For the most part, a cashable GIC earns interest during the time period that you hold it. So if you have a one-year cashable GIC and redeem it after eight months, you’ll receive interest for those eight months with no penalties. If you do the same with a redeemable GIC, you’ll ...
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 ...