Banking · Rates

The best GIC & savings rates in Canada

We track posted rates from 16 Canadian banks and credit unions and show them straight — sortable, with CDIC and provincial coverage spelled out. No bank is paying for a higher spot. Built for retirees and savers who just want the real number.

Best GIC rates today

Rates as of June 7, 2026
  • 1 year Achieva Financial 3.60%
  • 2 year WealthONE Bank of Canada 3.90%
  • 3 year WealthONE Bank of Canada 3.90%
  • 4 year WealthONE Bank of Canada 3.95%
  • 5 year WealthONE Bank of Canada 4.10%
Compare all GIC rates

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Best GIC Rates in Canada

Compare the highest GIC rates from Canadian banks and credit unions, with CDIC coverage and a sortable rate table.

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Best High-Interest Savings Rates

The top high-interest savings account rates in Canada right now, plus how HISAs compare to GICs for parking cash.

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Best No-Fee Chequing Accounts

The genuinely $0 chequing and everyday-spending accounts in Canada — unlimited free e-Transfers, no monthly fee, and which big banks waive theirs.

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Best TFSA Savings Rates

The highest tax-free savings account rates in Canada right now — registered-vs-non-registered traps spelled out, with CDIC and provincial coverage on every row.

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Best RRSP Savings Rates

The highest RRSP savings account rates in Canada right now — tax-deferred cash for your contribution, with the registered-vs-non-registered gap and CDIC coverage spelled out.

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Best FHSA Savings Rates

The highest First Home Savings Account rates in Canada — the account that deducts like an RRSP and withdraws tax-free like a TFSA, with contribution rules and the registered-rate trap spelled out.

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High-Interest Savings Accounts

How HISAs work, how interest is calculated and taxed, promo vs everyday rates, and where a savings account fits versus a GIC or HISA ETF.

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GIC vs High-Interest Savings

When to lock cash into a GIC versus keeping it liquid in a high-interest savings account — rate, access, and tax compared.

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CDIC Coverage Explained

How CDIC deposit insurance works, the $100,000 limit, and how to structure accounts to insure far more.

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Bank Fees Compared

What the big banks and online banks charge for chequing, and how retirees can cut monthly fees to zero.

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Retiree Cash Strategy

How much cash to hold in retirement (1–3 years of your income gap), the three-tier chequing/HISA/GIC-ladder structure, and keeping it insured and out of the OAS clawback.

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Best Bank Account Bonuses

Every verified welcome offer in Canada with the net-after-fees math the banks skip — expired offers drop off automatically at our daily rebuild.

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Simplii vs Tangerine

Canada’s two no-fee banks head to head across 13 factors — savings promos, GICs, credit cards, US-dollar accounts, mortgages, and the opposite CDIC structures nobody mentions.

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EQ Bank vs Tangerine vs Wealthsimple

Canada’s biggest online money apps compared on rate, promos, fees, chequing, trading and investing.

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Best Bank Accounts for Seniors

No-fee accounts that pay interest, which big banks waive fees for seniors, and how to structure retirement cash.

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Best US-Dollar Accounts for Snowbirds

Hold US dollars from Canada, bank like an American with a cross-border account, and stop paying to convert money twice.

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GIC Ladder vs Single GIC

Which earns more and which stays flexible, with today’s rates plugged in — plus when each one wins.

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What’s New in 2026

Every 2026 change that touches your money, verified at the source — the 14% tax rate, $10 NSF cap, the new grocery benefit, CPP2 ceiling, bank launches, and the watchlist for the rest of the year.

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Best Business Bank Accounts

No-fee challengers paying up to 2.5% on operating cash vs the big banks’ $5–$125 tiers — who covers sole props, and how CDIC really treats business deposits.

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Big Five vs Digital Banks

Fees, rates, branches and service compared — where online banks win, where the big banks earn their keep, and the hybrid that beats both.

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How we keep this honest

Rates are compiled from each issuer's own website and stamped with the date we checked (currently June 7, 2026). Our rankings are editorial — we never sell placement. When you open an account through some of our links we may earn a commission, which keeps the site free and never changes the order. Read our full methodology.