Bremo › Best GIC Rates Canada
Updated March 2026

Best GIC Rates Canada 2026

We track GIC rates across 30+ Canadian issuers. Here are the highest rates available today — from online banks, credit unions, and traditional institutions.

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Top GIC Rates by Institution (March 2026)

EQ Bank GICs

Canada's leading digital bank — consistently top GIC rates, CDIC insured

🏆 Best Overall
3-Month
4.75%
6-Month
4.85%
1-Year
4.90%
2-Year
4.50%
Min. $100 CDIC insured Interest at maturity Online only No early redemption
View EQ Bank GICs →

Oaken Financial GICs

Home Bank subsidiary — high rates, CDIC insured, telephone banking

High Rates
30-Day
4.50%
90-Day
4.70%
1-Year
4.85%
2-Year
4.40%
Min. $1,000 CDIC insured Redeemable options available Online + phone
View Oaken GICs →

Peoples Bank GICs

Peoples Trust subsidiary — competitive rates with flexible terms

Flexible Terms
1-Year
4.80%
2-Year
4.45%
3-Year
4.30%
5-Year
4.10%
Min. $1,000 CDIC insured Monthly interest option Online available
View Peoples Bank GICs →

Tangerine GICs

Scotia-backed — convenient if you already use Tangerine banking

Convenient Pick
90-Day
4.35%
1-Year
4.60%
2-Year
4.20%
5-Year
3.90%
Min. $500 (GIC) CDIC insured Easy online setup Can hold in TFSA or RRSP
View Tangerine GICs →

Big 5 Banks (RBC, TD, BMO, Scotia, CIBC)

Established institutions — lower rates, but branch convenience

Branch Access
1-Year
3.50–4.00%
2-Year
3.30–3.75%
3-Year
3.20–3.60%
5-Year
3.00–3.40%
CDIC insured In-branch or online TFSA/RRSP eligible Rates significantly lower than digital banks

💡 Big 5 GIC rates are typically 0.50–1.00% lower than digital banks like EQ Bank. On $50,000, that's $250–$500 less per year in interest.

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GIC Rate Comparison Table (March 2026)

Institution3-Month6-Month1-Year2-Year5-YearCDIC
EQ Bank4.75%4.85%4.90%4.50%4.00%✅
Oaken Financial4.50%4.70%4.85%4.40%4.05%✅
Peoples Bank4.55%4.65%4.80%4.45%4.10%✅
Tangerine4.35%4.45%4.60%4.20%3.90%✅
Simplii/CIBC4.00%4.10%4.25%3.90%3.60%✅
RBC3.75%3.85%4.00%3.65%3.30%✅
TD3.70%3.80%3.95%3.60%3.25%✅
BMO3.75%3.85%4.00%3.65%3.30%✅
Scotiabank3.70%3.80%4.00%3.65%3.30%✅

Rates are approximate as of March 2026. GIC rates change frequently. Always verify the current rate before purchasing. All rates are for non-redeemable GICs (higher rate than redeemable GICs).

GIC vs High-Interest Savings Account (HISA)

GIC — Higher Rate, Locked In

  • Rate: Typically 0.50–1.50% more than HISA
  • Access: Money locked for the term (usually 30 days to 5 years)
  • Best for: Emergency fund you don't need to touch; saving for a specific date goal
  • Risk: Interest rate locked — you miss out if rates rise
  • Tax: Interest income taxable in year received

HISA — Lower Rate, Flexible

  • Rate: EQ Bank 3.75%, Wealthsimple 3.5%, KOHO 3%
  • Access: Withdraw any time — no penalty
  • Best for: Emergency fund; saving toward a short-term goal
  • Benefit: Rate usually adjusts with Bank of Canada rate changes
  • Tax: Interest income taxable as earned

💡 GIC Laddering Strategy

Instead of putting everything in a 5-year GIC, split $100 into five $2,000 GICs maturing in 1, 2, 3, 4, and 5 years. Each year, renew at the current best rate. This gives you access to some money each year while earning higher locked-in rates — the best of both worlds.

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