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    Personal Banking in Canada

    Est 1817 and with 900 branches nationwide BMO provides individuals with Chequing, Savings, GiC, RRSP and RESP products.Learn More

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    International Banking in Canada

    HSBC Canada is part of the HSBC global Bank network with international service standards for expats and for those moving to the country since 1981 Find Out More

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    Private Wealth Banking in Canada

    BMO Harris Private Banking provides enhanced banking services and concierge services for its affluent Canadian and international customers. Learn More

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    Business Banking in Canada

    Est in 1864, RBC provides small business and commercial banking products for investments, credit and financing. Find Out More

Rates

BankAccountTypeInterest rateTerm

Royal Bank of Canada
RBC 10 Year GICFixed2.300%10 Year

BMO Bank of Montreal
BMO 10 Year GICFixed2.30%10 Year

BMO Bank of Montreal
BMO 7 Year GICFixed2.100%7 Year

TD Canada Trust
TD Canada Trust 5 Year GICFixed2.00%5 Year

Royal Bank of Canada
RBC 5 Year GICFixed2.00%5 Year

BMO Bank of Montreal
BMO 5 Year GICFixed1.950%5 Year

Royal Bank of Canada
RBC 4 Year GICFixed1.750%4 Year

Scotiabank
Scotiabank 5 Year GICFixed1.75%5 Year

Royal Bank of Canada
RBC 3 Year GICFixed1.700%3 Year

Royal Bank of Canada
RBC 2 Year GICFixed1.650%2 Year

BMO Bank of Montreal
BMO 4 Year GICFixed1.600%4 Year

TD Canada Trust
TD Canada Trust 4 Year GICFixed1.60%4 Year

Scotiabank
Scotiabank 4 Year GICFixed1.40%4 Year

TD Canada Trust
TD Canada Trust 3 Year GICFixed1.40%3 Year

BMO Bank of Montreal
BMO 3 Year GICFixed1.350%3 Year

ING Direct Canada
ING Direct Canada 1 Year GICgic account1.35%1 year

TD Canada Trust
TD Canada Trust 2 Year GICFixed1.35%2 Year

Royal Bank of Canada
RBC 1 Year GICgic account1.300%1 year

TD Canada Trust
TD Canada Trust 1 Year GICgic account1.30%1 year

Scotiabank
Scotiabank 3 Year GICFixed1.25%3 Year

BMO Bank of Montreal
BMO 2 Year GICFixed1.150%2 Year

Scotiabank
Scotiabank 2 Year GICFixed1.10%2 Year

Royal Bank of Canada
RBC 6 Month GICgic account1.000%6 month

BMO Bank of Montreal
BMO 1 Year GICgic account1.000%1 year

BMO Bank of Montreal
BMO 6 Month GICgic account1.000%6 month

Royal Bank of Canada
RBC 3 Month GICgic account0.900%3 month

BMO Bank of Montreal
BMO 4 Month GICFixed0.900%4 Month

BMO Bank of Montreal
BMO 5 Month GICFixed0.900%5 Month

BMO Bank of Montreal
BMO 3 Month GICgic account0.900%3 month

TD Canada Trust
TD Canada Trust 9 Month GICFixed0.90%9 month

Scotiabank
Scotiabank 1 Year GICgic account0.90%1 year

Desjardins
Desjardins 1 Year Term Savings Accountterm deposit0.90%1 year

HSBC Canada
HSBC Canada 1 Year Term Depositterm deposit0.85%1 year

Scotiabank
Scotiabank 9 Month GICFixed0.85%9 Month

TD Canada Trust
TD Canada Trust 6 Month GICgic account0.85%6 month

CIBC
CIBC 1 Year GICgic account0.800%1 year

Vancouver City Savings Credit Union
Vancity 1 Year Term Depositterm deposit0.80%1 year

TD Canada Trust
TD Canada Trust 4 Month GICFixed0.80%4 month

BMO Bank of Montreal
BMO 2 Month GICFixed0.750%2 Month

Royal Bank of Canada
RBC 2 Month GICFixed0.750%2 Month

Scotiabank
Scotiabank 6 Month GICFixed0.75%6 Month

TD Canada Trust
TD Canada Trust 3 Month GICgic account0.75%3 month

Scotiabank
Scotiabank 5 Month GICFixed0.70%5 Month

TD Canada Trust
TD Canada Trust 1 Year Term Depositterm deposit0.70%1 year

Scotiabank
Scotiabank 4 Month GICFixed0.65%4 Month

National Bank of Canada
National Bank of Canada 1 Year GICgic account0.65%1 year

TD Canada Trust
TD Canada Trust 2 Month GICFixed0.65%2 month

BMO Bank of Montreal
BMO 1 Month GICFixed0.600%1 Month

Scotiabank
Scotiabank 3 Month GICFixed0.60%3 Month

Royal Bank of Canada
RBC 1 Month GICFixed0.60%1 Month

Scotiabank
Scotiabank 2 Month GICFixed0.55%2 Month

TD Canada Trust
TD Canada Trust 1 Month GICFixed0.45%1 month

Scotiabank
Scotiabank 1 Month GICFixed0.15%1 Month

Economy

Compare Bank Deposit Rates in Canada

Canada lies between the Atlantic and Pacific Oceans north of the United States. The Canadian economy ranks 14th in the world with a GDP PPP of more than $1.28 Trillion USD according to the IMF in 2009. Canada has a Federation, parliamentary democracy and constitutional monarchy government. According to CIA.gov its inflation was 2.4% in 2008 and .3% in 2009.

