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)
Top Deposit Accounts in Canada
| Deposit Account Type | Term | APY | Account Details | ||
|---|---|---|---|---|---|
| ING Direct Canada 1 Year GIC |  |
1 year | 1.40% | This interest rate applies to the ING GIC 'Guaranteed Investment' which is for 1 year and ha - CAD - May, 2012 | More Info |
| BMO 1 Year GIC |  |
1 year | 1.150% | Rate is for 1 year and Annual / Annual Compound Interest Payment Option and $1,000 - $99,999 - CAD - May, 2012 | More Info |
| TD Canada Trust 1 Year GIC |  |
1 year | 1.15% | This TD Non-Cashable GIC product has an interest rate that is applicable for a 1 year / 12 month - CAD - Apr, 2012 | More Info |
| BMO 6 Month GIC | |
6 month | 1.05% | This GIC interest Rate is for a term between 180 - 269 days and is for the 'BMO Short Term Invest - CAD - May, 2012 | More Info |
| TD Canada Trust 6 Month GIC | |
6 month | 1.00% | This is a TD Non-Cashable GIC short term product and the interest rate is applicable for a 180 da - CAD - Apr, 2012 | More Info |
| TD Canada Trust 3 Month GIC | |
3 month | 0.96% | This is a Non-Cashable Guarenteed Investment Certificate (GIC) product and is applicable for a 3 - CAD - Apr, 2012 | More Info |
| BMO 3 Month GIC | |
3 month | 0.950% | This BMO Guarenteed Investment Certificate interest Rate is for a term between 90 - 119 days and - CAD - May, 2012 | More Info |
| RBC 1 Year GIC |  |
1 year | 0.900% | - Rate is for a Redeemable GIC and is for 1 to 1.5 years- Minimum deposit : $500- Invest - CAD - Apr, 2012 | More Info |
| Scotiabank 1 Year GIC |  |
1 year | 0.90% | Rate is for 'Long Term Non-Redeemable GICs'(Non-Registered:An - CAD - Apr, 2012 | More Info |
| CIBC 1 Year GIC |  |
1 year | 0.900% | Rate is for 'CIBC Long Term GIC' account and is term is for 12 - 16 months and $1000 - $99,999 - CAD - May, 2012 | More Info |
| HSBC Canada 1 Year Term Deposit |  |
1 year | 0.90% | This CAD Interest rate is a 1 year / 12 month term and requires a minimum of 1,000. This product - CAD - May, 2012 | More Info |
| Vancity 1 Year Term Deposit |  |
1 year | 0.90% | The interest rate applies to the 'redeemable term deposit product' that requires a minimum $500 d - CAD - May, 2012 | More Info |
| Desjardins 1 Year Term Savings Account |  |
1 year | 0.90% | This fixed interest rate product refers to the 'term savings' product for a 1 year at maturity te - CAD - May, 2012 | More Info |
| RBC 6 Month GIC | |
6 month | 0.800% | - Rate is for a Redeemable GIC and is for 180 to 269 days- Applicable to balanc - CAD - Apr, 2012 | More Info |
| RBC 3 Month GIC | |
3 month | 0.750% | - The Interest Rate is for the Redeemable GIC Product and is for 90 to 179 days or 3 month equiva - CAD - Apr, 2012 | More Info |
| TD Canada Trust 1 Year Term Deposit | |
1 year | 0.70% | This TD interest rate is for a 12 month/1 year deposit term (long term) with a minimum of $1000 - CAD - Apr, 2012 | More Info |
| National Bank of Canada 1 Year GIC |  |
1 year | 0.65% | This 'Redeemable GIC' product for a 12 month or 1 year term with Interest paid at maturity/annual - CAD - May, 2012 | More Info |
Deposit RatesDeposits || Time Deposits || Term Deposits || Fixed Deposits || Certificates of Deposits
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