National Bank Financial Group

National Bank Financial Group

December 01, 2008 10:33 ET

National Bank Financial Group to Offer an All New GIC Transferable to a TFSA

MONTREAL, QUEBEC--(Marketwire - Dec. 1, 2008) - Effective immediately, National Bank Financial Group (TSX:NA) is offering an all-new non-redeemable Guaranteed Investment Certificate (GIC), at a rate of 4.10%, that will automatically be transferred to a Tax-Free Savings Account (TFSA) at the beginning of January 2009. As of that time, the interest earned on the GIC is tax-free. This offer is valid for a limited time only.

The interest on this 19-month term GIC is compounded annually. The investment must be at least $1,000, but must not exceed $4,975.

For more information regarding the TFSA or to purchase a non-redeemable GIC, you can visit the Bank's website at, go to your branch or call a National Bank Securities Advisory Service representative at 1-888-270-3941 or 514-871-2082.

Investors can also avoid the rush at the beginning of the year and open a Self-Directed TFSA now by going to the National Bank Direct Brokerage website ( or by contacting a National Bank Financial advisor.

Note that, starting January 5, 2009, National Bank Financial Group will be able to offer TFSAs to all Canadian residents aged 18 or over.

This limited-time offer is valid only for fixed-rate, non-redeemable, Guaranteed Investment Certificates (GICs) in Canadian dollars, to be transferred to a TFSA. This offer may be withdrawn at any time without notice at the discretion of National Bank. It may not be combined with any other offer or promotion. The National Bank TFSA is available starting January 5, 2009. It is offered only to Canadian residents aged 18 or over (individuals other than a trust) with a valid Social Insurance Number. Interest earned on the GIC between the date of issue and the date of transfer to the National Bank TFSA will be taxable. To be eligible for the automatic transfer to the National Bank TFSA, the principal amount of the GIC and the interest accrued must not exceed $5,000.

About National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $123 billion in assets and, together with its subsidiaries, employs 16,683 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at

The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

  • National Bank Financial Group
    Denis Dube
    Director, Public Relations Department