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
Motive Financial May 18 3.40 3.95 4.10 4.15 4.15
Peoples Trust* May 18 3.35 3.95 4.10 4.15 4.15
Oaken Financial May 18 3.25 3.90 4.10 4.15 4.15
EQ Bank May 18 3.35 3.95 4.10 4.10 4.15
Wyth Financial May 18 3.35 3.95 4.05 4.10 4.15
LBC Digital May 18 3.25 3.85 4.05 4.10 4.15
Wealth One Bank of Canada May 18 3.10 3.75 4.05 4.05 4.10
Achieva Financial May 18 3.00 3.60 3.80 3.90 4.00
Alterna Bank May 18 3.00 3.50 3.65 3.75 4.00
Canadian Tire Bank May 18 0.25 0.50 0.60 0.70 4.00
Simplii Financial May 18 2.80 3.10 3.50 3.60 3.80
Meridian Credit Union May 18 2.75 3.10 3.40 3.60 3.75
motusbank May 18 2.70 3.10 3.25 3.50 3.60
Tangerine Bank May 18 2.90 3.10 4.00 3.40 3.55
Hubert Financial May 18 2.65 2.85 3.05 3.35 3.55
AcceleRate Financial May 18 2.65 2.75 3.05 3.35 3.55
MAXA Financial May 18 2.65 2.75 3.05 3.35 3.55
Outlook Financial May 18 2.50 2.75 3.05 3.35 3.55
Ideal Savings May 18 2.56 2.71 3.01 3.31 3.51
ICICI Bank May 18 1.80 2.00 2.25 2.40 2.50

* 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.

  • Tangerine Bank: 2.11% for a 9-month GIC; 2.90% for an 18-month GIC
  • Oaken Financial: 3.30% 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 Direct May 18 3.74 3.86 4.01 4.10 4.25
GIC Wealth Management May 18 3.74 3.86 4.10 4.15 4.15
Monarch Wealth Corporation May 18 3.74 3.86 4.05 4.13 4.14

Get monthly updates on bank promos and rate changes

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