The GIC account can help you achieve your savings goal, saving to buy a home, diversification of your investment portfolio or generating income.
What You Need Minimum deposit of:

$1,000 Non-Redeemable Option
$5,000 Cashable Option

To open an account, you must:

Submit a signed application
Provide a cheque drawn on a personal bank account in your name held at another Canadian financial institution for the initial deposit, if this is your first account with Citibank Canada.

If you cannot meet the account opening requirements stated above, click here, or if you are a non-resident of Canada, click here.
What You Get
Secure Investment
Guaranteed Rate of Return
Competitive Interest rates. Click here for account rates.
Selection of terms from 1 to 5 years. Click here for terms.
All of these FREE services:

Online Banking
CitiPhone® Banking Centre — We're Always Open
Consolidated Statement
Currency Available in Canadian and U.S.
How It Works Choose a GIC Option that suits your needs:

Non-redeemable Option
Allows you to enjoy a higher interest rate than the cashable option by locking in your funds for the full term.
Cashable Option
Gives you the flexibility to cash out any time before maturity (at early redemption rates)


Interest can be paid annually to your GIC, chequing or savings account. For GIC accounts with terms of one year or less, interest will be paid at maturity. You can also have the interest paid by bank draft at the end of the term.

GIC accounts are renewed automatically at maturity for the same term and option at the interest rate in effect on the renewal date.
Related Products & Services
Citibank Online
For More Information Call the CitiPhone Banking Centre
24 hours a day, 7 days a week

Toll free across Canada and the US: 1-800-387-9292
In Toronto: 416-947-4100

If the Citibank Registered GIC Account with the cashable option is redeemed within the first 30 days, no interest is paid. If cashed after 30 days, but prior to maturity, interest is paid at the cashable interest rate.


What is a GIC?
What are my options?
What happens at maturity?
Account Rates and Fees (PDF)
Banking Services Fees (PDF)
Frequently Asked Questions
Glossary of Terms
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