Eligibility                

GICs are available in nominee name through Authorized Investment Dealers; and to Insolvency Professionals through VersaBank’s Trustee Banking Solution

Rates

Are subject to change without notice; and

Are quoted on a per annual percentage unless otherwise stated.

Interest

For Long-term GICs of a one year or more, interest is calculated on a per annum basis and paid based on the payment option selected at the time of issue; and

For Short-term GICs of less than one year, interest is calculated on a per diem basis and paid at maturity.

Non-Redeemable      

VersaBank GICs are non-redeemable prior to maturity

Currency

GIC deposits are accepted in Canadian currency

Minimum Deposit

VersaBank minimum deposits are listed above however may be subject to an investment dealers own minimum investment requirement.

CDIC

VersaBank is a member of the Canada Deposit Insurance Corporation (CDIC).  GICs offered by VersaBank are eligible for CDIC deposit insurance coverage, subject to any applicable rules, regulations and limitations of the CDIC.  For more information about CDIC deposit insurance coverage please visit the CDIC website at www.cdic.ca.

For more information, please contact us at 1-800-213-42482 or 306-244-1868 or www.versabank.com