2.75%
6 months
N/A
CA$1,000
Saven Financial stands out as the top choice because it offers a competitive 2.75% interest rate on its 6-month GIC, making it an attractive option for those looking to secure their savings in a short-term investment.
Pros:
- Guaranteed returns
- Available for registered accounts
Cons:
- Non-redeemable
- Minimum deposit required
2.EQ Bank
2.75%
6 months
N/A
CA$100
What sets EQ Bank apart is its low minimum deposit requirement of just CA$100, making it accessible for a wider range of investors while still offering a competitive 2.75% interest rate on its 6-month GIC.
Pros:
- Low minimum deposit
- Highly rated for short-term GICs
Cons:
- Non-redeemable
- Funds locked until maturity
3.20%
6 months
N/A
CA$1,000
Hubert Financial provides a unique offering with its 1-year quarterly term deposit that functions similarly to a 6-month product, allowing for redemptions after six months while offering a competitive rate of 3.20%.
Pros:
- Flexible redemption options
- Competitive rates
Cons:
- Not a traditional 6-month product
- Higher minimum deposit
2.25%
6 months
N/A
CA$1,000
Oaken Financial stands out for its competitive 6-month GIC rate of 2.25%, providing a secure investment option backed by CDIC insurance, although it requires a minimum deposit of CA$1,000.
Pros:
- High-interest rates
- CDIC insured
Cons:
- Non-redeemable
- Higher minimum deposit
Final Words
In conclusion, as you explore the best 6-month GIC rates in Canada this March 2026, consider top providers like Saven Financial, EQ Bank, Tangerine, and Oaken Financial, all offering competitive rates. Remember, comparing these options can help you maximize your returns and find the best fit for your financial goals.
Frequently Asked Questions
As of March 2026, two of the best 6-month GIC rates in Canada are offered by Saven Financial and EQ Bank, both at an interest rate of 2.75%.
The minimum deposit required for Saven Financial's 6-month GIC is CA$1,000.
The minimum deposit required for EQ Bank's 6-month GIC is CA$100.
The providers that offer 6-month GICs include Saven Financial, EQ Bank, and Lighthouse Credit Union.
A GIC (guaranteed investment certificate) is a type of savings investment where the money you deposit grows over time at a fixed interest rate, typically over a specified term.
Yes, GICs are considered a safe investment option as they provide guaranteed returns and are typically insured by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.
Generally, GICs are non-redeemable for the term duration, meaning you cannot withdraw your funds before the term ends without incurring penalties.
The benefits of investing in a GIC include guaranteed returns, predictable income, and lower risk compared to other investment options.
Compare GIC Rates
Summary of all rates from our GIC rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Achieva Financial | 3.85% | 5 years | CA$1,000 | Learn more |
| Saven Financial | 3.80% | 5 years | CA$1,000 | Learn more |
| MCAN Wealth | 3.80% | 5 years | CA$1,000 | Learn more |
| Oaken Financial | 3.80% | 5 years | CA$1,000 | Learn more |
| EQ Bank | 3.75% | 5 years | CA$100 | Learn more |
| WealthONE Bank of Canada | 3.65% | 1 year | CA$1,000 | Learn more |
| Meridian Credit Union | 3.60% | 5 years | CA$100 | Learn more |
| LBC Digital | 3.55% | 5 years | CA$100 | Learn more |
| Hubert Financial | 3.45% | 1 year | CA$1,000 | Learn more |
