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 Mar 30 5.10 5.05 4.95 5.00 5.00
Wealth One Bank of Canada Mar 30 5.25 5.15 4.90 4.90 4.80
Motive Financial Mar 30 5.12 4.85 4.75 4.72 4.72
AcceleRate Financial Mar 30 4.75 4.85 4.75 4.75 4.70
Hubert Financial Mar 30 4.75 4.85 4.75 4.75 4.70
Achieva Financial Mar 30 4.80 4.85 4.75 4.70 4.70
MAXA Financial Mar 30 4.80 4.80 4.70 4.70 4.70
Outlook Financial Mar 30 4.75 4.85 4.65 4.70 4.70
Ideal Savings Mar 30 4.65 4.75 4.65 4.65 4.60
Peoples Trust* Mar 30 5.00 5.00 4.85 4.65 4.50
Meridian Credit Union Mar 30 4.75 4.70 4.50 4.50 4.50
Alterna Bank Mar 30 4.75 4.60 4.50 4.50 4.50
ICICI Bank Mar 30 4.70 4.70 4.40 4.40 4.40
LBC Digital Mar 30 4.75 4.50 4.30 4.30 4.30
Canadian Tire Bank Mar 30 4.30 4.30 4.30 4.22 4.24
Oaken Financial Mar 30 5.05 4.70 4.30 4.25 4.15
EQ Bank Mar 30 4.75 4.35 4.20 4.15 4.15
motusbank Mar 30 4.65 4.30 4.20 4.15 4.05
Tangerine Bank Mar 30 4.65 4.30 4.20 4.15 4.05
Simplii Financial Mar 30 4.00 4.00 3.30 3.00 3.25

* 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: 5.00% for an 18-month GIC
  • motusbank: 4.55% for an 18-month GIC
  • Oaken Financial: 5.00% for an 18-month GIC
  • Tangerine Bank: 4.85% for an 18-month GIC
  • Wealth One Bank of Canada: 5.20% 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 Mar 30 5.32 5.32 5.22 5.17 5.17
Monarch Wealth Corporation Mar 30 5.30 5.32 5.22 5.17 5.17
GIC Direct Mar 30 5.28 5.32 5.15 5.10 5.10

Get monthly updates on bank promos and rate changes

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