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.

Filter by availability per province:

Bank / Credit Union name Updated 1-year 2-year 3-year 4-year 5-year
MAXA Financial Aug 17 4.00 4.20 4.60 4.85 5.10
Ideal Savings Aug 17 4.05 4.25 4.55 4.76 5.05
Peoples Trust* Aug 17 4.50 4.75 4.80 4.80 5.00
Achieva Financial Aug 17 4.30 4.55 4.65 4.80 5.00
Motive Financial Aug 17 4.43 4.64 4.70 4.76 5.00
Wealth One Bank of Canada Aug 17 4.30 4.65 4.75 4.75 5.00
Oaken Financial Aug 17 4.15 4.60 4.70 4.75 5.00
AcceleRate Financial Aug 17 4.25 4.75 4.50 4.75 5.00
Hubert Financial Aug 17 4.25 4.75 4.50 4.75 5.00
Outlook Financial Aug 17 4.00 4.20 4.50 4.75 5.00
motusbank Aug 17 4.15 4.40 4.60 4.65 4.85
Saven Financial Aug 17 4.40 4.85 4.65 4.70 4.75
Wyth Financial Aug 17 4.30 4.55 4.60 4.65 4.75
Meridian Credit Union Aug 17 4.10 4.40 4.50 4.60 4.70
EQ Bank Aug 17 4.35 4.40 4.45 4.50 4.65
Alterna Bank Aug 17 3.90 4.15 4.25 4.30 4.60
LBC Digital Aug 17 4.35 4.40 4.50 4.50 4.50
Tangerine Bank Aug 17 4.50 4.30 4.60 4.40 4.45
Canadian Tire Bank Aug 17 3.55 4.00 4.10 4.15 4.44
Simplii Financial Aug 17 4.25 4.05 4.10 4.15 4.20
ICICI Bank Aug 17 4.25 4.30 4.00 4.00 4.00

* 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: 4.30% for an 18-month GIC
  • Wealth One Bank of Canada: 4.40% for an 18-month GIC
  • Wyth Financial: 4.25% 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
GIC Wealth Management Aug 17 4.50 4.65 4.90 5.05 5.25
Monarch Wealth Corporation Aug 17 4.50 4.65 4.85 5.05 5.25
GIC Direct Aug 17 4.39 4.75 4.57 4.75 5.00

Get monthly updates on bank promos and rate changes

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