Renew a GIC Online

How to renew a Guaranteed Investment Certificate online in five easy steps.

Renew a GIC in Online/ Mobile Banking

By Choosing to Renew Online, You’ll Receive The Bonus Rate*

Note: You will see a yellow banner at the top of your online banking when you have an investment maturing in 30 days.

To get started, follow the instructions below:

Step 1:

  • Login into Online Banking
  • Select the investment with the red “Matures Soon” Flag


Note: You must go through the entire process and confirm your options in order to receive the bonus rate

  • You can change your maturity instructions outside of the 30-day maturity window by selecting “MANAGE”
  • If the investment has already matured and had no instructions, you will have to contact your Coach to update the investment instructions. This is not something that can be done online after maturity

Step 3: Complete the renew form

Note: Information about your current investment will show on the left of the screen

You can choose between three options:

Option 1: Reinvest into the same term

  • You can invest into the same term you are already in. The new rate for that term will show in the “Libro Bonus Rate” message area


Option 2:  Reinvest into a different term

Note: The term you are currently invested in will be greyed out. If you wish to reinvest in the same term you will need to choose option 1 (reinvest in the same term) from the dropdown

  • Select the term length you prefer and the new rate for that term option will show in the “Libro Bonus Rate” message area


Option 3: Close and transfer to account

Note: You can choose to close your investment and transfer the balance plus interest earned at the end of the term to one of your accounts

  • For registered accounts (TFSA, RRSP, and RRIF), you will only be able to transfer to a registered variable account under the same contract
  • To complete withdrawals from these accounts, it is a 2-step process: to the variable account, and then out to your chosen account.
    • For TFSAs, you can access your money as you choose, bringing it from the variable account to an account of your choosing in Online and Mobile banking. Taking money from your TFSA also creates additional contribution room for next year.
    • For RRSPs and RRIFs you must talk to a Coach to move money out of these accounts, to make sure you understand the tax implications. To do this send us a Secure Message in Online Banking, Book a Meeting, or Give Us a Call
  • Read and agree to the terms and conditions
  • Click “Confirm”

Step 4:  Review and “Submit”

  • Review the investment instructions and click “Submit”

Step 5: Success

You will be directed to a confirmation screen where you can choose:

  • Back to GIC
  • Accounts


If you have any questions or need assistance from a Coach, please contact us


*Not applicable on special offer rates

*Please review Terms and Conditions in Online/Mobile Banking

Related Resources


Registered Savings Accounts

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