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Email this2:36 pm
February 7, 2019
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Wrayzor said
Cannex does have 30-270 Day GICs at:
https://www.cannex.com/public/term01e.html
Cannex is a bit of a treasure hunt, i.e. their "jewels" are well hidden. So, when you find something of interest, bookmark it.
| CGO |
7:11 pm
September 11, 2013
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Thank you, Wrayzor, that's useful info.
This link seems to have the entry to all gic rates, for registered, non-registered and TFSA accounts, if you scroll down a bit:
https://www.cannex.com/index.php/services/canada/banking-products/deposits/
2:35 am
July 12, 2025
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Hello Everyone,
Thank you kind words, I have begun implementing the provided feedback.
- I updated the site to move away from the term "banks" and use "banks & credit unions" or "financial institutions"
- I updated term filtering to be exclusive of the upper bound, the "<=1 year" is now strictly less than one year and the "1-2" year no longer includes GIC's that have a 2 year term.
- I added in Oaken Financial and all of the top 6 banks. Thank you for pointing this out @Wrayzor
As @NorthernRavern and others identified, the site does not allow users to filter for credit unions based on provincial residency. The reason for this is because I am not sure where to get that data from. Some Ontario Credit unions like Saven Financial allow any Canadian resident outside of Quebec to sign up. I am not sure how to determine what provinces a credit union allows their members to reside in. I might need to manually collect this data which could take a while.
@GIC-Fanatic - Thank you for your feedback. Currently https://RateInfo.ca is identifying the Vancity 1 year cashable GICs. The platform does not display or consider a redeemable/cashable GIC's lockout period or early redemption penalties, instead it is retrieving both 1 year cashable GIC's and de-duplicating them to only show the one with the higher rate. I originally designed the site to intentionally avoid trying to display early redemption penalties/restrictions as some financial institutions such as TD bank do not list what the early redemption interest rate will be, instead they state that the "pre-encashment schedule established at the time of issue". I didn't realize that there would be a financial institution that would publish a cashable GIC with different rates and redemption restrictions/lock out periods for the same term. I will update the site later this week to list these GICs separately.
With regards to the Hubert Happy Savings Quarterly GIC, it was unclear to me that "quarterly term" meant the GIC was redeemable, I initially thought it meant the interest could be paid out quarterly. Thank you for pointing this out, I have updated the site to correctly list this as a Cashable GIC.
I was unaware the "Peoples Bank" existed. I have added them to the platform, thank you!
@hwyc I run a traditional web scraper against a list of financial Institution webpages i've manually aggregated. I then use AI to extract the GIC rates from those webpages.
With regards to the cannex & this websites aggregation comparison. https://RateInfo.ca lists GIC's with better rates that are on neither of those lists such as DUCA's 3 month4.15% GIC or Pathwise financials 1 year 5% FHSA GIC.
With regards to coverage, I originally wanted to focus on identifying the best possible GIC rate for every possible term, currency, account type combination. If there is a demand for the aggregation of all possible GIC rates I can definitely try to implement that.
I have also begun writing a blog on the site to educate people about the available GIC types and hopefully drive some traffic to the site.
5:02 am
August 4, 2010
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All the major online divisions of Manitoba credit unions allow non-Manitobans, but I think Hubert is the only one that allows Quebec residents.
I'd default all Ontario credit unions to "Ontario only", and then change the very few exceptions. Meridian is one, and Saven (online division of FirstOntario, which you can't join directly). Alterna is a special case, two distinct entities with separate products - you can join their separate Alterna Bank subsidiary, which is a federal CDIC bank open to all, but not the Ontario-regulated Alterna Savings parent. There may be others, but offhand I don't know of any.
There's Peoples Bank and Peoples Trust, sharing the same parent ownership but separate CDIC institutions. I don't know that they have ever had any rate differences, but they are distinct login systems, unlike Oaken which also encompasses two separate CDIC issuers.
8:09 am
November 18, 2017
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I've been with Peoples for over a decade, and I've never seen their rates diverge. Peoples Bank offers fewer products, though, notably no registered ones - though that may be changing, for all I know.
RetirEd
6:27 pm
December 18, 2024
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mohammad-ali said
Hello Everyone,@GIC-Fanatic - Thank you for your feedback. Currently https://RateInfo.ca is identifying the Vancity 1 year cashable GICs. The platform does not display or consider a redeemable/cashable GIC's lockout period or early redemption penalties, instead it is retrieving both 1 year cashable GIC's and de-duplicating them to only show the one with the higher rate. I originally designed the site to intentionally avoid trying to display early redemption penalties/restrictions as some financial institutions such as TD bank do not list what the early redemption interest rate will be, instead they state that the "pre-encashment schedule established at the time of issue". I didn't realize that there would be a financial institution that would publish a cashable GIC with different rates and redemption restrictions/lock out periods for the same term. I will update the site later this week to list these GICs separately.
