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What's a GIC? A GIC (Guaranteed Investment Certificate) is a fixed-term investment with a guaranteed interest rate. The Scotiabank Student GIC Program allows students to invest from $20,835 CAD to $50,000 CAD. Here's an example of how it works:
Why choose a Scotiabank GIC? When you invest in a GIC you’re guaranteed to get your principal investment amount back. Plus, traditional GICs offer a fixed interest rate so you know how much you’ll earn. See our GIC rates. Featured GIC Rates. 1 of 2. 3.75%1. On a 24-month term. (annual rate) Personal Redeemable GICs. 4.90%1. On a 12-month term.
View current/latest interest rates for cashable, non-redeemable, accelerated, laddered and stock-indexed guaranteed investment certificates (GIC).
When you apply for the Scotiabank Student GIC Program, we will open a Scotia Investment Account for you before you arrive in Canada. General information about this account is provided below and in the Investment Companion Booklet: Starting Your Scotia Investments. Setting Up and Funding Your Scotia Investment Account.
What is a Personal Redeemable GIC? Personal Redeemable GIC allows you to earn a guaranteed rate *. You can access your investment partially or fully at a pre-determined rate as your financial needs arise. Secure growth in all plans. Flexibility to invest in a registered or non-registered plan based on your financial needs. Access to funds.
Jul 18, 2024 · Scotiabank is one of Canada’s largest banks and a provider of guaranteed investment certificates (GICs), an investment that protects your money while helping it grow faster than it can in a...
A Guaranteed Investment Certificate (GIC) is an investment product that keeps your principal investment safe and has a guaranteed rate of return. Visit the GICs page on our website to learn more.
