National Bank of Canada

National Bank of Canada Redeemable Plus GIC

GIC · CADRedeemable

Key comparison facts

Interest rate: 0.3%
Term: 36 months
Early withdrawal: Permitted; All or part of the GIC can be cashed in without penalty on the anniversary of the issue date.

Official domain: www.nbc.caExternal site · new tab

Reviewed record

Interest calculation: Redeemable Plus GIC Type of interest — Simple or compound. The interest paid is calculated during the term. Interest ceases to accrue on the maturity date. Simple interest and calculation method — is calculated annually on the anniversary date of the GIC. Simple interest payment frequency — is paid to you monthly, semi-annually, annually or at maturity according to the interest payment frequency that was chosen. — may not be changed during the term of your GIC. — If you have chosen simple interest to be paid monthly or semi-annually, the annual interest rate is reduced as follows: – monthly payment frequency: the rate is reduced by 0.125%. – semi-annual payment frequency: the rate is reduced by 0.05%. Compound interest and calculation method — is calculated and reinvested in your GIC, annually on the anniversary date of the GIC. — is added annually to the principal amount and bears interest at the fixed annual interest rate of your GIC. Compound interest payment frequency — is paid on the maturity date of the GIC.

Estimate unavailable · Compounding terms need a separate calculation.

Redeemable Plus GIC