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
ICICI Bank Jul 26 5.00 4.90 4.65 4.65 4.60
Oaken Financial Jul 26 5.05 5.05 4.70 4.50 4.50
Peoples Trust* Jul 26 5.05 4.75 4.55 4.45 4.40
Motive Financial Jul 26 5.05 4.80 4.50 4.45 4.40
Hubert Financial Jul 26 4.90 4.80 4.50 4.45 4.35
Saven Financial Jul 26 5.00 4.75 4.50 4.45 4.35
EQ Bank Jul 26 5.05 4.75 4.55 4.40 4.35
MAXA Financial Jul 26 4.85 4.80 4.50 4.45 4.30
Achieva Financial Jul 26 4.75 4.60 4.45 4.35 4.30
Outlook Financial Jul 26 4.75 4.60 4.40 4.35 4.25
Wealth One Bank of Canada Jul 26 4.70 4.55 4.25 4.25 4.25
Meridian Credit Union Jul 26 4.75 4.45 4.25 4.25 4.25
LBC Digital Jul 26 4.60 4.35 4.20 4.15 4.15
Simplii Financial Jul 26 4.60 4.10 4.10 4.10 4.00
Alterna Bank Jul 26 4.25 4.15 3.95 3.95 3.95
Canadian Tire Bank Jul 26 4.10 3.96 3.85 3.75 3.75
Tangerine Bank Jul 26 4.50 3.60 3.70 3.70 3.70
motusbank Jul 26 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: 4.60% for an 18-month GIC
  • motusbank: 4.05% for an 18-month GIC
  • Oaken Financial: 5.05% for an 18-month GIC
  • Tangerine Bank: 4.30% (non-registered) or 4.35% (registered) for an 18-month GIC
  • Wealth One Bank of Canada: 4.75% for an 18-month GIC
  • Peoples Trust: 5.05% for a 15-month GIC
  • Tangerine Bank: 4.80% for a 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 Jul 26 5.11 5.00 4.90 4.35 4.36
GIC Direct Jul 26 5.05 4.79 4.65 4.31 4.36
Monarch Wealth Corporation Jul 26 5.05 4.79 4.65 4.31 4.36

Get monthly updates on bank promos and rate changes

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