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
EQ Bank Dec 16 3.10 3.25 3.60 3.65 3.85
Achieva Financial Dec 16 3.40 3.55 3.80 3.70 3.80
Saven Financial Dec 16 3.65 3.65 3.70 3.70 3.80
MAXA Financial Dec 16 3.40 3.55 3.60 3.65 3.80
Outlook Financial Dec 16 3.40 3.55 3.60 3.65 3.80
MCAN Financial Dec 16 3.40 3.50 3.60 3.60 3.80
Oaken Financial Dec 16 3.40 3.50 3.60 3.60 3.80
Hubert Financial Dec 16 3.55 3.60 3.65 3.70 3.75
Tangerine Bank Dec 16 3.00 3.15 3.30 3.40 3.60
Wealth One Bank of Canada Dec 16 3.65 3.75 3.70 3.50 3.55
LBC Digital Dec 16 2.95 3.15 3.25 3.35 3.50
Meridian Credit Union Dec 16 2.80 3.15 3.25 3.30 3.50
Peoples Trust* Dec 16 2.90 3.05 3.25 3.25 3.45
Alterna Bank Dec 16 2.75 2.90 3.15 3.30 3.40
Simplii Financial Dec 16 2.85 2.90 3.00 3.20 3.30
Canadian Tire Bank Dec 16 2.30 2.35 2.40 2.45 3.30
ICICI Bank Dec 16 2.85 3.05 3.05 3.15 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: 3.00% for an 18-month GIC
  • Oaken Financial: 3.45% for an 18-month GIC
  • Wealth One Bank of Canada: 3.75% for an 18-month GIC
  • Peoples Trust: 2.95% for a 15-month GIC
  • Tangerine Bank: 3.10% 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 Direct Dec 16 3.50 3.70 3.62 3.65 3.75
Monarch Wealth Corporation Dec 16 3.50 3.70 3.62 3.65 3.75
GIC Wealth Management Dec 16 3.61 3.71 3.62 3.66 3.71

Get monthly updates on bank promos and rate changes

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