Best GIC Rates in Canada as of
Registered Short-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 30 Days | 60 Days | 90 Days | 120 Days | 180 Days |
|---|---|---|---|---|---|
| Bank of Nova Scotia | 2.0000 | 2.0000 | 2.2000 | 2.2000 | 2.3000 |
| Bk Nova Scotia Mtg. Corp | 2.0000 | 2.0000 | 2.2000 | 2.2000 | 2.3000 |
| CIBC | - | .0500 | .0500 | .0500 | .1000 |
| Coast Capital Savings | 1.8000 | 1.8000 | 2.1500 | 2.1500 | 2.2500 |
| Desjardins - Caisses | 1.7000 | 1.7000 | 1.9000 | 1.9000 | 2.2000 |
| Empire Life | 1.2000 | - | 1.2000 | - | 1.2000 |
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Registered Long-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| Achieva Financial | 3.7000 | 4.0500 | 3.9000 | 4.0000 | 4.3000 |
| BMO Bank of Montreal | 3.0000 | 3.2000 | 3.3000 | 3.3500 | 3.5500 |
| Bank of Nova Scotia | 2.4500 | 2.5000 | 2.6000 | 2.7000 | 2.7500 |
| Bk Nova Scotia Mtg. Corp | 2.4500 | 2.5000 | 2.6000 | 2.7000 | 2.7500 |
| CIBC | 2.0000 | 2.0000 | 2.1000 | 2.2000 | 2.2000 |
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Non-Registered Short-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 30 Days | 60 Days | 90 Days | 120 Days | 180 Days |
|---|---|---|---|---|---|
| Alterna Savings | - | - | .9500 | - | - |
| BMO Bank of Montreal | 1.7500 | 1.7500 | 1.7500 | 1.7500 | 2.0000 |
| Bank of Montreal | 1.7500 | 1.7500 | 1.7500 | 1.7500 | 2.0500 |
| Bank of Nova Scotia | 2.0000 | 2.0000 | 2.2000 | 2.2000 | 2.3000 |
| Bk Nova Scotia Mtg. Corp | 2.0000 | 2.0000 | 2.2000 | 2.2000 | 2.3000 |
| Bridgewater Bank | - | 1.9400 | 1.9500 | 2.1900 | 2.4400 |
| CIBC | - | .0500 | .0500 | .0500 | .1000 |
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Non-Registered Long-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| Achieva Financial | 3.7000 | 4.0500 | 3.9000 | 4.0000 | 4.3000 |
| Alterna Bank | 2.6500 | 2.8500 | 3.1000 | 3.2500 | 3.3000 |
| Alterna Savings | 2.6500 | 2.8500 | 3.1000 | 3.2500 | 3.3000 |
| Bank of Montreal | 3.0000 | 3.2000 | 3.3000 | 3.3500 | 3.5500 |
| Bank of Nova Scotia | 2.4500 | 2.5000 | 2.6000 | 2.7000 | 2.7500 |
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TFSA Short-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 30 Days | 60 Days | 90 Days | 120 Days | 180 Days |
|---|---|---|---|---|---|
| Bank of Montreal | 1.7500 | 1.7500 | 1.7500 | 1.7500 | 2.0500 |
| Coast Capital Savings | 1.8000 | 1.8000 | 2.1500 | 2.1500 | 2.2500 |
| Empire Life | 1.2000 | - | 1.2000 | - | 1.2000 |
| Laurentian Bank Canada | - | - | 1.7500 | 1.7500 | 2.5000 |
| Luminus Financial | 1.7000 | 1.7500 | 1.8000 | 1.8000 | 2.1000 |
| Royal Bank of Canada | 2.3500 | 2.3500 | 2.4000 | 2.4000 | 2.4000 |
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TFSA Long-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| Achieva Financial | 3.7000 | 4.0500 | 3.9000 | 4.0000 | 4.3000 |
| Bank of Montreal | 3.0000 | 3.2000 | 3.3000 | 3.3500 | 3.5500 |
| CIBC | 2.0000 | - | - | - | - |
| Coast Capital Savings | 2.9000 | 3.5000 | 3.5000 | 3.6000 | 3.8000 |
| EQ Bank | 3.0000 | 3.1500 | 3.3000 | 3.4000 | 3.4500 |
| Empire Life | 2.4500 | 2.8500 | 3.1000 | 3.3000 | 3.8000 |
| Equitable | 3.0500 | 3.2500 | 3.5000 | 3.7000 | 4.2000 |
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USD Short-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 30 Days | 60 Days | 90 Days | 120 Days | 180 Days |
|---|---|---|---|---|---|
| Alterna Savings | .0500 | .1000 | .1500 | .2000 | .2500 |
| BMO Bank of Montreal | 2.7000 | 2.7500 | 2.8000 | 2.8500 | 2.9000 |
| Bank of Nova Scotia | 2.8500 | 3.0000 | 3.1000 | 3.1000 | 3.5500 |
| CIBC | 2.8000 | 2.8500 | 2.9000 | 2.9500 | 3.1000 |
| Desjardins - Caisses | 1.2500 | 1.5000 | 1.7500 | 2.0000 | 3.1000 |
| Equitable Bank | .0500 | 1.0000 | 2.9500 | 3.0000 | 3.1500 |
| Equitable Trust | .0500 | 1.0000 | 2.9500 | 3.0000 | 3.1500 |
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USD Long-Term GIC Rates (Summary)
Updated October 6, 2026
| Institution | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| Alterna Savings | .3500 | .4000 | .4500 | .5000 | .5500 |
| BMO Bank of Montreal | 4.0000 | 3.9500 | 4.0000 | 4.0500 | 4.1000 |
| Bank of Nova Scotia | 4.0000 | 3.7000 | 3.6500 | 3.6500 | 3.5000 |
| Desjardins - Caisses | 3.9500 | 3.9500 | 4.0000 | 4.0500 | 4.1000 |
| Equitable Bank | 4.1000 | 3.9500 | 3.9500 | 4.0000 | 4.0500 |
| Equitable Trust | 4.1000 | 3.9500 | 3.9500 | 4.0000 | 4.0500 |
View All: USD Long-Term GIC Rates View All GIC Rates
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Interest not compounded and paid at maturity.
Term deposits are investment products that offer a guaranteed rate of return for a pre-defined time period. The applicable interest rate varies according to the term of investment, the amount of money invested, the treatment of interest and whether or not the investment is redeemed prior to maturity. Term deposits are also known as GICs (Guaranteed Investment Certificates), or Accumulation Annuities when issued by an insurance company. |
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Prepared by CANNEX on October 6, 2026 at 07:33:48 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2026 CANNEX Financial Exchanges Limited. All rights reserved. |
