3.60%
1 year
N/A
CA$1,000
Achieva Financial stands out as the top choice because it offers a competitive 1-year GIC rate of 3.60%, which is consistently among the best in Canada. With a minimum deposit of $1,000, this provider ensures that your investment is secure and fully guaranteed.
Pros:
- Among the highest GIC rates in Canada
- Fully guaranteed by the Deposit Guarantee Corporation of Manitoba
Cons:
- Minimum deposit required
- Non-redeemable prior to maturity
3.65%
1 year
N/A
CA$1,000
What sets WealthONE apart is its competitive 1-year GIC rate of 3.65%, making it a strong contender in the market. This provider is recognized for its reliable service and commitment to customer satisfaction.
Pros:
- Top-tier GIC rates
- Flexible investment options
Cons:
- Non-redeemable terms
- Minimum deposit required
3.45%
1 year
N/A
CA$1,000
The standout feature here is Hubert Financial's unique 1-year quarterly term deposit, which allows for early redemption every three months. With a competitive rate of 3.45%, this option provides flexibility for savers.
Pros:
- Flexible redemption options
- 100% guaranteed by the Deposit Guarantee Corporation of Manitoba
Cons:
- Average rate compared to top competitors
- Minimum deposit required
3.55%
1 year
N/A
CA$1,000
Saven Financial shines for its competitive 1-year GIC rate of 3.55%, appealing to both registered and non-registered account holders. This provider is known for its commitment to secure, guaranteed growth.
Pros:
- Consistent high rates
- Available for various account types
Cons:
- Non-redeemable
- Minimum deposit required
3.40%
1 year
N/A
CA$1,000
Lighthouse Credit Union offers a secure 1-year GIC at a rate of 3.40%, making it a solid choice for conservative investors. This provider focuses on serving the Jewish community, ensuring a personalized banking experience.
Pros:
- Low-risk investment
- Serves the Jewish community
Cons:
- Lower rate compared to competitors
- Minimum deposit required
6.EQ Bank
3.20%
1 year
N/A
CA$100
EQ Bank stands out for its low minimum deposit requirement of just $100, making it accessible for new investors. With a 1-year GIC rate of 3.20%, this provider offers a secure option for those looking to grow their savings.
Pros:
- Low minimum deposit
- Eligible for CDIC protection
Cons:
- Lower rate compared to top competitors
- Non-redeemable
Final Words
As you explore the best 1-year GIC rates in Canada this April 2026, providers like Achieva Financial, EQ Bank, and Hubert Financial stand out with competitive offerings. Be sure to compare rates, terms, and features across these institutions to find the investment that best aligns with your financial goals.
Frequently Asked Questions
The best 1-year GIC rates in Canada for April 2026 include WealthONE at 3.65%, Achieva Financial at 3.60%, and Hubert Financial at 3.45%.
For all the top GIC providers, including WealthONE, Achieva Financial, and Hubert Financial, the minimum deposit required for their 1-year GICs is CA$1,000.
WealthONE offers an interest rate of 3.65% for their 1-year GIC.
Guaranteed Investment Certificates (GICs) are secure investment options where you deposit a lump sum of money for a fixed term at a guaranteed interest rate.
Typically, you cannot withdraw funds from a GIC before the term ends without incurring penalties, as they are designed for the investor to lock in their money for the duration of the term.
At maturity, you can either withdraw your principal and interest or reinvest the amount in another GIC or investment vehicle.
Yes, GICs are typically insured by the Canada Deposit Insurance Corporation (CDIC) for eligible deposits, providing added security for your investment.
Yes, GICs generally offer higher interest rates compared to regular savings accounts, as they require you to lock in your funds for a specified term.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| National Bank of Canada | 3.97% | 5 years | CA$500 | Learn more |
| Achieva Financial | 3.85% | 5 years | CA$1,000 | Learn more |
| EQ Bank | 3.85% | 5 years | CA$100 | Learn more |
| WealthONE | 3.80% | 5 years | CA$1,000 | Learn more |
| Saven Financial | 3.80% | 5 years | CA$1,000 | Learn more |
| MCAN Wealth | 3.80% | 5 years | CA$1,000 | Learn more |
| Oaken Financial | 3.75% | 29 months | CA$1,000 | Learn more |
| Hubert Financial | 3.70% | 5 years | CA$1,000 | Learn more |
| Lighthouse Credit Union | 3.60% | 5 years | — | Learn more |
| LBC Digital | 2.50% | 6 months | CA$100 | Learn more |
