Best GIC Rates this August 2026 in Canada

What sets WealthONE apart is its competitive GIC rates, with a 5-year term offering 4.10%. This provider ensures that your investment is protected under CDIC insurance, making it a reliable choice for savers.

WealthONE is a GIC provider that offers a range of investment options to help individuals grow their savings securely.

WealthONE offers various types of Guaranteed Investment Certificates (GICs) including fixed-rate GICs, cashable GICs, and market-linked GICs.

You can open a GIC with WealthONE by visiting their website and completing the online application process or by contacting their customer service for assistance.

The minimum investment amounts for WealthONE GICs vary depending on the specific product, so it's best to check the details on their website or contact customer service.

Yes, WealthONE GICs are insured by the Canada Deposit Insurance Corporation (CDIC) up to the applicable limits.

WealthONE offers GIC terms ranging from 30 days to 5 years, allowing investors to choose a term that suits their financial goals.

Yes, WealthONE offers cashable GIC options that allow you to access your funds before the maturity date, subject to specific terms and conditions.

Oaken Financial shines for its strong GIC offerings, providing a 5-year rate of 4.05% with a minimum deposit of CA$1,000. The added benefit of CDIC insurance gives investors peace of mind regarding their principal.

Oaken Financial is a division of Home Trust Company that offers GICs and high-interest savings accounts.

Oaken Financial offers a variety of GICs including cashable GICs, non-redeemable GICs, and registered GICs.

Yes, Oaken Financial GICs are insured by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

The minimum investment amount for Oaken Financial GICs is typically $1,000.

You can open a GIC with Oaken Financial online through their website or by contacting their customer service.

Interest rates for Oaken Financial GICs vary based on the term and type of GIC. Please check their website for the most current rates.

Yes, you can manage your Oaken Financial GIC account online through their secure online banking platform.

A key differentiator for EQ Bank is its ultra-low minimum deposit of CA$100, making it accessible for a wider range of investors. With a competitive rate of 4.00% for a 5-year term, it offers a solid option for those looking to grow their savings.

EQ Bank offers competitive interest rates on their GICs, which can vary based on the term length.

EQ Bank provides various term options for GICs, typically ranging from 3 months to 5 years.

Yes, the minimum investment amount for GICs at EQ Bank is usually set at $1,000.

Yes, deposits in EQ Bank GICs are insured by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

Generally, GICs are not redeemable before maturity; however, some exceptions may apply depending on the specific product.

Interest on EQ Bank GICs is typically paid at maturity, although some options may allow for annual interest payments.

At the end of the GIC term, the principal and interest will be automatically renewed unless you instruct otherwise.

Tangerine offers a unique advantage with no minimum deposit required, allowing investors to start with any amount. While their 5-year rate is 3.65%, they also feature promotional offers that can enhance returns on eligible investments.

A Guaranteed Investment Certificate (GIC) is a type of investment that offers a guaranteed return over a fixed period of time.

Tangerine's GICs allow you to invest your money for a set term, and in return, you receive a guaranteed interest rate.

Tangerine offers various terms for GICs, typically ranging from 30 days to 5 years.

Yes, the minimum investment amount for Tangerine's GIC is usually $1,000.

Yes, Tangerine strives to offer competitive interest rates on their GICs compared to other financial institutions.

Generally, GICs are not redeemable before maturity without incurring penalties, but specific terms may vary.

Yes, investments in Tangerine's GICs are insured by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

TD Canada Trust provides a reliable option for GIC investments, though its rates are generally lower than some competitors, with a 5-year rate of 2.90%. The institution's established reputation and variety of GIC options make it a solid choice for conservative investors.

A Guaranteed Investment Certificate (GIC) is a type of investment that offers a guaranteed return over a fixed period of time.

When you invest in a GIC with TD Canada Trust, you agree to leave your money invested for a set term in exchange for a guaranteed interest rate.

TD Canada Trust offers a variety of terms for GICs, ranging from 30 days to 5 years.

Yes, GICs issued by TD Canada Trust are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.

Generally, GICs are not redeemable before maturity without incurring a penalty, but some flexible options may be available.

Interest rates on GICs at TD Canada Trust vary based on the term and the current market conditions.

You can purchase a GIC from TD Canada Trust online, through their mobile app, or by visiting a branch.