Best GIC Rates in Canada as of July 23, 2025

Institution	1 Year	2 Years	3 Years	4 Years	5 Years
Alterna Savings	.3500	.4000	.4500	.5000	.5500
BMO Bank of Montreal	3.7500	3.7500	3.7500	3.7500	3.7500
Bank of Nova Scotia	4.0000	3.7000	3.6500	3.6500	3.5000
Desjardins - Caisses	3.4500	3.2000	3.1500	3.2000	3.2500
Equitable Bank	4.5500	4.3000	4.2500	4.2500	4.2500
Equitable Trust	4.5500	4.3000	4.2500	4.2500	4.2500

View All: USD Long-Term GIC Rates

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 July 23, 2025 at 07:30:15 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2025 CANNEX Financial Exchanges Limited. All rights reserved.