Redeemable GIC Chart ? | Site suggestions | Discussion forum

HermanH said
I believe Motive allows early redemption at the sacrifice of accrued interest. Would this qualify as redeemable?  

I would say yes.

If there was a chart it would be nice to make note of penalties and if there is a time frame before you see it cashed. And what the process is.....call FI.....or do yourself online. And if TFSA, RRSP or RRIF what is the process to withdraw. Itrade allows you to withdraw from TFSA online, Accelerate you can do same but interest is not paid daily/monthly so you have to call to collect the interest....if you don’t the interest will be there at year end, Hubert RRIF withdrawals you must sign a “permission slip” ☹️ if you withdraw from your RRIF savings if over the mandatory amount.

Quite awhile ago, years, a lot of the Manitoba CUs had them.

Right now Hubert has a reasonable cashable 1 year GIC. Their policy is clearly stated. And money comes quick. I think I had to call to do.

I think Oaken has one?

Itrade had some too...but could take over a week to see the money.

Hi there, for what it's worth, I would also appreciate a chart specific to redeemable (cashable) GICs with rate and redemption terms and conditions. Like if the money is redeemable with interest after 30, 60 or 90 days (assuming that redemption before that date is possible but gives zero interest), and the manner of redemption, as mentioned by previous posters (online, phone call or in person visit required?).

Thanks to those who have already shared info of some institutions that have them. The Ontario only, rest of Canada, or Available in Quebec distinctions in the chart would also be highly useful.

Thanks!