire, you can withdraw your money – taxed at what will likely be a lower rate – to help support your retirement lifestyle.

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Finance your retirement lifestyle with a registered retirement income fund (RRIF)

Your money keeps growing tax-deferred as long as it stays within your RRIF. Every year, you must withdraw a minimum, taxable amount, which you can use to help pay living expenses in retirement.