Deposit Insurance for GICs and Savings Accounts

If you only have a single banking provider, please note that the Canada Deposit Insurance Corporation (CDIC), only provides the maximum basic protection for eligible deposits of $100,000 (principal and interest combined) per depositor in each CDIC member institution. Note this includes includes savings accounts, term deposits and GICs.

http://www.cdic.ca/Protecting_Your_Deposits.html (CDIC information)

Highest Account Deposit Interest Rates

Deposit Account Term APY
RBC 10 Year GIC10 Year2.300% Oct, 2014
BMO 10 Year GIC10 Year2.30% Oct, 2014
BMO 7 Year GIC7 Year2.100% Oct, 2014
TD Canada Trust 5 Year GIC5 Year2.00% Oct, 2014
RBC 5 Year GIC5 Year2.00% Oct, 2014
BMO 5 Year GIC5 Year1.950% Oct, 2014
Scotiabank 5 Year GIC5 Year1.75% Oct, 2014
RBC 4 Year GIC4 Year1.750% Oct, 2014
RBC 3 Year GIC3 Year1.700% Oct, 2014
RBC 2 Year GIC2 Year1.650% Oct, 2014
TD Canada Trust 4 Year GIC4 Year1.60% Oct, 2014
BMO 4 Year GIC4 Year1.600% Oct, 2014
Scotiabank 4 Year GIC4 Year1.40% Oct, 2014
TD Canada Trust 3 Year GIC3 Year1.40% Oct, 2014
ING Direct Canada 1 Year GIC1 year1.35% Oct, 2014
TD Canada Trust 2 Year GIC2 Year1.35% Oct, 2014
BMO 3 Year GIC3 Year1.350% Oct, 2014
RBC 1 Year GIC1 year1.300% Oct, 2014
TD Canada Trust 1 Year GIC1 year1.30% Oct, 2014
Scotiabank 3 Year GIC3 Year1.25% Oct, 2014
BMO 2 Year GIC2 Year1.150% Oct, 2014
Scotiabank 2 Year GIC2 Year1.10% Oct, 2014
RBC 6 Month GIC6 month1.000% Oct, 2014
BMO 1 Year GIC1 year1.000% Oct, 2014
BMO 6 Month GIC6 month1.000% Oct, 2014
RBC 3 Month GIC3 month0.900% Oct, 2014
BMO 4 Month GIC4 Month0.900% Oct, 2014
BMO 5 Month GIC5 Month0.900% Oct, 2014
TD Canada Trust 9 Month GIC9 month0.90% Oct, 2014
Scotiabank 1 Year GIC1 year0.90% Oct, 2014
Desjardins 1 Year Term Savings Account1 year0.90% Oct, 2014
BMO 3 Month GIC3 month0.900% Oct, 2014
HSBC Canada 1 Year Term Deposit1 year0.85% Oct, 2014
Scotiabank 9 Month GIC9 Month0.85% Oct, 2014
TD Canada Trust 6 Month GIC6 month0.85% Oct, 2014
CIBC 1 Year GIC1 year0.800% Oct, 2014
Vancity 1 Year Term Deposit1 year0.80% Oct, 2014
TD Canada Trust 4 Month GIC4 month0.80% Oct, 2014
Scotiabank 6 Month GIC6 Month0.75% Oct, 2014
BMO 2 Month GIC2 Month0.750% Oct, 2014
RBC 2 Month GIC2 Month0.750% Oct, 2014
TD Canada Trust 3 Month GIC3 month0.75% Oct, 2014
Scotiabank 5 Month GIC5 Month0.70% Oct, 2014
TD Canada Trust 1 Year Term Deposit1 year0.70% Oct, 2014
Scotiabank 4 Month GIC4 Month0.65% Oct, 2014
National Bank of Canada 1 Year GIC1 year0.65% Oct, 2014
TD Canada Trust 2 Month GIC2 month0.65% Oct, 2014
BMO 1 Month GIC1 Month0.600% Oct, 2014
Scotiabank 3 Month GIC3 Month0.60% Oct, 2014
RBC 1 Month GIC1 Month0.60% Oct, 2014
Scotiabank 2 Month GIC2 Month0.55% Oct, 2014
TD Canada Trust 1 Month GIC1 month0.45% Oct, 2014
Scotiabank 1 Month GIC1 Month0.15% Oct, 2014

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