The Finance Coach

Canadian GIC and savings rates

Current GIC and savings rates for regular, TFSA, RRSP and FHSA accounts. Each rate is copied from the institution's own rate page, with a link to check it. No paid placements and no affiliate links.

Last checked: November 2, 2026. 11 institutions.

Best GIC rates in Canada

10 institutions, 51 rates. Compare current non-registered 1 to 5 year GIC rates from big banks, online banks and credit unions, copied from official rate pages.

TFSA GIC and savings rates

10 institutions, 49 rates. Compare current TFSA GIC rates and TFSA savings account rates from Canadian banks and credit unions, from official rate pages.

RRSP GIC and savings rates

11 institutions, 52 rates. Compare current RRSP GIC rates and RRSP savings rates from Canadian banks and credit unions, copied from official rate pages.

FHSA rates: GICs and savings

6 institutions, 26 rates. Compare current First Home Savings Account (FHSA) GIC and savings rates from Canadian banks and credit unions, copied from official rate pages.

Highest regular non-registered GIC rates we found

Things to know

Promo rates vs regular rates

Rows marked promo are special offers. They may be limited to new clients, new money, a short period or certain terms. A savings promo usually drops back to the much lower regular rate after a few months. A GIC rate is locked in for the whole term, so a "special" GIC rate is a real rate for that term. Read the offer conditions on the institution's page.

Deposit insurance

Banks listed here are members of the Canada Deposit Insurance Corporation (CDIC). CDIC covers eligible deposits, including GICs with terms of 5 years or less, up to $100,000 per insured category per member institution. TFSAs, RRSPs, RRIFs and FHSAs are each a separate category. Credit unions are covered by their own province instead: in Ontario by FSRA, in BC by CUDIC, which guarantees deposits without a limit. Check coverage for your own situation.

How registered GICs work

A TFSA, RRSP or FHSA is an account type, not an investment. Inside it you can hold cash savings or GICs. A "TFSA GIC" is simply a GIC held inside a TFSA. The interest is then tax-free (TFSA, and FHSA when used for a qualifying first home) or tax-deferred (RRSP). Your contribution limits still apply. A non-redeemable GIC locks your money until maturity, so you usually cannot withdraw early even inside a TFSA. If you need access, look at cashable GICs or registered savings accounts, which pay less.

How we collect these rates

We read each institution's public rate page and record the rate, the term, the account type and the date we checked. If we cannot confirm a rate on the official page, we leave it out. We do not use rate-comparison sites as sources.

Related calculators

Rates change often. Verify with the institution before you invest. These rates were copied by hand from each institution's own public rate page on the date shown. They may have changed since. This page is general information only, not financial advice or a recommendation of any institution or product. We do not get paid by any institution listed and there are no affiliate links on this page.