Many cashable GICs have a one-year term but lock your investment in for only 30 to 90 days (which is also the typical term length for non-redeemable, short-term GICs). Once this locked-in period is over, you can cash out the GIC whenever you choose without being penalized. The fact...
Cashable is the most accessible GIC, but will have relatively lower interest rate vs. Market Linked GIC that is least accessible but carries the highest potential interest return. Key feature and needsCashable GIC/MPSAPersonal Redeemable GICNon-Redeemable GICMarket-linked GIC Investor’s need ...