Tru Cooperative Bank GIC rates compared
Tru Cooperative Bank's best posted rate is 3.71% 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 by deposit insurance.
Get Tru GICsHow do Tru Cooperative Bank's GIC rates compare to the best in Canada?
On a 5-year term Tru Cooperative Bank posts 3.71% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | Tru Cooperative Bank | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 3.21% | 3.70% | −0.49 pts | WealthONE Bank of Canada |
| 2-year | 3.51% | 3.95% | −0.44 pts | WealthONE Bank of Canada |
| 3-year | 3.61% | 4.05% | −0.44 pts | WealthONE Bank of Canada |
| 4-year | 3.66% | 4.10% | −0.44 pts | WealthONE Bank of Canada |
| 5-year | 3.71% | 4.30% | −0.59 pts | WealthONE Bank of Canada |
Is Tru Cooperative Bank's GIC covered by CDIC?
Yes. Tru Cooperative Bank is a federal credit union, continued under the Bank Act and a CDIC member rather than covered by a provincial guarantee, so an eligible GIC held here is protected to $100,000 per depositor, per insured category.
Tru Cooperative Bank was First West Credit Union, and it became a federal credit union on 1 April 2026. Its own Statement of Transitional Coverage puts it plainly: "On the continuation day, TCB became a member of CDIC and on the same day, CUDIC deposit insurance ended." Deposits held before that day keep coverage on the former CUDIC terms until 28 September 2026, and a fixed-term deposit placed before it keeps that coverage until the term ends. Anything deposited on or after 1 April 2026 carries the standard CDIC limits. Envision Financial, Valley First, Island Savings and Enderby and District Financial are divisions of Tru Cooperative Bank and share its one limit.
Federal. $100,000 per depositor, per member institution, per insured category.
Where do these Tru Cooperative Bank rates come from?
Directly from Tru Cooperative Bank's own posted rate page at trucooperativebank.ca, read by hand on 2026-09-06. The page dates the rates themselves 2026-08-26.
All 11 terms Tru Cooperative Bank posts were captured in that read, including the 5 that carry a separate interest-paid-monthly rate. No aggregator, no feed, no affiliate link.
Tru Cooperative Bank's posted rates on trucooperativebank.caHow we collect and check ratesWho should buy a GIC from Tru Cooperative Bank?
People who already bank at Tru Cooperative Bank, 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 Tru Cooperative Bank GICs
What is Tru Cooperative Bank's minimum GIC deposit?
$500. Published minimums across the 23 institutions that state one run $100 to $1,000.
Does Tru Cooperative Bank have the best GIC rate in Canada?
Not on a 5-year term. Tru Cooperative Bank posts 3.71% there, against 4.30% from WealthONE Bank of Canada: a gap of 0.59 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 Tru Cooperative Bank offer?
11 terms are posted on trucooperativebank.ca, from 30 to 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 Tru Cooperative Bank pay GIC interest monthly?
Tru Cooperative Bank posts a separate, lower rate for interest paid monthly on 5 of its terms: 3.585% at 5 year, against 3.710% 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 Tru Cooperative Bank rates promotional?
No. These are Tru Cooperative Bank's standard posted rates, which its own page dates 2026-08-26; we read them on 2026-09-06. 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 Tru Cooperative Bank's 4-year rate pay on your deposit?
On $50,000 it pays $7,732 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 Tru Cooperative Bank's own posted page at trucooperativebank.ca and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.