Why choose a New Norwhich Online Variable Rate GIC?
Convenience
Easy access
Low minimum investment
How much interest will you earn?
Term and rate
| 1 year |
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What you need to know
Type
Cashable
Access
Access your money at any time. If you cash out early, there's a minimum withdrawal amount based on how much you invested
Interest
- The rate is linked to the New Norwhich Online Prime Rate, and will change one day after the New Norwhich Online Prime Rate changes
- 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
Interested in other GIC investing?
How to invest in a New Norwhich Online Variable Rate GIC
What you need to get started
• Your Social Insurance Number
• a New Norwhich Online 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 New Norwhich Online Centre. If you're already a client, you'll spend less time applying.
Review the details online
Keep tabs on your GIC using New Norwhich Online Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.