Best TFSA Rates in Canada as of
TFSA Short-Term GIC Rates (Summary)
Updated December 18, 2025
| 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 | 2.2000 | 2.2000 | 2.5000 | 2.5000 | 2.5000 |
| Empire Life | .6500 | - | .6500 | - | .6500 |
| Laurentian Bank Canada | - | - | 2.2000 | 2.2000 | 2.5000 |
| Luminus Financial | 1.3000 | 1.4000 | 1.6000 | 1.6000 | 1.7000 |
| 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 December 18, 2025
| Institution | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| Achieva Financial | 3.4000 | 3.5500 | 3.8000 | 3.7000 | 3.8000 |
| Bank of Montreal | 2.2500 | 2.4000 | 2.5500 | 2.7000 | 3.0000 |
| CIBC | 2.0000 | - | - | - | - |
| Coast Capital Savings | 2.8000 | 3.0000 | 3.1500 | 3.2000 | 3.4000 |
| EQ Bank | 3.0000 | 3.1500 | 3.3000 | 3.4000 | 3.4500 |
| Empire Life | 1.9000 | 2.2000 | 2.4500 | 2.6500 | 3.2000 |
| Equitable | 2.6000 | 2.8500 | 2.9000 | 2.9500 | 3.4500 |
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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. |