MCAN Wealth GIC rates compared
MCAN Wealth's best posted rate is 3.65% on a 1-year term. The best rate available in Canada for that term is 3.70%, from WealthONE Bank of Canada. Both are covered by deposit insurance.
Get MCAN GICsHow do MCAN Wealth's GIC rates compare to the best in Canada?
On a 5-year term MCAN Wealth posts 4.05% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | MCAN Wealth | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 3.65% | 3.70% | −0.05 pts | WealthONE Bank of Canada |
| 2-year | 3.90% | 3.95% | −0.05 pts | WealthONE Bank of Canada |
| 3-year | 3.90% | 4.05% | −0.15 pts | WealthONE Bank of Canada |
| 4-year | 3.95% | 4.10% | −0.15 pts | WealthONE Bank of Canada |
| 5-year | 4.05% | 4.30% | −0.25 pts | WealthONE Bank of Canada |
Is MCAN Wealth's GIC covered by CDIC?
Yes. MCAN Wealth is a trust company deposit brand and a CDIC member, rather than a chartered bank, so an eligible GIC held here is protected to $100,000 per depositor, per insured category. The deposit itself is held by MCAN Mortgage Corporation, which means it shares that limit with anything else you hold there.
Federal. $100,000 per depositor, per member institution, per insured category.
Where do these MCAN Wealth rates come from?
Directly from MCAN Wealth's own posted rate page at mcanfinancial.com, read by hand on 2026-09-05. The page dates the rates themselves 2026-05-30.
All 5 terms MCAN Wealth posts were captured in that read. No aggregator, no feed, no affiliate link.
MCAN Wealth's posted rates on mcanfinancial.comHow we collect and check ratesWho should buy a GIC from MCAN Wealth?
Savers with a small deposit, mostly. The $100 minimum is the lowest we track, and no term here leads the market.
Common questions about MCAN Wealth GICs
What is MCAN Wealth's minimum GIC deposit?
$100, the lowest of the 10 minimums we track. Every other institution that publishes one asks $100 to $1,000, so a first GIC of a few hundred dollars may have nowhere else to go.
Does MCAN Wealth have the best GIC rate in Canada?
Not on a 5-year term. MCAN Wealth posts 4.05% there, against 4.30% from WealthONE Bank of Canada: a gap of 0.25 points on the same term, for the same non-redeemable product. The table above runs the same comparison across all 5 terms.
Which GIC terms does MCAN Wealth offer?
5 terms are posted on mcanfinancial.com, from 1-year to 5-year. The comparison table above covers the 5 annual terms where enough issuers publish a rate for a market comparison to mean anything.
Does MCAN Wealth pay GIC interest monthly?
MCAN Wealth does not post a separate interest-paid-monthly rate on mcanfinancial.com, so we do not publish one. Where an issuer posts one it is always lower than the compounding rate, which makes it worth asking before you choose monthly income.
Are these MCAN Wealth rates promotional?
No. These are MCAN Wealth's standard posted rates, which its own page dates 2026-05-30; we read them on 2026-09-05. Limited-time promotions are noted separately rather than used to move an institution up the ranking, because a promotional rate that expires before your term does is not a rate you can rely on.
How we collect and check ratesWhat would MCAN Wealth's 1-year rate pay on your deposit?
On $50,000 it pays $1,825 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
Get next month's rates by email
One email a month with the best verified rate for every term, read off 15 issuers' own pages the same way every rate on this site is.
Independent and unaffiliated. Rates are read from MCAN Wealth's own posted page at mcanfinancial.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.