Simplii Financial GIC rates compared
Simplii Financial's best posted rate is 3.55% on a 4-year term. The best rate available in Canada for that term is 4.10%, from WealthONE Bank of Canada. Both are covered by deposit insurance.
Get Simplii GICsHow do Simplii Financial's GIC rates compare to the best in Canada?
On a 5-year term Simplii Financial posts 3.65% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | Simplii Financial | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 2.90% | 3.70% | −0.80 pts | WealthONE Bank of Canada |
| 2-year | 3.00% | 3.95% | −0.95 pts | WealthONE Bank of Canada |
| 3-year | 3.20% | 4.05% | −0.85 pts | WealthONE Bank of Canada |
| 4-year | 3.55% | 4.10% | −0.55 pts | WealthONE Bank of Canada |
| 5-year | 3.65% | 4.30% | −0.65 pts | WealthONE Bank of Canada |
Is Simplii Financial's GIC covered by CDIC?
Yes. Simplii Financial is a branchless CDIC member bank, so an eligible GIC held here is protected to $100,000 per depositor, per insured category. The deposit itself is held by CIBC, 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 Simplii Financial rates come from?
Directly from Simplii Financial's own posted rate page at simplii.com, read by hand on 2026-09-05. Simplii Financial does not date its posted rates, so the read date is the only currency guarantee available.
All 5 terms Simplii Financial posts were captured in that read, including the 5 that carry a separate interest-paid-monthly rate. No aggregator, no feed, no affiliate link.
Simplii Financial's posted rates on simplii.comHow we collect and check ratesWho should buy a GIC from Simplii Financial?
Savers with a small deposit, mostly. The $100 minimum is the lowest we track, and no term here leads the market.
Common questions about Simplii Financial GICs
What is Simplii Financial'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 Simplii Financial have the best GIC rate in Canada?
Not on a 5-year term. Simplii Financial posts 3.65% there, against 4.30% from WealthONE Bank of Canada: a gap of 0.65 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 Simplii Financial offer?
5 terms are posted on simplii.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 Simplii Financial pay GIC interest monthly?
Simplii Financial posts a separate, lower rate for interest paid monthly on 5 of its terms: 3.591% at 5 year, against 3.650% compounded annually. Every figure on this page is the compounding rate, so a monthly-income GIC here pays less than the table shows.
Are these Simplii Financial rates promotional?
No. These are Simplii Financial's standard posted rates, read from simplii.com on 2026-09-05. Simplii Financial 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 Simplii Financial's 4-year rate pay on your deposit?
On $50,000 it pays $7,487 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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Independent and unaffiliated. Rates are read from Simplii Financial's own posted page at simplii.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.