Where to invest: a student’s dilemma of savings accounts, GICs, and XEQT

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 / 11:05am 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 Nov 10 4.05 4.30 4.40 4.45 4.55
Oaken Financial Nov 10 3.90 4.30 4.35 4.40 4.50
Saven Financial Nov 10 4.00 4.25 4.30 4.35 4.50
Achieva Financial Nov 10 3.95 4.10 4.15 4.20 4.35
Outlook Financial Nov 10 3.95 4.05 4.15 4.20 4.35
Haventree Bank Nov 10 4.00 4.15 4.15 4.20 4.30
EQ Bank Nov 10 3.70 4.00 4.15 4.20 4.30
Hubert Financial Nov 10 3.85 3.95 4.05 4.15 4.25
Simplii Financial Nov 10 3.60 3.60 3.70 3.95 4.25
Tangerine Bank Nov 10 3.70 4.05 4.10 4.15 4.20
Meridian Credit Union Nov 10 3.40 3.80 4.00 4.10 4.20
Canadian Tire Bank Nov 10 2.35 2.40 2.45 2.50 4.20
LBC Digital Nov 10 3.50 3.80 3.95 4.00 4.10
MCAN Financial Nov 10 3.65 3.90 3.90 3.95 4.05
ICICI Bank Nov 10 3.35 3.60 3.60 3.75 4.00
Peoples Trust* Nov 10 3.70 3.00 3.25 3.25 3.45
Alterna Bank Nov 10 2.65 2.85 3.10 3.25 3.30

* 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.

  • Hubert Financial: 3.90% for an 18-month GIC
  • Meridian Credit Union: 3.65% for an 18-month GIC
  • Oaken Financial: 3.95% for an 18-month GIC
  • Wealth One Bank of Canada: 3.90% for an 18-month GIC
  • Peoples Trust: 2.90% for a 15-month GIC
  • Tangerine Bank: 4.00% 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 Nov 10 4.25 4.30 4.36 4.38 4.46
GIC Direct Nov 10 4.25 4.30 4.36 4.37 4.46
Monarch Wealth Corporation Nov 10 4.25 4.30 4.36 4.37 4.46

Get monthly updates on bank promos and rate changes

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