Non-Cashable GICs

Guaranteed returns in long or short fixed terms.


What are Non-Cashable GICs?

Non-Cashable GICs give you the security of a set interest rate for the full term and a guaranteed return. They could be considered for both short-term and long-term investment goals. Interest payment frequencies range from monthly to semi-annual, and more. They may be considered by an investor who can lock in their funds for a specific period of time, with investment terms ranging from 30 days to 5 years. TD Non-Cashable GICs are available for purchase online on WebBroker, a trading platform available through TD Direct Investing, in any investment account.

Benefits of Non-Cashable GICs

  • Safety and security

    Your original investment and interest payments are guaranteed.

  • Return potential

    The interest rates are guaranteed for the term of your investment and generally higher than Cashable GICs.

  • Available for purchase online

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


Things to Consider

Since your funds are locked in with a Non-Cashable GIC, they are committed for the full duration of the GIC term.


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 Non-Cashable GICs

Short-Term GICs let you invest for a short period of time, while still getting the benefit of a guaranteed rate of interest. Choose from a range of terms under one year and interest payment options.


Provides the security of a Long-Term GIC with the added benefit of compounded interest. Choose from one- to five-year terms.


Short-Term

Long-Term

Minimum Investment

$5000

$500 - $10,000

Term

30 – 364 days

365 days – 5 years

Investment Accounts

Non-registered and registered investment accounts

Non-registered and registered investment accounts

Interest Payment Options

  • Simple interest1 paid monthly and at maturity
  • Simple interest1 paid semi-annually or monthly and at maturity
  • Simple interest1 paid annually and at maturity
  • Simple interest1 paid annually and at maturity
  • Simple interest1 paid monthly and at maturity
  • Simple interest1 paid semi-annually and at maturity
  • Simple interest1 paid annually and at maturity
  • Compound interest2 calculated annually and paid at maturity

1 Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.
2 Interest is calculated on the original principal plus any accrued interest.


At maturity, your full initial investment will be paid into the cash portion of your account along with any interest payable to you.


Explore other investment types


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