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:

Historical GIC rates on 2023-10-03

Bank / Credit Union name Updated 1-year 2-year 3-year 4-year 5-year
Motive Financial Jan 1 5.65 5.70 5.40 5.28 5.28
Wealth One Bank of Canada Jan 1 5.98 5.68 5.38 5.28 5.28
LBC Digital Jan 1 5.60 5.75 5.30 5.20 5.20
Oaken Financial Jan 1 5.75 5.60 5.40 5.15 5.15
EQ Bank Jan 1 5.75 5.55 5.35 5.10 5.10
Canadian Tire Bank Jan 1 5.25 5.25 5.20 5.07 5.08
Achieva Financial Jan 1 5.50 5.60 5.15 5.00 5.00
Outlook Financial Jan 1 5.30 5.35 5.05 4.90 4.90
Saven Financial Jan 1 5.55 5.35 5.25 4.85 4.85
Hubert Financial Jan 1 5.30 5.55 5.00 4.80 4.80
Meridian Credit Union Jan 1 5.20 5.25 4.70 4.70 4.70
Alterna Bank Jan 1 5.00 4.75 4.70 4.70 4.70
Peoples Trust* Jan 1 5.80 5.70 5.10 4.65 4.50
MAXA Financial Jan 1 5.10 4.95 4.70 4.50 4.45
ICICI Bank Jan 1 4.70 4.70 4.40 4.40 4.40
Simplii Financial Jan 1 5.10 5.25 4.50 4.45 4.35
Tangerine Bank Jan 1 5.95 4.20 4.00 3.90 3.85
motusbank Jan 1 4.50 4.20 3.90 3.85 3.75

* 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.

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 Nov 4 4.05 3.80 3.64 3.61 3.67
GIC Wealth Management Nov 4 3.98 3.72 3.64 3.61 3.67
Monarch Wealth Corporation Nov 4 3.98 3.72 3.64 3.60 3.67

Get monthly updates on bank promos and rate changes

Please write your comments in the forum.