Cashable GICs

Gives you the flexibility of cashing early.


What are Cashable GICs?

At TD Direct Investing, you can explore the wide range of Cashable GICs that can help you reach your saving and investing goals. You’ll get the security of a guaranteed rate for the full term with the flexibility of an early cash-in option.

The following Cashable GICs can be purchased directly through WebBroker, a trading platform available through TD Direct Investing, in any investment account:

  1. TD 1-Year Cashable GIC

  2. TD 3-Year Premium Cashable GIC

  3. TD 1-Year US Dollar Cashable GIC

Benefits of Cashable GICs

  • Safety and security

    Your original investment and interest payments are guaranteed.

  • Access to your funds

    Cashable in full or in part, subject to certain terms and conditions.

  • Available for purchase online

    Cashable GICs can be purchased online on WebBroker in any investment account.


Things to Consider

A Cashable GIC could be considered for short and long-term goals, like saving for a major purchase, wedding costs, and retirement because you get the guaranteed rate of return for the period of your term, plus you can get access to your funds at prescribed early cashing rates.


Types of GICs

TD Direct Investing offers a wide range of GICs and Term Deposits, so you can easily choose the one that best meets your investing goals.

Cashable GICs

Market Growth GICs

Non-Cashable GICs

TD U.S. Dollar GICs & Term Deposits

Overview

At TD Direct Investing, you can explore the wide range of Cashable GICs that can help you reach your saving and investing goals.

Market Growth GICs capitalize on the growth potential of the world’s leading stock markets without risking your principal investment.

A Non-Cashable GIC cannot be cashed in before the maturity date. Your funds are locked-in for a specific term.

TD U.S. Dollar GICs and Term Deposits are secure investments.

Description

You’ll get the security of a guaranteed rate for the full term with the flexibility of an early cash-in option.

Like traditional GICs, they offer you 100% principal protection, while taking advantage of the higher return potential of the stock market and a guaranteed minimum interest return.

Generally, these investments yield a higher return than a Cashable GIC so they can be an option to consider if you can lock in your funds for a period of time.

These investments offer you the ability to earn interest at a guaranteed rate on your foreign funds.

Length of term

1 year
3 years

3 years
5 years

30 – 270 days
1 – 5 years

3 – 270 days
1 – 5 years

Availability to cash in

Cashable

Not cashable

Not cashable

Not cashable

Options for interest payment

Options vary by product:

  • Simple interest paid at maturity
  • Compound interest calculated annually and paid at maturity
  • Interest can be paid monthly, semi-annually or annually
  • Guaranteed Minimum Interest Return is compounded annually and paid at maturity. Bonus interest, if any, is paid at maturity.

Options vary by product:

  • Compound interest calculated annually and paid at maturity
  • Simple interest paid semi-annually and at maturity
  • Simple interest paid annually and at maturity
  • Simple interest paid monthly and at maturity

Options vary by product:

  • Simple interest paid at maturity
  • Compound interest calculated annually and paid at maturity
  • Interest can be paid monthly, semi-annually or annually

In-depth information on TD Cashable GICs

This investment features a 365-days term. Should you change your investment goals or require access to funds, you can cash in your TD 1-Year US Dollar Cashable GIC after 30 days in full or in part, without penalty. For your convenience, this GIC will automatically renew principal and interest at maturity into a TD 1-Year US Dollar Cashable GIC, ensuring that you don’t miss a day of interest.


With TD 3-Year Premium Cashable GIC, your rate is guaranteed for 3 years. Should you change your investment goals or need access to your funds, cash in this GIC at any time subject to the tiered pre-encashment rates and to the minimum redemption amount and minimum remaining balance. This GIC will automatically renew principal at maturity into a TD 1-Year Cashable GIC, so you don’t miss a day of interest.


This investment features a 1-year term. If you change investment goals or require access to funds, you can cash in your TD 1-Year Cashable GIC after 30 days in full or in part, without penalty. For convenience, the TD 1-Year Cashable GIC will automatically renew principal and interest at maturity into a TD 1-Year Cashable GIC, ensuring you don’t miss a day of interest.


Explore other investment types


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