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By term1-year rates3.90%2-year rates4.25%3-year rates4.40%4-year rates4.45%5-year rates4.50%
By provinceOntarioFSRAManitobaDGCMAlberta2 schemesBritish ColumbiaCUDIC
By productTFSA GIC26 issuersRRSP GIC27 issuersCashable GIC19 issuersNon-redeemable GIC28 issuersUS dollar GIC12 issuers
AlsoAll rates compared28 issuersRate history2026-10
Best today4.50%WealthONE Bank of Canada, five-year term. 28 issuers checked by hand each month.All rates comparedVerified 2026-10-01
Online banksWealthONE Bank of Canada4.50%Oaken Financial4.40%MCAN Wealth4.35%EQ Bank4.25%Tangerine4.15%Simplii Financial3.65%
Credit unionsSaven Financial4.35%Achieva Financial4.10%Meridian Credit Union4.10%Northern Credit Union4.10%Kindred Credit Union4.00%Tru Cooperative Bank3.86%DUCA Credit Union3.85%Beem Credit Union3.80%FirstOntario Credit Union3.80%Coast Capital Savings3.80%Vancity3.70%Libro Credit Union3.50%Alterna Savings3.30%Tandia Financial Credit Union3.30%Servus Credit Union3.10%
Big fiveTD Bank3.55%BMO3.55%RBC Royal Bank2.75%Scotiabank2.75%CIBC2.75%
Other banksNational Bank of Canada4.00%ATB Financial3.35%
IndependentWe have no affiliation with any institution listed, and none can pay for a higher position.All 28 institutionsHow we verify rates
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ToolsGIC calculatorMost usedLadder calculatorLiquidityCDIC coverage calculatorCoverageAll calculators
GIC Rates
By term1-year rates3.90%2-year rates4.25%3-year rates4.40%4-year rates4.45%5-year rates4.50%
By provinceOntarioFSRAManitobaDGCMAlberta2 schemesBritish ColumbiaCUDIC
By productTFSA GIC26 issuersRRSP GIC27 issuersCashable GIC19 issuersNon-redeemable GIC28 issuersUS dollar GIC12 issuers
AlsoAll rates compared28 issuersRate history2026-10
Banks28 issuersGuides4 guidesAboutRate alertsMonthly

Independent and unaffiliated. Rates verified 2026-10-01.

GIC guides

How GICs work, what they cost you, and when a different product is the better answer. Written and kept current by Daniel Schoester.

4 guidesRates quoted verified 2026-10-01
Start hereAre GICs a Good Investment? Complete Guide (2025)Comprehensive guide examining GICs as an investment option for Canadians in 2025, comparing rates, tax implications, and strategic uses within diversified portfolios.Feb 3, 2025 ยท 8 min
RatesAre GIC rates going up?4 min
Investment StrategyMaximizing Returns with GIC Laddering3 min
Investment EducationUnderstanding GICs: A Complete Guide to Guaranteed Investment Certificates6 min
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Who writes these

One person, checked monthly

The same person who reads every issuer's rate page each month writes the guides, which is why the figures in them match the tables.

About Daniel Schoester

Educational information only, not financial advice. Rates quoted in these guides were accurate on their stated dates and may have changed. Published by Croton Holdings LLC.