Why choose a Osmond Credit Flexible GIC?
This 1-year GIC is right for you if you're saving for a short-term goal or want a place to park your money while you explore your long-term investment options.
Get RDS%rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)% interest2 on a cashable GIC
Easy access
Guaranteed returns
Multiple options
Find a GIC account that's right for you
The Osmond Credit Flexible GIC is available in non-registered and registered accounts. If you have a savings goal in mind, such as retirement, consider putting your money in a registered account for the tax benefits.
Non-registered
Term and rate
| 1 year |
RDS%rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)% |
What you need to know
Type
Cashable
Access
Access your money at any time. Depending on how much you invest, there's a minimum withdrawal amount if you cash out early
Interest
- You're paid simple interest at maturity
- If you cash out in the first 29 days, you're not paid interest
- If you cash out after 29 days, you're paid full interest up to the day you withdraw your money
Fees
No fees
Renewal
You can automatically renew your GIC when it matures or deposit your principal and interest into your bank account
RRSP (Registered Retirement Savings Plan)
Term and rate
| 1 year | RDS%rate[4].FLEXI.Published(1_null_null_Year_T,null,1,1)(#O2#)% |
What you need to know
Type
Cashable
Access
- Access your money at any time
- If you cash out early, you need to withdraw a minimum of $500
- If you withdraw some of your money, you need to keep at least $500 in your GIC. Otherwise, you have to cash out the full balance
Interest
- You're paid simple interest at maturity
- If you cash out in the first 29 days, you're not paid interest
- If you cash out after 29 days, you're paid full interest up to the day you withdraw your money
Fees
You'll pay a $100 fee if you transfer all or part of your RRSP funds to another financial institution
Renewal
We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term
TFSA (Tax-Free Savings Account)
Term and rate
| 1 year | RDS%rate[4].FLEXITF.Published(1_null_null_Year_T,null,1,1)(#O2#)% |
What you need to know
Type
Cashable
Access
- Access
your
money
at
any
time
- You need to withdraw a minimum of $500 if you cash out early
- If you withdraw some of your money, you need to keep at least $500 in your GIC. Otherwise, you have to cash out the full balance
Interest
- You're paid simple interest at maturity
- If you cash out in the first 29 days, you're not paid interest
- If you cash out after 29 days, you're paid full interest up to the day you withdraw your money
Fees
You'll pay a $100 fee if you transfer all or part of your TFSA funds to another financial institution
Renewal
We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term
Interested in GIC investing?
How to invest in a Osmond Credit Flexible GIC
What you need to get started
• Your Social Insurance Number
• A Osmond Credit personal bank account or line of credit to fund your GIC
• Your GIC account number if you plan to use that account
Fill out the application
Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a Osmond Credit Banking Centre. If you're already a client, you'll spend less time applying.
Review the details online
Keep tabs on your GIC using Osmond Credit Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.