Non-registered GICs
Available through Peoples Trust or Peoples Bank
What is a Non-registered GIC?
Earn guaranteed returns in this safe investment, which is perfect for short- to medium-term savings. Interest earned is taxable, but there are no plan-level contribution limits. GICs are locked in for the duration of their term and are non-redeemable prior to maturity.
What you’ll get
- Rate is fixed and guaranteed for the full term of your investment
- Terms from 30 days to 5 years
- Interest earned is taxable
- No set-up, service, or transfer fees
Non-registered GIC Rates1
Short Term |
|
|---|---|
| 30 day | 1.20% |
| 60 day | 1.50% |
| 90 day | 1.90% |
| 120 day | 2.05% |
| 180 day | 2.30% |
| 270 day | 2.50% |
Long Term |
|
|---|---|
| 15 month | 2.90% |
| 1 year | 2.90% |
| 2 year | 3.00% |
| 3 year | 3.25% |
| 4 year | 3.25% |
| 5 year | 3.45% |
Additional Information
- Minimum deposit is $1,000 (no maximum deposit limits)
- Monthly statement available online
- Eligible for deposit insurance offered by Canada Deposit Insurance Corporation (CDIC)2
- Please note that a GIC Account will require an e-Savings account to access your GIC funds upon maturity. You will be prompted to open that account, if you do not already have one. There are no fees to open this account.
How to open an account
For existing customers
You can use online banking to open your account.
For new customers
Start your online application to open an account.
Take a look at other products
e-Savings Accounts
Start saving with no minimum deposit and withdraw your funds at any time.
TFSA GICs
Grow your savings faster with great rates and tax-free growth.
Learn more
Account FAQs
Account Fees
Account Forms
Account Terms & Conditions
1 These rates are provided for information purposes only and are subject to change without notice. However, once you’ve purchased your GIC, your rate is guaranteed. Certificates are non-redeemable prior to maturity.
Interest is calculated daily and accrues for the entire GIC term. For GICs that have a term of:
- 1 year or less: interest is paid at maturity.
- 15 months: interest compounds annually and is paid at maturity.
- 2 years or more: you can choose to have interest paid on the anniversary date or compound annually and be paid at maturity.
2 Peoples Trust is a trade name of Peoples Trust Company and Peoples Bank is a trade name of Peoples Bank of Canada. Peoples Trust Company and Peoples Bank of Canada are each members of the Canada Deposit Insurance Corporation (CDIC). Eligible deposits held in each entity are protected separately for up to $100,000, per insured category, per depositor. Learn more about CDIC coverage.