ICICI Bank Canada 2026 Review

Mat C.
Written by Mat C.
Managing Editor & Senior Developer
Mika L.
Edited by Mika L.
Financial Content & Editor

ICICI Bank Canada4.6/5

Interest Rate
2.45%
Term
6 months
Minimum Deposit
CA$1,000
Promotion
N/A
Apply Now →on ICICI Bank Canada's website

ICICI Bank Canada shines for its dual currency options, offering a 6-month GIC rate of 2.45% for CAD deposits and an impressive 3.95% for USD deposits. This flexibility allows investors to choose based on their currency preferences while maintaining a minimum deposit of CA$1,000.

Pros:

  • Offers USD GIC options
  • Competitive rates for CAD and USD

Cons:

  • Higher minimum deposit
  • No current promotions

Overall, ICICI Bank Canada's GIC is an excellent choice for investors seeking short-term savings with competitive rates in both CAD and USD. It is particularly well-suited for those who value currency flexibility and are comfortable with a minimum deposit of CA$1,000.

Frequently Asked Questions

Compare GIC Rates

Summary of all rates from our gic rate pages. Click column headers to sort.

Provider ↕Rate ↓Term ↕Min Deposit
WealthONE4.10%5 yearsCA$1,000Learn more
WealthONE Bank of Canada4.10%4 yearsCA$1,000Learn more
Achieva Financial4.05%5 yearsCA$1,000Learn more
Oaken Financial4.05%5 yearsCA$1,000Learn more
Saven Financial4.05%5 yearsCA$1,000Learn more
MCAN Wealth4.05%5 yearsCA$1,000Learn more
EQ Bank4.00%5 yearsCA$100Learn more
Pathwise Credit Union3.90%1 yearCA$1,000Learn more
ICICI Bank Canada3.70%5 yearsCA$1,000Learn more
MCAN (Manulife Credit Union)3.65%1 yearCA$2,500Learn more
Simplii Financial3.20%4 yearsCA$100Learn more
Tangerine Bank3.15%1 yearCA$0Learn more
TD Canada Trust3.10%5 yearsCA$500Learn more
BMO Canada3.10%5 yearsCA$1,000Learn more
RBC Royal Bank2.75%5 yearsCA$1,000Learn more
Scotiabank Canada2.45%1 yearCA$500Learn more

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