4.05%
5 years
N/A
CA$1,000
Achieva Financial stands out as the top choice because it offers some of the highest GIC rates in Canada, with flexible terms ranging from 1 to 5 years. Their commitment to customer service and straightforward online account management further enhances their appeal.
Pros:
- Flexible terms
- High interest rates
Cons:
- Minimum deposit required
4.05%
5 years
N/A
CA$1,000
What sets MCAN Wealth apart is its strong backing by the Canada Deposit Insurance Corporation (CDIC), ensuring that your investment is secure. Their competitive rates for both short and long-term GICs make them a solid choice for risk-averse investors.
Pros:
- CDIC insurance
- Competitive rates
Cons:
- Higher minimum deposit through brokers
3.90%
3 years
N/A
CA$1,000
Oaken Financial shines for its straightforward approach to GICs, offering high rates with no hidden fees. Their range of terms from 30 days to 5 years allows investors to choose options that best fit their financial goals.
Pros:
- High rates
- No fees
Cons:
- Limited promotional offers
4.00%
5 years
N/A
CA$100
EQ Bank offers a unique advantage with its low minimum deposit requirement of just CA$100, making it accessible for a wider range of investors. Their competitive rates for GICs up to 10 years provide flexibility for long-term savings.
Pros:
- Low minimum deposit
- Competitive rates
Cons:
- Limited term options
4.00%
5 years
Up to 3% bonus on eligible investments
CA$0
Tangerine offers a compelling mix of no minimum deposit requirements and promotional bonuses, making it an attractive option for new investors. Their competitive rates for GICs, combined with flexible terms, cater to a variety of savings strategies.
Pros:
- No minimum deposit
- Promotional offers
Cons:
- Higher rates may require specific accounts
6.RBC GICs
2.75%
5 years
3.90% on a 1-year U.S. Dollar Term Deposit
CA$1,000
RBC offers a wide range of GIC products, backed by the reliability of a major financial institution. Their promotional rates, particularly on U.S. Dollar Term Deposits, provide unique opportunities for investors looking to diversify their portfolios.
Pros:
- Established institution
- Variety of GIC options
Cons:
- Higher minimum deposit
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 explore the best GIC options in Canada this September 2026, consider leading providers like Achieva Financial, EQ Bank, Tangerine, and Oaken Financial, each offering competitive rates and flexible terms. Remember to compare interest rates and terms to find the GIC that best suits your financial goals.
Frequently Asked Questions
Achieva Financial offers a GIC rate of 4.05% for a 5-year term.
The minimum deposit for a Guaranteed Investment Certificate (GIC) at MCAN Wealth is CA$1,000.
Oaken Financial offers a GIC rate of 3.90% for a 3-year term.
GICs offer a guaranteed return on investment, are low-risk, and provide predictable income over the term of the investment.
As of September 2026, Achieva Financial and MCAN Wealth both offer competitive rates of 4.05% for a 5-year term, while Oaken Financial offers a slightly lower rate of 3.90% for a 3-year term.
Typically, GICs have a fixed term and do not allow for early withdrawal without incurring penalties. It's important to review the specific terms and conditions of your GIC.
Consider the interest rates, minimum deposit requirements, term lengths, and the provider's reputation and insurance coverage for deposits.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
