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
Saven Financial May 28 5.40 5.30 5.00 5.00 5.00
Wealth One Bank of Canada May 27 5.35 5.20 5.00 4.85 4.75
ICICI Bank May 28 5.35 5.00 4.75 4.75 4.75
EQ Bank May 28 5.15 4.95 4.75 4.55 4.60
Motive Financial May 28 5.40 5.20 4.90 4.65 4.50
Tangerine Bank May 28 5.20 3.60 5.00 4.60 4.50
Oaken Financial May 28 5.35 5.20 4.80 4.60 4.50
Hubert Financial May 28 5.25 5.05 4.70 4.60 4.50
Ideal Savings May 28 5.25 5.05 4.70 4.60 4.50
LBC Digital May 28 5.00 5.00 4.65 4.45 4.50
Peoples Trust* May 28 5.20 4.75 4.65 4.55 4.45
Achieva Financial May 28 5.00 4.80 4.60 4.50 4.40
MAXA Financial May 28 5.00 4.85 4.60 4.45 4.40
Outlook Financial May 28 5.00 4.80 4.50 4.45 4.40
Meridian Credit Union May 28 4.75 4.45 4.25 4.25 4.25
Simplii Financial May 28 5.00 4.35 4.25 4.25 4.25
Alterna Bank May 28 4.60 4.45 4.15 4.15 4.15
Canadian Tire Bank May 28 4.50 4.10 4.03 3.94 3.80
motusbank May 28 4.00 3.35 3.25 3.05 3.00

* 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.

  • Meridian Credit Union: 4.75% for an 18-month GIC
  • motusbank: 4.35% for an 18-month GIC
  • Oaken Financial: 5.35% for an 18-month GIC
  • Tangerine Bank: 4.80% (non-registered) or 5.00% (registered) for an 18-month GIC
  • Wealth One Bank of Canada: 5.35% for an 18-month GIC
  • Peoples Trust: 5.20% for a 15-month GIC
  • Tangerine Bank: 5.10% (non-registered) or 5.30% (registered) for an 9-month GIC
  • Motive Financial: 5.50% for a 120-day non-registered GIC, new deposits only

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 May 28 5.51 5.42 5.07 5.00 5.00
GIC Direct May 28 5.49 5.42 5.07 4.87 4.90
Monarch Wealth Corporation May 28 5.49 5.42 5.07 4.87 4.90

Get monthly updates on bank promos and rate changes

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