Best GIC rates in Canada
Current non-registered GIC rates from Canada's big banks, online banks and two large credit unions. Every rate comes from the institution's own rate page. Click a column header to sort.
Last checked: November 2, 2026. 10 institutions, 51 rates.
Highest regular GIC rates we found
- 1 yr: 3.75% at Oaken Financial
- 2 yr: 4.20% at Oaken Financial
- 3 yr: 4.30% at Oaken Financial
- 5 yr: 4.50% at Oaken Financial
Regular (non-promo) rates only, among the institutions listed below. Not every Canadian bank or credit union is included.
GIC rates
| Institution | Product | Term | Rate | Insurance | Source |
|---|---|---|---|---|---|
| Oaken Financial | Non-redeemable GIC (annual interest) Home Trust / Home Bank deposits. No FHSA listed. | 1 yr | 3.75% | CDIC | Rate page checked November 2, 2026 |
| Tangerine | Guaranteed Investment | 1 yr | 3.75% | CDIC | Rate page checked November 2, 2026 |
| 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 | Non-redeemable term deposit | 1 yr | 3.10% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| BMO | Non-redeemable GIC (annual) Registered figures are BMO's posted TFSA/RSP GIC renewal rates, which match. | 1 yr | 3.00% | CDIC | Rate page checked November 2, 2026 |
| CIBC | Bonus Rate GIC (posted) | 1 yr | 2.45% | CDIC | Rate page checked November 2, 2026 |
| RBC | Non-redeemable GIC (posted) | 1 yr | 2.45% | CDIC | Rate page checked November 2, 2026 |
| Scotiabank | Long-term non-redeemable GIC (posted) | 1 yr | 2.45% | CDIC | Rate page checked November 2, 2026 |
| RBC | Special non-redeemable GICpromo | 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 |
| Oaken Financial | Non-redeemable GIC (annual interest) Home Trust / Home Bank deposits. No FHSA listed. | 2 yr | 4.20% | CDIC | Rate page checked November 2, 2026 |
| Tangerine | Guaranteed Investment | 2 yr | 4.05% | 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 | Non-redeemable term deposit | 2 yr | 3.40% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| BMO | Non-redeemable GIC (annual) Registered figures are BMO's posted TFSA/RSP GIC renewal rates, which match. | 2 yr | 3.20% | CDIC | Rate page checked November 2, 2026 |
| CIBC | Bonus Rate GIC (posted) | 2 yr | 2.55% | CDIC | Rate page checked November 2, 2026 |
| RBC | Non-redeemable GIC (posted) | 2 yr | 2.55% | CDIC | Rate page checked November 2, 2026 |
| Scotiabank | Long-term non-redeemable GIC (posted) | 2 yr | 2.50% | CDIC | Rate page checked November 2, 2026 |
| Scotiabank | Special non-redeemable GICpromo | 2 yr | 3.50% | CDIC | Rate page checked November 2, 2026 |
| RBC | Special non-redeemable GICpromo | 2 yr | 3.20% | CDIC | Rate page checked November 2, 2026 |
| Oaken Financial | Non-redeemable GIC (annual interest) Home Trust / Home Bank deposits. No FHSA listed. | 3 yr | 4.30% | 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 |
| Tangerine | Guaranteed Investment | 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 | Non-redeemable term deposit | 3 yr | 3.65% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| BMO | Non-redeemable GIC (annual) Registered figures are BMO's posted TFSA/RSP GIC renewal rates, which match. | 3 yr | 3.30% | CDIC | Rate page checked November 2, 2026 |
| CIBC | Bonus Rate GIC (posted) | 3 yr | 2.60% | CDIC | Rate page checked November 2, 2026 |
| Scotiabank | Long-term non-redeemable GIC (posted) | 3 yr | 2.60% | CDIC | Rate page checked November 2, 2026 |
| RBC | Non-redeemable GIC (posted) | 3 yr | 2.55% | CDIC | Rate page checked November 2, 2026 |
| Oaken Financial | Non-redeemable GIC (annual interest) Home Trust / Home Bank deposits. No FHSA listed. | 4 yr | 4.35% | 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 |
| Tangerine | Guaranteed Investment | 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 | Non-redeemable term deposit | 4 yr | 3.60% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| BMO | Non-redeemable GIC (annual) Registered figures are BMO's posted TFSA/RSP GIC renewal rates, which match. | 4 yr | 3.35% | CDIC | Rate page checked November 2, 2026 |
| CIBC | Bonus Rate GIC (posted) | 4 yr | 2.70% | CDIC | Rate page checked November 2, 2026 |
| RBC | Non-redeemable GIC (posted) | 4 yr | 2.70% | CDIC | Rate page checked November 2, 2026 |
| Scotiabank | Long-term non-redeemable GIC (posted) | 4 yr | 2.70% | CDIC | Rate page checked November 2, 2026 |
| Oaken Financial | Non-redeemable GIC (annual interest) Home Trust / Home Bank deposits. No FHSA listed. | 5 yr | 4.50% | 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 |
| Tangerine | Guaranteed Investment | 5 yr | 4.25% | 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 | Non-redeemable term deposit | 5 yr | 3.70% | CUDIC (BC, unlimited) | Rate page checked November 2, 2026 |
| BMO | Non-redeemable GIC (annual) Registered figures are BMO's posted TFSA/RSP GIC renewal rates, which match. | 5 yr | 3.55% | CDIC | Rate page checked November 2, 2026 |
| CIBC | Bonus Rate GIC (posted) | 5 yr | 2.75% | CDIC | Rate page checked November 2, 2026 |
| RBC | Non-redeemable GIC (posted) | 5 yr | 2.75% | CDIC | Rate page checked November 2, 2026 |
| Scotiabank | Long-term non-redeemable GIC (posted) | 5 yr | 2.75% | CDIC | Rate page checked November 2, 2026 |
| RBC | Special non-redeemable GICpromo | 5 yr | 3.55% | 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.
Frequently asked questions
What is a GIC?
A guaranteed investment certificate is a deposit that pays a fixed interest rate for a set term, usually 1 to 5 years. You get your money back plus interest at maturity.
Why are online bank GIC rates higher than big bank rates?
Online banks have lower costs and compete on price. Big banks often post lower regular rates and offer higher "special" rates for some terms.
Are GICs insured?
At CDIC member banks, eligible GICs with terms of 5 years or less are covered up to $100,000 per insured category per institution. Provincial credit unions have their own deposit insurance.
Is GIC interest taxable?
In a regular non-registered account, GIC interest is taxed as income each year, even if it is only paid at maturity. Holding a GIC in a TFSA avoids that tax.
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.