We track GIC rates across 30+ Canadian issuers. Here are the highest rates available today — from online banks, credit unions, and traditional institutions.
Canada's leading digital bank — consistently top GIC rates, CDIC insured
Home Bank subsidiary — high rates, CDIC insured, telephone banking
Peoples Trust subsidiary — competitive rates with flexible terms
Scotia-backed — convenient if you already use Tangerine banking
Established institutions — lower rates, but branch convenience
💡 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.
| Institution | 3-Month | 6-Month | 1-Year | 2-Year | 5-Year | CDIC |
|---|---|---|---|---|---|---|
| EQ Bank | 4.75% | 4.85% | 4.90% | 4.50% | 4.00% | ✅ |
| Oaken Financial | 4.50% | 4.70% | 4.85% | 4.40% | 4.05% | ✅ |
| Peoples Bank | 4.55% | 4.65% | 4.80% | 4.45% | 4.10% | ✅ |
| Tangerine | 4.35% | 4.45% | 4.60% | 4.20% | 3.90% | ✅ |
| Simplii/CIBC | 4.00% | 4.10% | 4.25% | 3.90% | 3.60% | ✅ |
| RBC | 3.75% | 3.85% | 4.00% | 3.65% | 3.30% | ✅ |
| TD | 3.70% | 3.80% | 3.95% | 3.60% | 3.25% | ✅ |
| BMO | 3.75% | 3.85% | 4.00% | 3.65% | 3.30% | ✅ |
| Scotiabank | 3.70% | 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).
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