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
Hubert Financial Mar 18 5.35 5.35 4.95 4.85 4.75
Ideal Savings Mar 18 5.35 5.35 4.95 4.85 4.75
Saven Financial Mar 18 5.45 5.30 4.90 4.80 4.70
Outlook Financial Mar 18 5.30 5.25 4.90 4.80 4.70
Achieva Financial Mar 18 5.20 5.00 4.70 4.65 4.55
Wealth One Bank of Canada Mar 18 5.05 4.85 4.65 4.65 4.55
Peoples Trust* Mar 18 5.40 4.75 4.65 4.65 4.50
MAXA Financial Mar 18 5.10 5.20 4.90 4.60 4.50
Oaken Financial Mar 18 5.35 5.20 4.80 4.60 4.50
ICICI Bank Mar 18 5.00 5.00 4.50 4.50 4.50
EQ Bank Mar 18 5.35 5.00 4.80 4.55 4.45
Motive Financial Mar 18 5.40 5.10 4.65 4.50 4.35
LBC Digital Mar 18 5.10 4.85 4.60 4.30 4.30
Meridian Credit Union Mar 18 4.90 4.50 4.25 4.25 4.25
Simplii Financial Mar 18 5.00 4.35 4.25 4.25 4.25
Alterna Bank Mar 18 4.80 4.55 4.30 4.20 4.10
Canadian Tire Bank Mar 18 4.50 4.10 4.03 3.94 3.80
Tangerine Bank Mar 18 5.20 3.60 3.50 3.30 3.25
motusbank Mar 18 4.25 3.60 3.50 3.30 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: 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: 5.00% 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 Mar 18 5.50 5.50 5.15 5.00 5.00
Monarch Wealth Corporation Mar 18 5.42 5.50 5.15 4.90 4.90
GIC Direct Mar 18 5.42 5.45 5.15 4.90 4.90

Get monthly updates on bank promos and rate changes

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