3.90%
1 year
N/A
CA$1,000
Pathwise Credit Union stands out as the top choice because it offers the highest promotional rate of 3.90% for registered accounts, making it an attractive option for savers looking to maximize their returns.
Pros:
- High promotional rate
- Flexible account types
Cons:
- Minimum deposit required
3.65%
1 year
N/A
CA$2,500
What sets this provider apart is its consistent offering of a 3.65% rate, which is among the best in the market for 1-year GICs, ensuring a reliable return for investors.
Pros:
- Competitive rate
- CDIC insured
Cons:
- Higher minimum deposit
3.15%
1 year
N/A
CA$0
Tangerine Bank shines for its accessibility, allowing customers to start investing with no minimum deposit, making it an ideal choice for new investors or those looking to start small.
Pros:
- No minimum deposit
- Daily interest calculation
Cons:
- Lower rate compared to top competitors
2.90%
1 year
N/A
CA$1,000
A key differentiator is ICICI Bank's focus on providing a solid 2.90% rate for its 1-year GIC, appealing to those who prioritize stability and security in their investments.
Pros:
- Competitive rate
- Flexible term options
Cons:
- Minimum deposit required
2.45%
1 year
2.70% promotional rate
CA$500
RBC Royal Bank offers a comprehensive range of GIC products, with a promotional rate of 2.70% for its 1-year Non-Redeemable GIC, making it a reliable choice for those seeking a well-known institution.
Pros:
- Established bank
- Multiple GIC options
Cons:
- Lower base rate
2.70%
1 year
N/A
CA$500
TD Canada Trust offers a competitive 2.70% rate for its 1-year GICs, appealing to customers who value a wide range of investment options and the security of a major bank.
Pros:
- Variety of GIC options
- Established bank
Cons:
- Minimum deposit required
2.45%
1 year
N/A
CA$500
Scotiabank offers a solid 2.45% rate for its 1-year GIC, making it a dependable choice for investors looking for a trusted bank with a variety of investment products.
Pros:
- Established institution
- Flexible investment options
Cons:
- Lower rate compared to competitors
Did you know?
One-year GIC rates fit near-term savings goals. Compare issuers, CDIC membership, and redemption rules on this list.
Final Words
As you consider your investment options this July 2026, the best 1-year GIC providers in Canada, including Pathwise Credit Union, EQ Bank, and others, offer competitive rates that can help you maximize your returns. Be sure to compare the rates and terms from various institutions to find the best fit for your financial goals.
Frequently Asked Questions
The best 1-year GIC rate available in Canada as of July 2026 is 3.90%, offered by Pathwise Credit Union.
The minimum deposit required for Pathwise Credit Union's 1-year GIC is CA$1,000.
The interest rate for MCAN (Manulife Credit Union) 1-year GIC is 3.65%.
No, Tangerine Bank requires a minimum deposit of CA$0 for their 1-year GIC.
When choosing a GIC provider, consider the interest rate, minimum deposit requirements, terms offered, and the provider’s reputation or stability.
Yes, GICs offered by federally regulated banks and credit unions are typically insured by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.
Generally, you cannot withdraw your money before the GIC term ends without incurring penalties, as GICs are fixed-term investments.
The interest on GICs can be paid out at maturity, periodically during the term, or reinvested, depending on the terms set by the provider.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| WealthONE | 4.10% | 5 years | CA$1,000 | Learn more |
| WealthONE Bank of Canada | 4.10% | 4 years | CA$1,000 | Learn more |
| Achieva Financial | 4.05% | 5 years | CA$1,000 | Learn more |
| Oaken Financial | 4.05% | 5 years | CA$1,000 | Learn more |
| Saven Financial | 4.05% | 5 years | CA$1,000 | Learn more |
| MCAN Wealth | 4.05% | 5 years | CA$1,000 | Learn more |
| EQ Bank | 4.00% | 5 years | CA$100 | Learn more |
| Pathwise Credit Union | 3.90% | 1 year | CA$1,000 | Learn more |
| ICICI Bank Canada | 3.70% | 5 years | CA$1,000 | Learn more |
| MCAN (Manulife Credit Union) | 3.65% | 1 year | CA$2,500 | Learn more |
| Simplii Financial | 3.20% | 4 years | CA$100 | Learn more |
| Tangerine Bank | 3.15% | 1 year | CA$0 | Learn more |
| TD Canada Trust | 3.10% | 5 years | CA$500 | Learn more |
| BMO Canada | 3.10% | 5 years | CA$1,000 | Learn more |
| RBC Royal Bank | 2.75% | 5 years | CA$1,000 | Learn more |
| Scotiabank Canada | 2.45% | 1 year | CA$500 | Learn more |
