**1-Year Cashable Guaranteed Investment Certificate (GIC) Terms and Conditions
These Terms and Conditions apply to the Northern Birch Credit Union 1-Year CAD Cashable Guaranteed Investment Certificate (GIC). This product is only available for non-registered investments. By investing in this product, you agree to the following terms:
1. Minimum Investment Requirements
The minimum deposit required to open a 1-Year CAD Cashable GIC is $500.00.
A specialized minimum deposit of $100.00 is available for members under the age of 21.
2. Guaranteed Return
Principal Protection: Your original principal investment is fully guaranteed and will not lose any value.
Fixed Interest Rate: Your interest rate is locked in and guaranteed not to fluctuate throughout the 1-year term, provided the investment is held until the maturity date.
3. Redemption & Early Withdrawal Rules
This product offers flexibility of accessibility prior to the maturity date, subject to the following rules:
No Partial Redemptions: If you choose to cash out your GIC before maturity, you must redeem the full amount of the investment. Partial withdrawals are not permitted.
Early Redemption (Days 0 to 60): If the GIC is redeemed within the first 60 days of the term, no interest will be earned. The applicable interest rate for this period is 0.00%.
Early Redemption (Days 61 to 364): If the GIC is redeemed after 60 days but prior to the maturity date, your redemption rate will be the originally posted rate at the time of purchase.
The interest rate is calculated per annum and paid out at maturity. The offer is available for a limited time and subject to change at any time, without advance notice. Rates are subject to change at any time without advance notice. Additional promotional offers may not apply.
‡2026 1-Year GIC Term Deposit special at 4.00% for new funds
Offer available to approved Northern Birch Credit Union members who deposit minimum of $10,000 of new funds into a new 1-year term deposit. Registered and non-registered products held with Northern Birch (TFSA, RRSP, RRIF, FHSA) are eligible.
For the purpose of this promotion, “new money” or “new funds” refers to eligible funds that are newly deposited to Northern Birch Credit Union and were not held with us prior to the promotion start date of October 1, 2026. Additionally, your starting cash balance as of the promotion start date will be used as a reference point to determine eligibility.
The annual rate of 4.00% applies to deposit amounts of $10,000 or more coming from another financial institution. Deposits must be made in one lump sum.
Mention code NEWMONEYFALL at the time of deposit to take advantage of the special rate.
The interest rate is calculated per annum and paid out at maturity. The offer is available for a limited time and subject to change at any time without advance notice. Rates are subject to change at any time without advance notice. Additional promotional offers may not apply, such as an additional bonus rate.
