3.85%
5 years
N/A
CA$1,000
Achieva Financial stands out as the top choice because it offers consistently high everyday rates across various GIC terms without the need for promotional codes. Their commitment to maintaining competitive rates makes them a reliable option for savers.
Pros:
- Leading standard rates
- No special promotional codes required
Cons:
- Minimum deposit required
4.05%
5 years
N/A
CA$1,000
What sets WealthONE Bank apart is their offering of a special 18-month term alongside competitive rates that can reach up to 4.05%. This flexibility makes them an attractive option for those looking for shorter commitments.
Pros:
- Competitive rates
- Special 18-month term available
Cons:
- Non-redeemable terms
4.00%
5 years
N/A
CA$100
EQ Bank shines for its low minimum deposit requirement of just CA$100, making it accessible for a wider range of investors. Their competitive rates and variety of term options cater to different savings goals.
Pros:
- Low minimum deposit
- Wide range of terms
Cons:
- Non-redeemable GICs
4.00%
5 years
N/A
CA$1,000
MCAN Wealth offers a secure investment option with CDIC insurance, ensuring peace of mind for investors. Their competitive rates for longer terms make them a solid choice for those looking to grow their savings.
Pros:
- CDIC-insured
- Competitive standard rates
Cons:
- Minimum deposit required
3.35%
2 years
N/A
CA$500
Scotiabank provides a diverse range of GIC options with terms from 30 days to 10 years, catering to various investment needs. Their premium banking bundles offer enhanced rates, making them a versatile choice for customers.
Pros:
- Variety of terms
- Access to premium rates with bundles
Cons:
- Higher minimum deposit compared to others
3.10%
2 years
N/A
CA$500
RBC Royal Bank offers a comprehensive selection of GICs, including interest-linked options that allow for potential growth alongside market rates. Their flexibility in terms and payment options makes them a strong contender in the GIC market.
Pros:
- Wide range of GIC types
- Flexible interest payment options
Cons:
- Higher minimum deposit for some options
Did you know?
A Canadian GIC may be cashable, non-redeemable, or market-linked. Match the product type to whether you need access before maturity.
Final Words
In conclusion, as you seek the best GIC options this June 2026, consider top providers like Achieva Financial, EQ Bank, Oaken Financial, and Canadian Western Bank, each offering competitive rates and terms. Remember to compare these offerings to find the GIC that best suits your financial goals and investment horizon.
Frequently Asked Questions
The interest rate for Achieva Financial GIC in June 2026 is 3.85%.
The minimum deposit required for Achieva Financial GIC is CA$1,000.
WealthONE Bank of Canada GIC offers a term of 5 years.
The interest rate for WealthONE Bank of Canada GIC is 4.05%.
The minimum deposit required for EQ Bank GIC is CA$100.
When choosing a GIC provider, consider the interest rates, term lengths, minimum deposit requirements, and whether the GIC is redeemable or non-redeemable.
Yes, in Canada, GICs are typically insured by the Canada Deposit Insurance Corporation (CDIC) for up to CA$100,000 per depositor, per institution.
Generally, GICs are non-redeemable, meaning you cannot withdraw your money before the maturity date without incurring penalties. However, some GICs are redeemable, which allow for earlier access.
Compare GIC Rates
Summary of all rates from our gic rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| WealthONE Bank of Canada | 4.05% | 5 years | CA$1,000 | Learn more |
| EQ Bank | 4.00% | 5 years | CA$100 | Learn more |
| Scotiabank | 4.00% | 1 year | CA$500 | Learn more |
| MCAN Wealth | 4.00% | 5 years | CA$1,000 | Learn more |
| Achieva Financial | 3.85% | 5 years | CA$1,000 | Learn more |
| Tangerine | 3.75% | 5 years | CA$0 | Learn more |
| Hubert Financial | 3.45% | 1 year | CA$1,000 | Learn more |
| RBC Royal Bank | 3.10% | 2 years | CA$500 | Learn more |
| CIBC | 2.50% | 6 months | CA$1,000 | Learn more |
| TD Canada Trust | 2.05% | 6 months | CA$5,000 | Learn more |
