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Cashable GICs

Cashable GICs give you the flexibility of cashing early.

Get a guaranteed rate of return  for the period of your term and access your funds at prescribed early cashing rates.

Invest in a GIC

What are Cashable GICs?

A Cashable GIC can be a great investment 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.

GIC Rates

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Benefits of Cashable GICs & Term Deposits

  • Safety and security

    Your original investment and interest payments are guaranteed.

  • Competitive interest rates

    These rates are guaranteed  for the term of your investment.

  • Flexible terms

    Terms range from 30 days to five years.

  • Access to your funds

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

TD Canada Trust can help you find the GIC for every savings goal

At TD, 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.

TD Special Offer GICs

Earn a higher rate than traditional GICs and Term Deposits while maintaining all the safety and security you expect. These GICs feature attractive interest rates but are available for a limited time. They are offered in a variety of terms to maturity and account types (non-registered, RSP and TFSA).

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100-Day TD Special Offer GIC1

Non-registered and TFSA

RSP, FHSA

Rates

$1,000 - $9,999.99 = %
$10,000 - $49,999.99 = %
$50,000 - $99,999.99 = %
$100,000 + = %
Interest rates are per annum.

$1,000 - $9,999.99 = % 
$10,000 - $49,999.99 = % 
$50,000 - $99,999.99 = %
$100,000 + = %
Interest rates are per annum.

Term

100 Days

100 Days

Investment minimum

$1,000

$500

Cashability

Cashable in full or in part after 30 days, interest paid at prescribed early cashing rate
Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

Cashable in full or in part after 30 days, interest paid at prescribed early cashing rate
Minimum withdrawal amount of $500 and minimum remaining balance of $500

Interest Payment Options

Simple interest1 calculated on principal amount for the number of days in the term and paid at maturity

Simple interest1 calculated on principal amount for the number of days in the term and paid at maturity

Auto Renewal Feature

Renew Principal and Interest to 100-Day TD Special Offer GIC at the interest rate in effect for the renewed investment on the date of renewal

Renew Principal and Interest to 100-Day TD Special Offer GIC at the interest rate in effect for the renewed investment on the date of renewal

* Please note that the 100-Day TD Special Offer GIC is not offered within a RIF or RESP.
1 Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.

TD 3-Year Premium Rate Cashable GIC

Enjoy the security of knowing 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.

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TD 3-Year Premium Rate Cashable GIC

Non-registered and TFSA

Registered RSP

Rates

$1,000 - $9,999.99 = %
$10,000 - $49,999.99 = %
$50,000 - $99,999.99 = %
$100,000 + = %
Interest rates are per annum.

$500 - $9,999.99 = %
$10,000 - $49,999.99 = %
$50,000 - $99,999.99 = %
$100,000 + = %
Interest rates are per annum.

Investment minimum

$1,000

$500

Cashability

Cashable at any time. Tiered cash out rates are applicable to early cashing. The interest rate paid is determined by the pre-encashment schedule established at the time of issue. Redemptions prior to 91 days will pay no interest.
Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

Cashable at any time. Tiered cash out rates are applicable to early cashing. The interest rate paid is determined by the pre-encashment schedule established at the time of issue. Redemptions prior to 91 days will pay no interest.
Minimum withdrawal amount of $500 and minimum remaining balance of $500

Interest Payment Options

Simple interest1 paid annually and at maturity

Simple interest1 calculated annually and paid at maturity

* Please note that the TD 3 Year Premium Rate Cashable GIC is not offered within a RIF, RESP or FHSA.
1 Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.

TD 1-Year Cashable GIC

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.

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TD 1-Year Cashable GIC

Non-registered and TFSA

Registered and RSP, RESP, RIF, FHSA

Term

365 Days

365 Days

Rates

%
Interest rate is per annum.

%
Interest rate is per annum.

