Banking · GIC review
TD Canada Trust GIC review
Usually the most competitive of the Big Five on posted GIC rates, with a nationwide branch network behind it — but still well behind the online leaders.
Best for: TD clients who want a branch-bank GIC and the best of the big-bank rates
Pros
- Often the highest posted rates among the Big Five banks
- Full CDIC coverage and a nationwide branch network
- Registered and non-registered GICs
- Convenient if you already bank with TD
Cons
- The clean non-cashable curve lives on a subpage, not the featured GIC page
- Rates trail the top challenger banks and credit unions by a wide margin
- $500 minimum to open
Who TD is
TD Canada Trust is one of Canada's Big Five banks, with one of the largest branch networks in the country. For a GIC buyer, the draw is convenience, familiarity, and being able to manage the GIC alongside the rest of your TD banking.
The rates in our table are TD's non-cashable (non-redeemable) GIC curve — the clean 1- to 5-year rates a regular customer can get. TD's featured GIC page tends to highlight cashable and special products, so the straightforward non-redeemable ladder takes a little digging.
The rates — best of the Big Five, still behind the leaders
Among the Big Five, TD usually posts the most competitive non-cashable GIC rates. That is a genuine point in its favour if you are set on a big-bank GIC.
But "best of the Big Five" still means a wide gap below the leading credit unions and challenger banks, who routinely pay close to a full percentage point more on the same term. Compare TD against the full field on our best GIC rates page before deciding.
Safety and deposit insurance
TD GICs are covered by CDIC — up to $100,000 per depositor, per insured category, covering principal and interest if the bank ever failed. As a Big Five bank, TD is also designated systemically important, but the $100,000 deposit-insurance ceiling still applies.
For balances above $100,000, spread across categories or institutions to stay fully covered. Our CDIC guide walks through the structuring.
Frequently asked questions
What are TD Canada Trust's GIC rates today?
As of June 8, 2026, TD Canada Trust posts 2.70% on a 1-year term, 2.80% on a 2-year term, 2.85% on a 3-year term, 2.90% on a 4-year term, 3.10% on a 5-year term on non-redeemable GICs. Rates change without notice — see how they compare against every issuer on our best GIC rates table, refreshed daily.
What is the minimum to open a TD Canada Trust GIC?
$500. TD Canada Trust also offers registered versions, so you can hold these GICs inside a TFSA, RRSP or RRIF.
Are TD Canada Trust GICs protected if the bank fails?
CDIC-insured to $100,000 per category. See our deposit-insurance guide for how to structure larger amounts.
The bottom line
TD is the strongest of the Big Five for GIC rates, which makes it the most defensible big-bank pick — but it still leaves money on the table versus the online leaders. If branch access and keeping everything under one roof matter most, TD is reasonable; if rate is the priority, look higher up our comparison table.
Ready to compare TD Canada Trust against the field?
See where its rate sits today across every issuer and term.
This review is for educational purposes only and is not financial advice. Rates shown are posted non-redeemable rates compiled by hand and last checked June 8, 2026; they change frequently. Our editorial rating reflects rate competitiveness, coverage, minimums, and account features — it is never paid for. Confirm current rates, terms, and CDIC or provincial deposit-insurance details on the issuer's website before investing. See our methodology for how we rate products and make money.