FHSA rates: GICs and savings
Rates for GICs and savings held inside a First Home Savings Account. Fewer institutions offer FHSA GICs than TFSA or RRSP GICs, so this list is shorter.
Last checked: November 2, 2026. 6 institutions, 26 rates.
Highest regular GIC rates we found
- 1 yr: 3.70% at EQ Bank
- 2 yr: 4.00% at EQ Bank
- 3 yr: 4.15% at EQ Bank
- 5 yr: 4.30% at EQ Bank
Regular (non-promo) rates only, among the institutions listed below. Not every Canadian bank or credit union is included.
FHSA GIC rates
| Institution | Product | Term | Rate | Insurance | Source |
|---|---|---|---|---|---|
| EQ Bank | GIC RRSP and FHSA not offered in Quebec. Rates effective Oct 29, 2026. | 1 yr | 3.70% | CDIC | Rate page checked November 2, 2026 |
| Meridian Credit Union | Long-term non-redeemable GIC | 1 yr | 3.40% | FSRA (Ontario) | Rate page checked November 2, 2026 |
| Vancity | FHSA non-redeemable term deposit | 1 yr | 3.30% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| CIBC | FHSA non-redeemable GIC | 1 yr | 3.00% | CDIC | Rate page checked November 2, 2026 |
| TD | Special Offer non-cashable GICpromo | 14 mo | 3.05% | CDIC | Rate page checked November 2, 2026 |
| TD | Special Offer non-cashable GICpromo | 18 mo | 3.25% | CDIC | Rate page checked November 2, 2026 |
| EQ Bank | GIC RRSP and FHSA not offered in Quebec. Rates effective Oct 29, 2026. | 2 yr | 4.00% | CDIC | Rate page checked November 2, 2026 |
| Meridian Credit Union | Long-term non-redeemable GIC | 2 yr | 3.80% | FSRA (Ontario) | Rate page checked November 2, 2026 |
| Vancity | FHSA non-redeemable term deposit | 2 yr | 3.60% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| CIBC | FHSA non-redeemable GIC | 2 yr | 3.20% | CDIC | Rate page checked November 2, 2026 |
| EQ Bank | GIC RRSP and FHSA not offered in Quebec. Rates effective Oct 29, 2026. | 3 yr | 4.15% | CDIC | Rate page checked November 2, 2026 |
| Meridian Credit Union | Long-term non-redeemable GIC | 3 yr | 4.00% | FSRA (Ontario) | Rate page checked November 2, 2026 |
| Vancity | FHSA non-redeemable term deposit | 3 yr | 3.85% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| CIBC | FHSA non-redeemable GIC | 3 yr | 3.30% | CDIC | Rate page checked November 2, 2026 |
| EQ Bank | GIC RRSP and FHSA not offered in Quebec. Rates effective Oct 29, 2026. | 4 yr | 4.20% | CDIC | Rate page checked November 2, 2026 |
| Meridian Credit Union | Long-term non-redeemable GIC | 4 yr | 4.10% | FSRA (Ontario) | Rate page checked November 2, 2026 |
| Vancity | FHSA non-redeemable term deposit | 4 yr | 3.80% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| CIBC | FHSA non-redeemable GIC | 4 yr | 3.40% | CDIC | Rate page checked November 2, 2026 |
| EQ Bank | GIC RRSP and FHSA not offered in Quebec. Rates effective Oct 29, 2026. | 5 yr | 4.30% | CDIC | Rate page checked November 2, 2026 |
| Meridian Credit Union | Long-term non-redeemable GIC | 5 yr | 4.20% | FSRA (Ontario) | Rate page checked November 2, 2026 |
| Vancity | FHSA non-redeemable term deposit | 5 yr | 3.90% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| CIBC | FHSA non-redeemable GIC | 5 yr | 3.60% | CDIC | Rate page checked November 2, 2026 |
FHSA savings account rates
| Institution | Product | Term | Rate | Insurance | Source |
|---|---|---|---|---|---|
| Vancity | FHSA Jumpstart savings | Savings | 3.00% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| CIBC | FHSA savings | Savings | 2.00% | CDIC | Rate page checked November 2, 2026 |
| EQ Bank | Registered savings | Savings | 1.50% | CDIC | Rate page checked November 2, 2026 |
| Wealthsimple | Registered savings (Core tier) 1.75% Premium ($100k+ assets), 2.25% Generation ($500k+). | Savings | 1.25% | CDIC | Rate page checked November 2, 2026 |
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.
Frequently asked questions
Can I hold a GIC in an FHSA?
Yes, at institutions that offer FHSA GICs. EQ Bank, CIBC, Meridian, Vancity and TD (special offers) list FHSA GIC rates on their own pages.
How much can I put in an FHSA?
Up to $8,000 a year and $40,000 lifetime, with up to $8,000 of unused room carried forward. Use the FHSA calculator to plan.
Should I choose a long GIC term in an FHSA?
Pick a term that ends before you expect to buy. A non-redeemable GIC usually cannot be cashed early, which could delay your down payment.
Are FHSA deposits insured?
Since 2024, eligible FHSA deposits at CDIC members are a separate category covered up to $100,000 per institution.
Related calculators
- Compound interest calculator: see what a GIC rate grows to over time
- FHSA calculator
- TFSA contribution room calculator
- RRSP contribution room calculator
Other rate pages
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.