Best 6 Month GIC Rates this September 2026

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 solid 2.75% rate.

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

EQ Bank provides a variety of term lengths for GICs, typically ranging from 3 months to 5 years.

Yes, EQ Bank GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC), up to $100,000 per depositor.

Generally, GICs are locked in for the term length, and early withdrawals may result in penalties or loss of interest.

You can open a GIC with EQ Bank online through their website by creating an account and selecting your desired GIC product.

Yes, EQ Bank typically requires a minimum investment amount to open a GIC, which is usually $1,000.

At the end of the GIC term, you can choose to have your principal and interest paid out, or you may have the option to reinvest in another GIC.

Tangerine shines for its incredibly low minimum deposit of just CA$10, making it an excellent choice for new investors looking to start with minimal risk while earning a competitive rate.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

Tangerine's GIC allows you to invest a lump sum for a set term, earning a fixed interest rate for the duration of the investment.

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

Yes, the minimum investment amount for Tangerine GICs is usually $1,000.

Yes, Tangerine offers competitive interest rates for their GICs compared to traditional banks.

Generally, GICs are not redeemable before the term ends without incurring penalties.

Yes, investments in Tangerine GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC), up to certain limits.

CIBC offers a reliable option for investors, though it earns a lower rate of 2.50% compared to competitors. Its established reputation and range of GIC products make it a solid choice.

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

CIBC's GIC allows you to invest a lump sum for a specified term, earning interest that is guaranteed for the duration of the investment.

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

Yes, CIBC GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC), providing protection up to $100,000.

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

Interest rates on CIBC GICs vary based on the term and market conditions; it's best to check CIBC's website for the most current rates.

You can purchase a GIC from CIBC through online banking, by visiting a branch, or by contacting their customer service.

RBC provides a familiar banking experience, but its 2.40% rate is the lowest among the options listed. This may deter some investors looking for higher returns.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

RBC's GIC allows you to invest a lump sum for a set term, during which your principal is protected and you earn interest.

RBC offers a variety of terms ranging from 30 days to 5 years, allowing you to choose the duration that fits your investment strategy.

Generally, GICs are locked in until maturity. However, RBC may offer cashable GICs that allow for early withdrawal under certain conditions.

The minimum investment amount for RBC GICs typically starts at $500, but this may vary depending on the specific product.

RBC GICs typically offer fixed interest rates, ensuring that your return is guaranteed for the duration of the investment.

Yes, investments in RBC GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.

Scotiabank's GIC offering is competitive in terms of variety, but its 2.30% rate and high minimum deposit of CA$5,000 may limit accessibility for some investors.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

Scotiabank's GIC allows you to invest a lump sum for a set term, and in return, you receive a guaranteed interest rate.

Scotiabank offers a variety of terms for GICs, typically ranging from 30 days to 5 years.

Yes, GICs issued by Scotiabank are insured by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.

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

The minimum investment amount for a Scotiabank GIC is typically $500.

Interest on Scotiabank GICs can be paid out monthly, annually, or at maturity, depending on the type of GIC you choose.