Mid-Term (1 to 6 years) TFSA Rates

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TFSA Interest Rates

Tax-Free Term Deposits/GICs: 1 to 6 years
Financial Institution Redeem-
able
Redeemable
Term
Minimum
Deposit
Term In Years
1 2 3 4 5 6
*Coast Capital Svgs Agt. no   5,000 .8000 1.0000 1.0500 1.2500 1.4500 -
  cashable 90 days 5,000 .1500 - - - - -
*Sun Life Financial Tr. no   5,000 .5500 .5500 .4000 .5000 .5500 -
Achieva Financial no   1,000 1.5000 1.5500 1.5500 1.6000 1.7500 -
Bank of Montreal no   1,000 .4000 .5000 .6000 .7000 .8000 .9000
CIBC no   500 .2000 - - - - -
Canadian Western Bank yes   1,000 .6000 .8000 .9000 1.0000 1.1000 -
Coast Capital Savings no   1,000 .8000 1.0000 .9000 1.0000 1.0500 -
EQ Bank no   100 1.5000 1.0500 1.1500 1.2500 1.5000 1.6000
Empire Life yes   500 .2500 .2500 .3500 .6500 .9500 .8000
Equitable Life yes   500 .3500 .7000 .8000 .8500 1.1000 1.3000
FirstOntario Credit Un. no   500 .8500 1.1500 1.3000 1.3500 1.4500 -
Home Bank no   5,000 .7500 .9700 1.1900 1.3600 1.5800 -
Home Trust no   5,000 .7500 .9700 1.1900 1.3600 1.5800 -
Hubert Financial no   1,000 1.3000 1.4000 1.5000 1.6000 1.7000 -
Industrial Alliance yes   1,000 .4500 .8500 1.0000 .5500 .7000 -
Kindred Credit Union no   500 .9000 1.0000 1.1000 1.2000 1.3000 -
Libro Credit Union no   0 .8000 .9500 1.1000 1.2000 1.3000 -
Manulife Bank no   2,500 .7500 .9000 1.1000 1.2000 1.4000 -
Manulife Investments yes   2,500 .4500 .5500 .6500 .6500 .8000 .8000
Meridian Credit Union no   500 .8500 1.1500 1.3000 1.3500 1.4500 -
  yes   500 .1000 .4000 .5500 .6000 .7000 -
Motive Financial yes   1,000 1.4000 1.6000 1.6500 1.7500 1.9000 -
Oaken Financial no   1,000 1.4000 1.5000 1.6000 1.7000 1.8000 -
Outlook Financial no   1,000 1.1500 1.2500 1.3500 1.4500 1.6000 -
Parama Credit Union no   0 1.2500 1.3500 1.4500 1.5500 1.6500 -
Peoples Trust no   1,000 1.5500 1.6000 1.6000 1.6500 1.8000 -
Royal Bank of Canada no   500 .1500 .4000 .5000 .7500 .9500 -
SBI Canada Bank yes   1,000 .8000 1.0000 1.1000 1.2500 1.4500 -
Shinhan Bank Canada no   0 .7000 .6600 .7600 .8600 1.5600 -
T-D Mortgage no   1,000 .4000 .5000 .6000 .7000 .8500 -
Tangerine no   1 .6500 .7500 .8000 1.0000 1.1000 -
VersaBank no   1,000 .5600 .7100 1.1600 1.3200 1.4600 -
Interest compounded annually 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. These investments are registered for tax purposes as a TFSA (Tax-Free Savings Account).

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