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Non-Cashable GICs
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
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.
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Cashable GICs |
Market Growth GICs |
Non-Cashable GICs |
TD U.S. Dollar GICs & Term Deposits |
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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. |
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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. |
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Length of term |
1 year |
3 years |
30 – 270 days |
3 – 270 days |
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Availability to cash in |
Cashable |
Not cashable |
Not cashable |
Not cashable |
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Options for interest payment |
Options vary by product:
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Options vary by product:
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Options vary by product:
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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.
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Short-Term |
Long-Term |
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|---|---|---|
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Minimum Investment |
$5000 |
$500 - $10,000 |
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Term |
30 – 364 days |
365 days – 5 years |
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Investment Accounts |
Non-registered and registered investment accounts |
Non-registered and registered investment accounts |
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Interest Payment Options |
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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.
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