This is list of GIC (Guaranteed Investment Certificate) rates available at Canadian Banks. It should help you to choose the best rate for long term and safe deposit. You can use our savings calculator to see what interest you’ll earn with the rate you pick.
In this table are listed only 1-5 years long term rates, but some Canadian banks offer longer term GICs. Check their websites for more information, as rates can be changed at any time without prior notice.
Banks are listed in alphabetic order (last update February, 2019)
| Bank Name | Minimum Investment | Investment Terms | Interest Payment Option | ||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 3 years | 4 years | 5 years | |||
| B2B bank | $1000 | 2.50% | 2.75% | 2.83% | 2.90% | 2.95% | Annual pay or compound |
| Bank of Montreal | $1000 | 1.40% | 1.50% | 1.60% | 1.80% | 2.20% | Based on annual or annual compound interest payment option |
| Canadian Tire Bank | $1000 | 2.70% | 2.95% | 3.00% | 3.10% | 3.35% | Interest is paid on the maturity of your GIC . |
| Canadian Western Bank | $1000 | 2.51% | 2.71% | 2.79% | 2.87% | 3.00% | Annual interest |
| CIBC | $1000 | 0.55% | 0.65% | 0.85% | 1.05% | 1.25% | Simple interest is paid monthly, quarterly, semi-annually, or annually, or compound interest is calculated annually and paid at maturity |
| CS Alterna Savings | $500 | 2.00% | 2.10% | 2.15% | 2.25% | 2.50% | |
| General Bank of Canada | $5000 | 2.55% | 2.71% | 2.85% | 2.95% | 3.01% | |
| HomEquity Bank | $5000 | 2.55% | 2.70% | 2.94% | 2.94% | 3.10% | Annual interest |
| Laurentian Bank of Canada | $1000 | 2.50% | 2.75% | 3.00% | 3.05% | 3.30% | |
| Manulife Bank of Canada | $2500 | 2.45% | 2.65% | 2.75% | 2.85% | 2.95% | Annual interest |
| National Bank of Canada | $1000 | 1.40% | 1.50% | 1.60% | 1.80% | 2.00% | Simple or Compound interest |
| Oaken Financial | $5000 | 3.10% | 3.30% | 3.35% | 3.40% | 3.60% | Annual Compound or Annual Pay |
| Royal Bank of Canada | $500 | 1.65% | 1.75% | 2.00% | 2.10% | 2.20% | Interest paid annually |
| Scotia Bank | $500 | 1.20% | 1.25% | 1.60% | 1.50% | 1.60% | Compounded Annually |
| Tangerine | $0 | 2.80% | 3.00% | 3.05% | 3.10% | 3.15% | |
| TD Canada Trust | $1000 | 1.45% | 1.60% | 1.80% | 2.00% | 2.20% | Compound interest calculated annually and paid at maturity |
| VersaBank | $1000 | 2.51% | 2.71% | 2.81% | 2.97% | 3.01% | Compounded Annually |