GIC rates comparison chart

This chart summarizes 1- to 5-year Canadian non-redeemable, non-registered, annually compounding GIC rates for the financial institutions. Rates are updated every day at 9:05am Pacific / 12:05pm Eastern. See also our savings account comparison chart. To be included in the GIC chart, rates have to be posted publicly and be available without needing to go through a broker.

To access GIC rate histories, click on the date link in each row.

This chart is for informational purposes only and provided on a best-effort basis. Please double check the rates with the respective financial institutions and do your own research on account GIC features. Please post any errors in the forum and they will be corrected ASAP.

Bank / Credit Union name Updated 1-year 2-year 3-year 4-year 5-year
Oaken Financial Nov 27 1.80 2.00 2.30 2.40 2.60
Canadian Tire Bank Nov 27 0.50 0.75 0.85 0.95 2.55
Wealth One Bank of Canada Nov 27 1.65 1.85 2.00 2.15 2.50
Wyth Financial Nov 27 1.65 1.85 2.00 2.15 2.50
Motive Financial Nov 27 1.45 1.85 2.00 2.15 2.50
EQ Bank Nov 25 1.40 1.90 2.20 2.20 2.45
LBC Digital Nov 27 1.20 1.60 2.00 2.20 2.25
Peoples Trust* Nov 27 1.45 1.75 1.90 2.00 2.25
Hubert Financial Nov 27 1.50 1.60 1.95 1.80 2.20
AcceleRate Financial Nov 27 1.35 1.50 1.85 1.70 2.20
Achieva Financial Nov 27 1.35 1.55 1.70 1.75 2.00
Implicity Financial Nov 27 1.35 1.55 1.70 1.75 2.00
Outlook Financial Nov 27 1.25 1.45 1.65 1.70 1.95
MAXA Financial Nov 27 1.20 1.40 1.60 1.70 1.95
Meridian Credit Union Nov 27 1.40 1.60 1.65 1.70 1.90
Tangerine Bank Nov 27 0.60 1.25 1.50 1.70 1.90
ICICI Bank Nov 27 0.80 1.00 1.40 1.60 1.85
Ideal Savings Nov 27 1.31 1.41 1.51 1.56 1.61
motusbank Nov 27 1.50 1.60 1.60 1.60 1.60
Simplii Financial Nov 27 0.50 0.75 1.00 1.25 1.50
Alterna Bank Nov 27 1.00 1.15 1.15 1.20 1.30

* Peoples Bank has the same parent company as Peoples Trust and offers the same interest rates

GIC promos below for the financial institutions on our chart. See also the promos page for additional GIC promos.

  • Oaken Financial: 1.90% for an 18-month GIC

GIC brokers

The GIC brokers listed below are for informational purposes only. Check each broker’s website to confirm the rates and find out more information, including but not limited to: deposit minimums, registered account rates, redeemable account rates, location eligibility, and more.

Broker name Updated 1-year 2-year 3-year 4-year 5-year
Monarch Wealth Corporation Nov 27 1.65 2.12 2.52 2.62 2.87
GIC Direct Nov 27 1.65 2.10 2.50 2.60 2.85
GIC Wealth Management Nov 27 1.65 2.10 2.50 2.60 2.85

Get monthly updates on bank promos and rate changes

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