Featured GIC


Better-than-cash GIC

The Better-than-cash GIC is a flexible term deposit that pays like a locked-in rate, but it's redeemable with interest starting October 1, 20141.

Key features

  Interest rate of 1.45% 2
  1-year term
  Only need $500 to get started
  Redeemable with interest starting October 1, 2014

Apply Online

To open a term deposit, log in to Online Banking and click Open an Account. Or call 1-888-517-7000 Mon-Sat, 8am-8pm.

You shouldn’t have to lock in your money to earn a locked-in rate. Our Better-than-cash GIC is redeemable with full interest accrued starting October 1, 2014 and available with a minimum investment of only $500. So free up some money today.

Additional deposit features

  • Available as an RRSP, RRIF, RESP, and TFSA

  • This is the most helpful product for you if:
      you want access to your savings, but you still want a competitive rate
      you want to start saving, but aren’t sure what investment to choose

1GIC can be redeemed anytime but with no interest if redeemed prior to October 1, 2014.
2Rate as at April 1, 2014 and subject to change without notice.

Better-than-cash GICs opened before April 1, 2014 can be redeemed with interest on a different date. Contact us for details.


Prime Rate
Effective September 09, 2010
Prime Rate 3.000%
Foreign Exchange
Effective April 17, 2014
US Dollar Buy 1.1250
US Dollar Sell 1.0750
UK Pound Buy 1.9370
UK Pound Sell 1.7970
Euro Buy 1.6034
Euro Sell 1.4479
Effective April 02, 2014
Mortgage rate and approval based on risk profile. Additional fees may apply.
3-Yr Fixed Closed 3.150%
5-Yr Fixed Closed 3.650%
3-Yr Convertible 2.800%
5-Yr Half & Half Rate 3.300%
Term Deposits
Effective March 05, 2014
Better-than-cash™ GIC 1.450%
1-Year 1.550%
15-Month GIC 1.650%
5 year 2.250%
VISA Credit Cards
Additional fees may apply.
Low Rate Modulo GOLD 9.9%
Travel Odyssey GOLD 19.4%
Effective March 05, 2014
Better-than-cash™ RRSP 1.450%
1 year 1.550%
15-Month 1.650%
5 year 2.250%