Term Deposit (GIC)

A long-term deposit is a good investment option if you are looking to earn more interest on you hard-earned savings. Short and long term deposits are offered from 30 days to 5 years.

Term Deposit rates of return are usually higher than a standard savings account.

Short term deposit interest is paid at maturity and for long term deposits interest can be paid annually or compounded and paid at maturity.

Short Term Deposits

Term
$5,000
$10,000
$25,000+
30 to 89 days
0.15%
0.20%
0.25%
90 to 179 days
0.15%
0.20%
0.25%
180 to 364 days
0.15%
0.20%
0.25%

RRSP, RRIF, TFSA, and GIC Long Term Deposits

Interest can be paid annually or compounded and paid at maturity. 

Term
$500
$10,000
$25,000
$50,000
$100,000
1 year
3.90%
4.00%
4.10%
4.15%
4.25%
2 year
4.05%
4.15%
4.25%
4.30%
4.40%
3 year
4.15%
4.25%
4.35%
4.40%
4.50%
4 year
4.40%
4.50%
4.60%
4.65%
4.75%
5 year
4.50%
4.70%
4.80%
4.85%
4.95%

Deposit Insurance

Golden Horseshoe eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).

Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).

Download the Deposit Insurance Reserve Fund (DIRF) Brochure

Learn more at https://fsrao.ca or https://fsrao.ca/fr