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GIC Rates
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Effective November 23, 2009
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The Ultimate Laddered™ GIC
(Non-Registered, RRSP, RRIF: Minimum $5,000)
| 3 Years |
1.9500% |
| 5 Years |
2.6000% |
Scotia Dividend Fund GIC
(RRSPs/RRIFs: Minimum: $1,000)
| Option |
Term |
Next Issue Date |
Interim Interest Rate* |
Maximum Return† |
| - Current Index Value
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3 Year |
December 15, 2009 |
1.60% |
15.00% |
Market Powered™ GIC
(Non-Registered and Registered Investments, Annual, Semi-Annual Minimum $1,000, Non-Registered and RIF: Monthly Minimum $5,000)
| Term |
Next Issue Date |
Guaranteed
Annual
Int. Rate |
Guaranteed
Annual
Int. Rate
(Monthly Payment) |
Maximum Return‡ |
3 Year
- Current Index Values |
December 15, 2009 |
0.30% |
0.05% |
15.00% |
5 Year
- Current Index Values |
December 15, 2009 |
1.00% |
0.75% |
25.00% |
Accelerated Rate GIC
(Non-Registered, RRSP, RRIF: Minimum $1,000)
| Term |
Current Annual Interest Rate |
| Year 1 |
0.7500% |
| Year 2 |
1.7500% |
| Year 3 |
2.2500% |
| Year 4 |
4.0000% |
| Year 5 |
6.0000% |
| Effective Yield |
2.9334% |
Scotia Stock-Indexed GIC (SIGIC)
Information Applicable To Next Issue
(Minimum Investment Amount: $1,000)
The Scotia Stock-Indexed GIC (SIGIC) is non-redeemable. The GIC issue amount (the principal amount initially invested plus any interim interest earned until the issue date) and interest, if any, will be paid on the maturity date. Changes to the S&P/TSX 60 Index will affect the amount of the potential interest payable. For SIGICs issued on or after January 13, 2009 and prior to November 20, 2007, potential interest is restricted by the applicable maximum return. For SIGICs issued from November 20, 2007 to January 12, 2009, potential interest is restricted by the applicable participation rate. For more information on this GIC, the S&P/TSX 60 Index, interest calculations and payments, please see the Fact Sheet.
The last issues of the US Market and G7 Scotia Stock-Indexed GICs were issued on January 12, 2009.
Long Term Non-Redeemable GICs
(Non-Registered:Annual, Semi-Annual Minimum $1,000 / Monthly Minimum $5,000, RRSPs/RRIFs: Minimum $1,000)
| Term |
Compounded Annually** |
Paid Annually |
| 1 Year |
0.4000% |
0.4000% |
| 18 Months |
0.4000% |
N/A |
| 2 Years |
1.3000% |
1.3000% |
| 3 Years |
1.6000% |
1.6000% |
| 4 Years |
1.7000% |
1.7000% |
| 5 Years |
2.1000% |
2.1000% |
| Term |
Compounded Semi-Annually |
Paid Semi-Annually |
| 1 Year |
0.275% |
0.275% |
| 18 Months |
N/A |
N/A |
| 2 Years |
1.175% |
1.175% |
| 3 Years |
1.475% |
1.475% |
| 4 Years |
1.575% |
1.575% |
| 5 Years |
1.975% |
1.975% |
| Term |
Paid Monthly |
| 1 Year |
0.150% |
| 18 Months |
N/A |
| 2 Years |
1.050% |
| 3 Years |
1.350% |
| 4 Years |
1.450% |
| 5 Years |
1.850% |
Note: Enquire at your local Scotiabank branch for Non-registered GIC interest rates on terms of 6 to 10 years.
Short Term Non-Redeemable GICs
(Non-Registered: Minimum $5,000, 30 days, RRSPs/RRIFs: Minimum $1,000, 90 days)
| Term |
Current Annual Interest Rate (Paid at Maturity) |
| 30-59 days |
0.1500% |
| 60-89 days |
0.1500% |
| 90-119 days |
0.1500% |
| 120-149 days |
0.1500% |
| 150-179 days |
0.1500% |
| 180-269 days |
0.2000% |
| 270-364 days |
0.2000% |
Cashable GICs
(RRSP: Minimum $1,000, Non-Registered: Minimum $1,000) Current Annual Interest Rate Paid at Maturity
Option |
Description |
Term |
Interest Rate |
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| Regular Cashable |
Cashable anytime after 30 days with no interest penalty |
1 Year |
0.2000% |
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Rates are provided for information purposes only and are subject to change at any time.
The following rates apply to Canadian dollar deposits made in Canada.
* Rate per annum. Only applicable during the period between the GIC purchase date and the GIC issue date. On the issue date, the interim interest earned is added to the initial investment amount and becomes the GIC issue amount, which is fully guaranteed.
† This is the total maximum return potentially available over the full term of the GIC. It is not an annual rate or rate of return. Actual return may be lower. There is no guaranteed rate of return.
‡ This is the total maximum additional return potentially available over the full term of the GIC. It is not an annual rate or rate of return. Actual return may be lower. There is no guarantee that you will earn an additional return.
** For registered plans the interest payment frequency is at maturity, compounding annually.
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