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
Wealth One Bank of Canada Apr 27 5.35 5.20 4.85 4.85 4.75
ICICI Bank Apr 27 5.35 5.00 4.75 4.75 4.75
Saven Financial Apr 27 5.40 5.30 4.90 4.75 4.65
Achieva Financial Apr 27 5.20 5.00 4.70 4.65 4.55
EQ Bank Apr 27 5.35 5.00 4.80 4.60 4.55
Oaken Financial Apr 27 5.35 5.20 4.80 4.60 4.50
Hubert Financial Apr 27 5.25 5.05 4.70 4.60 4.50
Ideal Savings Apr 27 5.25 5.05 4.70 4.60 4.50
LBC Digital Apr 27 5.00 4.90 4.70 4.50 4.50
Peoples Trust* Apr 27 5.35 4.75 4.65 4.55 4.45
MAXA Financial Apr 27 5.10 4.85 4.60 4.45 4.40
Outlook Financial Apr 27 5.00 4.80 4.50 4.45 4.40
Motive Financial Apr 27 5.40 5.10 4.65 4.50 4.35
Meridian Credit Union Apr 27 4.90 4.50 4.25 4.25 4.25
Simplii Financial Apr 27 5.00 4.35 4.25 4.25 4.25
Alterna Bank Apr 27 4.65 4.45 4.15 4.15 4.15
Canadian Tire Bank Apr 27 4.50 4.10 4.03 3.94 3.80
Tangerine Bank Apr 27 5.20 3.60 3.50 3.30 3.25
motusbank Apr 27 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 Apr 27 5.48 5.45 5.15 5.00 5.00
GIC Direct Apr 27 5.48 5.45 5.15 4.95 4.90
Monarch Wealth Corporation Apr 27 5.48 5.45 5.15 4.95 4.90

Get monthly updates on bank promos and rate changes

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