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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

Deposit Account Term APY
ING Direct Canada 1 Year GIC1 year1.35% Oct, 2014
TD Canada Trust 1 Year GIC1 year1.30% Oct, 2014
RBC 1 Year GIC1 year1.05% Oct, 2014
BMO 1 Year GIC1 year1.000% Oct, 2014
BMO 6 Month GIC6 month1.000% 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
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
RBC 6 Month GIC6 month0.750% Oct, 2014
TD Canada Trust 3 Month GIC3 month0.75% Oct, 2014
TD Canada Trust 1 Year Term Deposit1 year0.70% Oct, 2014
RBC 3 Month GIC3 month0.650% Oct, 2014
National Bank of Canada 1 Year GIC1 year0.65% Oct, 2014

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
ING Direct Canada 1 Year GIC1 year1.35% Oct, 2014
TD Canada Trust 1 Year GIC1 year1.30% Oct, 2014
RBC 1 Year GIC1 year1.05% Oct, 2014
BMO 1 Year GIC1 year1.000% Oct, 2014
BMO 6 Month GIC6 month1.000% 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
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
RBC 6 Month GIC6 month0.750% Oct, 2014
TD Canada Trust 3 Month GIC3 month0.75% Oct, 2014
TD Canada Trust 1 Year Term Deposit1 year0.70% Oct, 2014
RBC 3 Month GIC3 month0.650% Oct, 2014
National Bank of Canada 1 Year GIC1 year0.65% Oct, 2014