Savers Roundup September 2018: Savings and GIC promos galore!

More incentive to sign up with Hubert Financial

There have been no changes to regular savings or TFSA interest rates recently — especially with the Bank of Canada holding its key interest rate steady this month — but the current Canadian leader Hubert Financial (2.35%) is running a promotion for new sign-ups that gets the new customer $25 and, if they were referred by someone, $25 for the referrer as well.

GIC rates current snapshot

We haven’t seen much movement in GIC rates over the past month other than a few Motive Financial fluctuations and increases across the board from AcceleRate Financial. The current leaders are:

  • 1-year GIC: 2.85% at AcceleRate Financial and Hubert Financial
  • 2-year GIC: 3.10% at Oaken Financial
  • 3-year GIC: 3.25% at EQ Bank and Oaken Financial
  • 4-year GIC: 3.33% at Wealth One Bank of Canada
  • 5-year GIC: 3.52% at EQ Bank

Promotions are everywhere

Our promotions page is always full of deals, but financial institutions have been especially busy rolling out new promotions, most of which beat the highest standard savings account and GIC rates, over the past few weeks. If you’re in the market for a new bank or you don’t mind transferring your money around, here is some of what we’ve been tracking lately.

Savings accounts:


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