Minimum investment

$1,000

$500

Cashability

Cashable in full or in part after 30 days. Tiered cashout rates are applicable to early cashing.
Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

Cashable in full or in part after 30 days. Tiered cashout rates are applicable to early cashing.
Minimum withdrawal amount of $500 and minimum remaining balance of $500

Interest Payment Options

Simple interest1 paid at maturity

Simple interest1 paid at maturity

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

TD 1-Year US Dollar Cashable GIC

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.

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TD 1-Year US Dollar Cashable GIC

Non-registered and TFSA

Term

365 Days

Rates

%
Interest rate is per annum.

Minimum investment

$1,000

Cashability

Cashable in full or in part after 30 days. Original contract rate applies to early cashing. Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000.

Interest Payment Options

Simple interest1 paid at maturity

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

* Please note that the TD 1 Year US Dollar Cashable GIC is not offered within an RSP, RIF, RESP or FHSA.

5-Year Stepper GIC

This GIC has a one-year term and automatically renews for four successive one-year terms on the maturity/anniversary date. The annual interest rate automatically increases on each maturity/anniversary date. The investment may be cashed in full or in part on the maturity/anniversary date.

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5-Year Stepper GIC

Non-registered and Registered TFSA

Registered and RSP, RESP, RIF

Term

5 years

5 years

Rates

Year 1 - %
Year 2 - %
Year 3 - %
Year 4 - %
Year 5 - %
Effective Annual Yield - 0.8800%
Interest rates are per annum.

Year 1 - %
Year 2 - %
Year 3 - %
Year 4 - %
Year 5 - %
Effective Annual Yield - 0.8800%
Interest rates are per annum.

Minimum investment

$1,000

$500

Cashability

Cashable in full or in part on each anniversary date
Interest paid on cashing
Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

Cashable in full or in part on each anniversary date
Interest paid on cashing
Minimum withdrawal amount of $500 and minimum remaining balance of $500

Interest Payment Options

Compound interest1 calculated annually and paid at maturity

Compound interest1 calculated annually and paid at maturity

1 Interest is calculated on the original principal plus any accrued interest.

* Not offered within a FHSA.

Short Term Cashable GIC

This investment features a 1-29 day term. You have the security of knowing your rate is guaranteed for 1-29 days, but should you change your investment goals or require access to funds, you can cash in your TD Short Term Cashable GIC at any time in full or in part, without penalty. For your convenience, the TD Short Term Cashable GIC will automatically renew Principal and Interest at maturity into a TD Short Term Cashable GIC ensuring that you don’t miss a day of interest.

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Short Term Cashable GIC

Non-registered and TFSA

Term

1-29 days

Rates

%
Interest rates are per annum.

Minimum Investment

$100,000

Cashability

Cashable at any time in full or part, without penalty. Minimum withdrawal amount of $100,000 and minimum remaining balance of $100,000

Interest Payment Options

Compound interest1 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. 

* Not offered within an RSP, RESP, RIF or FHSA.

TD International Student GIC

This GIC is only available online for customers enrolled in the TD International Student GIC Program. Enjoy no-fee investing and the security of a set interest rate for the full term. Once you have satisfied the conditions for participation in the TD International Student GIC Program, the principal amount will be redeemed in accordance with a payment schedule featuring equal monthly payments.

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TD International Student GIC

Non-registered

Term

2 years

Rates

4.15%
Interest rates are per annum.

Investment minimum

$20,635

Cashability

Cashable only in accordance with a payment schedule once all conditions for participation in the TD International Student Program have been satisfied.

Interest payment options

Simple interest is payable annually and at maturity and/or at the time of redemption

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Before applying for a GIC online

  • 1

    Decide what account type you'd like to hold your GIC in – You can hold your GIC in a non-registered, registered or U.S. dollar account.

  • 2

    Select type of GIC – Select from Special Offer, Market Growth, Cashable GICs and more. Not sure what's right for you? See the types of GICs we offer.

  • 3

    Have funds in your account ready to go – You'll want to make sure your account has sufficient funds to purchase the GIC before you begin your application.

Ways to Apply

Have a question? Find answers here

Popular questions

Deposit Insurance

Your deposits may be insurable by the Canada Deposit Insurance Corporation.