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Sounds good. If you are going to have the best site ever…..there’s more work to do, and I see you plan to do it! But for now my one stop shop for rates will be here.Vancity has a crappy website that has no logic….here is the 30 or 90 lock-in. A 1 year GIC with 2 rates. Keep money in for 30 days or 90 days and cash in on day 31/91 and up…..you receive the rate. Redeem before 30/90 days….no interest, but redeemable. Beats there zero percent HISA rate. The only reason I know they are there is because a teller told me about them.
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With regards to the Hubert Happy Savings Quarterly GIC, it was unclear to me that "quarterly term" meant the GIC was redeemable, I initially thought it meant the interest could be paid out quarterly. Thank you for pointing this out, I have updated the site to correctly list this as a Cashable GIC.The Hubert quarterlies reads like this…
The good news? You’re not locked in for the entire year — you can redeem your term after three, six, or nine months (and keep the interest that’s already been paid to you). The even better news? If you keep your funds in place for the entire year, you’ll earn an average rate of 3.30%* for the year (plus compounded interest). Not too shabby, is it? Here’s what you will earn:
The first three months: 3.00%*
Months four to six: 3.20%*
Months seven to nine: 3.40%*
The last three months: 3.60%*
*Interest is calculated daily and compounded quarterlyAgain, you can choose to redeem your 1-year term at any time. If you do, all interest that has been paid to you is yours to keep, but if you redeem between a quarter you will not receive any interest from that quarter. For example, if you redeem after seven months, you’ll only receive interest up to month six!
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I was unaware the "Peoples Bank" existed. I have added them to the platform, thank you!
Once were good. But lately hiding in some long grass zzzzzzzzzz.
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6:29 pm
December 18, 2024
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RetirEd said
I've been with Peoples for over a decade, and I've never seen their rates diverge. Peoples Bank offers fewer products, though, notably no registered ones - though that may be changing, for all I know.
No registered ones…..TFSAs and RRSP are offered.
12:37 am
September 28, 2023
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The page you are showing is from People's Trust.
The rate page for People's Bank makes no mention of RRSP or TFSA.
I really would hate to work at either one of those FIs, there must be so much confusion between the two. PB is a subsidiary of PT, but they operate independently and are even separately insured by CDIC.
7:55 am
December 18, 2024
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My apologies. Rates are the same for both PT and PB. But I forgot that PB is for non registered only. Sorry!!!
if they were logical like Oaken, their services would mirror each other PB/PT.
5:11 pm
November 18, 2017
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everhopeful is correct. Registered Peoples products are only available through Peoples Trust, not Peoples Bank.
In fact, Oaken's Home Trust and Home Bank have sometimes been out of synch with their services (not their rates). I think it may be more difficult to set up registered plans for banks than trust companies.
RetirEd
2:34 am
July 12, 2025
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I updated https://RateInfo.ca to include interest, term, lockout period, convertibility, escalators (average yield over term), new deposit promotions.
Vancity's 30 and 90 day lockout cashable GIC's and their monthly interest GICs are now correctly displayed, along with Huberts quarterly GIC, and People Banks 30, 60, 90, 120 ... GIC's
I have also added a few new credit unions that people requested via email.
I am actively working on creating a mapping between financial institutions and the provinces they allow their customers/members to reside in. I will likely manually call all of the financial institutions after the new year's holiday to collect the data.
I added a compound interest and escalator GIC calculator to the site.
On the longer term roadmap:
- Oaken financial actively blocks some datacenter IP's, I am going to try and work around this by finding a good egress IP
- I actively collect but do not yet display the minimum balance. It is difficult to visualize because some financial institutions do not post minimum investment amounts. For most investments this is usually not a deciding factor, but some credit unions like Steinbach post rates that are dependant on investment size: below 100k, 100-150k, and 250k+. Currently the platform only shows the highest rate amongst these options. I am thinking of exposing minimum investment only when it is over a fixed threshold, maybe 1k cad and potentially adding a filter to allow people to exclude these GIC's
As always, I appreciate y'alls continued feedback
5:37 am
July 12, 2025
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I figured out how to collect Oaken's GIC Rates and updated the platform to include the posted minimum investment when it is greater than, $1,000. We can now all bask in the glory of the $2,000,000 minimum investment GIC rate posted by Swan Valley Credit union.
Please write your comments in the forum.