Canadian High Interest Savings Bank Accounts - Forum: GIC discussions

gicjunkie on Finding the best GIC Rates

Thu, 19 Mar 2026 02:36:03 -0700

cgouimet said

I do not recall ever seeing Kingston CU in these forums or charts

Kingston CU is not in this forum or charts per se. They are in the rateinfo.ca website as offering the highest rate for a 5 year GIC at 4.05%.

cgouimet on Finding the best GIC Rates

Thu, 19 Mar 2026 01:54:00 -0700

gicjunkie said
How often do you update rateinfo.ca?
It appears that the 4.05% and 4.0% 5 year rates from Kingston CU do not now exist, unless these rates are not now advertised.

I do not recall ever seeing Kingston CU in these forums or charts

gicjunkie on Finding the best GIC Rates

Thu, 19 Mar 2026 00:39:01 -0700

How often do you update rateinfo.ca?
It appears that the 4.05% and 4.0% 5 year rates from Kingston CU do not now exist, unless these rates are not now advertised.

RetirEd on Interest paid yearly

Fri, 27 Feb 2026 16:15:36 -0800

I do it with Oaken, VanCity, and Peoples. And others in the past that I no longer use.

althisa on First Ontario Credit Union

Fri, 27 Feb 2026 13:57:02 -0800

maGIC said

90 day 4% GIC registered only
4 year 4% GIC registered and non registered

https://www.firstontario.com/r.....rest-rates

Does anyone have an account or info about them?

MaGIC

Yes, this offer was sent out to members by email.

TeraKaktos on Interest paid yearly

Thu, 26 Feb 2026 12:54:21 -0800

Tangerine can

Wrayzor on Interest paid yearly

Wed, 25 Feb 2026 22:30:58 -0800

I'm pretty sure Oaken has an annual payment option for TFSA GICs. I've never done it, but on their page with Registered GIC rates there is the statement "Annual interest is available for TFSA plans only".

mechone on Interest paid yearly

Wed, 25 Feb 2026 21:08:02 -0800

Alexandre said
Are you sure about that? I had EQ Bank 1yr TFSA GIC mature recently, both principal and annual interest went to TFSA Savings.
I bought another 1yr TFSA GIC and this is what it says under GIC Investment info page: "interest earned will be deposited to your TFSA Savings Account."

That's one year. I bought a 2 year and they wouldn't pay out until 2 years. I want to buy a 5 year paying out yearly.

Alexandre on Interest paid yearly

Wed, 25 Feb 2026 20:57:42 -0800

Are you sure about that? I had EQ Bank 1yr TFSA GIC mature recently, both principal and annual interest went to TFSA Savings.
I bought another 1yr TFSA GIC and this is what it says under GIC Investment info page: "interest earned will be deposited to your TFSA Savings Account."

mechone on Interest paid yearly

Wed, 25 Feb 2026 20:50:16 -0800

Is there any bank or credit union that will pay out interest yearly from a TFSA GIC into a TFSA savings account? I have a GIC coming due from EQ Bank and they do not do it.

Thanks

zgic on First Ontario Credit Union

Fri, 13 Feb 2026 10:08:06 -0800

Yes. I saw this one too on First Ontario website and was wondering how come their own Saven digital brand (online only) does not have it.
Very strange that Saven Financial in fact has a lower one at 4 months 3.20%.
One would think that the offers from the online only digital arms of the bigger parent companies would have better rates.
I guess this is first of a kind example of things to come.

maGIC on First Ontario Credit Union

Fri, 13 Feb 2026 09:49:33 -0800

I don’t see any threads on First Ontario Credit Union. I believe they are the parent company for Saven Credit Union.
I came across their site just now and see they have:

90 day 4% GIC registered only
4 year 4% GIC registered and non registered

https://www.firstontario.com/r.....rest-rates

Does anyone have an account or info about them?

MaGIC

mel78 on Ganaraska Credit Union - 4% for 5 Years

Mon, 02 Feb 2026 00:49:30 -0800

They now have 4% for 5 years as of Feb 2nd 2026 with some Ts and Cs
https://www.ganaraskacu.com/in.....m-deposits

gicjunkie on Some GIC Rates Moving Up

Sat, 17 Jan 2026 03:21:22 -0800

If you are willing to invest for 5 years, First Ontario CU (and its subsidiary, Creative Arts Financial) are offering 4% for 5 years. I believe one may join virtually. Check out their fees and accounts for full details. https://www.firstontario.com/rates

Alexandra on Some GIC Rates Moving Up

Fri, 16 Jan 2026 02:58:29 -0800

COIN said
I can also remember when GIC rates were in the teens and I think inflation was also in the teens. (Some people were calling Canada Brazil North.) I think one year Canada Savings Bonds actually hit 20%.

I remember that in the early 80's? Maybe 1982? I think I was getting around 19 % on treasury bills.
And something like 17% CSB's. But as I recall the government of Canada put a limit on the amount you could purchase. I had the limit.