Northern Credit Union GIC rates compared
Northern Credit Union's best posted rate is 4.00% on a 5-year term. The best rate available in Canada for that term is 4.30%, from WealthONE Bank of Canada. Both are covered, Northern Credit Union by FSRA.
Get Northern GICsHow do Northern Credit Union's GIC rates compare to the best in Canada?
On a 5-year term Northern Credit Union posts 4.00% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | Northern Credit Union | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 2.90% | 3.70% | −0.80 pts | WealthONE Bank of Canada |
| 2-year | 3.35% | 3.95% | −0.60 pts | WealthONE Bank of Canada |
| 3-year | 3.50% | 4.05% | −0.55 pts | WealthONE Bank of Canada |
| 4-year | 3.75% | 4.10% | −0.35 pts | WealthONE Bank of Canada |
| 5-year | 4.00% | 4.30% | −0.30 pts | WealthONE Bank of Canada |
Northern Credit Union does not publish how often its term deposits compound. Every other rate on this site is an annual equivalent, so the figures above are comparable only if Northern Credit Union compounds annually too — and it does not say. Ask them before you commit: on a five-year term the difference between annual and simple interest is real money. If you find it stated anywhere, tell us and it goes on this page.
Is Northern Credit Union's GIC covered by FSRA?
Yes, though not by CDIC. Northern Credit Union is a credit union regulated in Ontario, so its deposits are protected to $250,000 by the Financial Services Regulatory Authority of Ontario rather than to CDIC's $100,000.
Ontario. Eligible deposits in registered accounts are covered without limit; non-registered deposits are covered to $250,000.
Where do these Northern Credit Union rates come from?
Directly from Northern Credit Union's own posted rate page at northerncu.com, read by hand on 2026-09-06. Northern Credit Union does not date its posted rates, so the read date is the only currency guarantee available.
All 11 terms Northern Credit Union posts were captured in that read. No aggregator, no feed, no affiliate link.
Northern Credit Union's posted rates on northerncu.comHow we collect and check ratesWho should buy a GIC from Northern Credit Union?
People who already bank at Northern Credit Union, mostly. It does not lead any term we track, so what is left is the convenience of not moving money, priced below.
Common questions about Northern Credit Union GICs
What is Northern Credit Union's minimum GIC deposit?
$1,000, at the top of the $100 to $1,000 range the 23 published minimums cover. It is the common figure rather than an unusual one: several higher-paying issuers ask the same.
Does Northern Credit Union have the best GIC rate in Canada?
Not on a 5-year term. Northern Credit Union posts 4.00% there, against 4.30% from WealthONE Bank of Canada: a gap of 0.30 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 Northern Credit Union offer?
11 terms are posted on northerncu.com, from 30–59 days 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 Northern Credit Union pay GIC interest monthly?
Northern Credit Union does not post a separate interest-paid-monthly rate on northerncu.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 Northern Credit Union rates promotional?
No. These are Northern Credit Union's standard posted rates, read from northerncu.com on 2026-09-06. Northern Credit Union does not date its posted rates, so that read date is the only currency guarantee available here. Limited-time promotions are noted separately rather than used to move an institution up the ranking.
How we collect and check ratesWhat would Northern Credit Union's 5-year rate pay on your deposit?
On $50,000 it pays $10,833 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
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One email a month with the best verified rate for every term, read off 28 issuers' own pages the same way every rate on this site is.
Independent and unaffiliated. Rates are read from Northern Credit Union's own posted page at northerncu.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.