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Email thisThis 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.
| Bank / Credit Union name | Updated | 1-year | 2-year | 3-year | 4-year | 5-year |
|---|---|---|---|---|---|---|
| Oaken Financial | May 25 | 3.50 | 3.85 | 3.85 | 3.90 | 4.05 |
| Wealth One Bank of Canada | May 25 | 3.40 | 3.75 | 3.85 | 3.90 | 4.05 |
| Canadian Tire Bank | May 25 | 2.35 | 2.40 | 2.45 | 2.50 | 4.02 |
| EQ Bank | May 25 | 3.25 | 3.75 | 3.80 | 3.85 | 4.00 |
| MCAN Financial | May 25 | 3.40 | 3.70 | 3.75 | 3.85 | 4.00 |
| Saven Financial | May 25 | 3.55 | 3.70 | 3.75 | 3.80 | 4.00 |
| Meridian Credit Union | May 25 | 3.10 | 3.55 | 3.70 | 3.75 | 3.90 |
| Achieva Financial | May 25 | 3.60 | 3.80 | 3.70 | 3.75 | 3.85 |
| MAXA Financial | May 25 | 3.50 | 3.70 | 3.60 | 3.65 | 3.85 |
| Outlook Financial | May 25 | 3.50 | 3.70 | 3.60 | 3.65 | 3.85 |
| Hubert Financial | May 25 | 3.45 | 3.55 | 3.65 | 3.70 | 3.80 |
| Tangerine Bank | May 25 | 3.25 | 3.50 | 3.60 | 3.70 | 3.75 |
| LBC Digital | May 25 | 3.00 | 3.40 | 3.55 | 3.65 | 3.75 |
| Peoples Trust* | May 25 | 2.90 | 3.00 | 3.25 | 3.25 | 3.45 |
| Alterna Bank | May 25 | 2.65 | 2.85 | 3.10 | 3.25 | 3.30 |
| Simplii Financial | May 25 | 2.85 | 2.90 | 3.00 | 3.20 | 3.30 |
| ICICI Bank | May 25 | 2.70 | 2.90 | 2.90 | 2.90 | 3.10 |
* 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: 3.20% for an 18-month GIC
- Oaken Financial: 3.60% 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: 3.30% 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 | May 25 | 3.66 | 3.80 | 3.99 | 3.99 | 4.05 |
| GIC Wealth Management | May 25 | 3.66 | 3.80 | 3.99 | 3.99 | 4.05 |
| Monarch Wealth Corporation | May 25 | 3.66 | 3.80 | 3.99 | 3.99 | 4.05 |