Understanding when and how to redeem your investment
Every term deposit (also known as GICs) has a “term,” the length of time you commit to leaving your money on deposit. In general, non-redeemable term deposits cannot be redeemed before the due date. Redeemable term deposits can be cashed out early; however, it will impact the interest rate and money earned on the deposit.
When your term deposit is getting close to its maturity date, BlueShore Financial will contact you to confirm the instructions you may have provided when the term deposit was initially set up. This could be redemption with a deposit into your account, or rollover into a new term deposit of the same type and duration.
If you would like to discuss the instructions you have put in place and perhaps make a change, please visit your local branch or contact the Solution Centre at 604.982.8000 or toll free at 1.888.713.6728.
As there are a number of different term deposits offered by BlueShore Financial, the early redemption options can differ. This includes the Flexterm and Escalator.
For all other non-redeemable term deposits, including Market-linked term deposits, there is no option to redeem prior to maturity.