Guaranteed Investment Certificates

Lock in to some of the best GIC rates in Canada

  • Eligible for CDIC protection†
  • No fees
  • $100 minimum
Buy a GIC
A man in a yellow shirt is caring for plants in a vibrant garden, surrounded by greenery and blooming flowers.

How much growth are we really talking about?

Use our GIC calculator to see how much your savings will grow with our different options.

How much do you want to invest?
GIC term
How do you want your interest paid out?
Simple interest is calculated on a per annum basis

How much growth are we really talking about?

Use our GIC calculator to see how much your savings will grow with our different options.

Our rate
GIC term 
Estimated earned interest
Estimated value at maturity
Our rate
2.50%
GIC term 
Estimated earned interest
0
Our rate
2.70%
GIC term 
Estimated earned interest
1
Our rate
2.85%
GIC term 
Estimated earned interest
2
Our rate
3.25%
GIC term 
Estimated earned interest
3
Our rate
3.35%
GIC term 
Estimated earned interest
4
Our rate
3.60%
GIC term 
Estimated earned interest
5
Our rate
3.60%
GIC term 
Estimated earned interest
6
Our rate
3.70%
GIC term 
Estimated earned interest
7
Our rate
3.80%
GIC term 
Estimated earned interest
8
Our rate
4.00%
GIC term 
Estimated earned interest
9
Our rate
2.35%
GIC term 
Estimated earned interest
10
Our rate
2.35%
GIC term 
Estimated earned interest
11
Our rate
2.35%
GIC term 
Estimated earned interest
12
Our rate
GIC term 
Estimated earned interest

Browse rates and terms to find the right GIC

Have questions? Get answers to common questions about GICs here.

Non-registered

Registered GICs

TFSA
RRSP
FHSA
TFSA GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
RRSP GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
FHSA GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
Non-registered
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%

Non-registered

Registered GICs

TFSA
RRSP
FHSA
TFSA caption
Term Rate* Start investing
3 month 2.50%
6 month 2.70%
9 month 2.85%
RRSP caption
Term Rate* Start investing
3 month 2.50%
6 month 2.70%
9 month 2.85%
FHSA caption
Term Rate* Start investing
3 month 2.50%
6 month 2.70%
9 month 2.85%
Non-registered GIC rates
Term Rate* Start investing
3 month 2.50%
6 month 2.70%
9 month 2.85%

Non-registered GICs

Registered GICs

TFSA
RRSP
FHSA
TFSA GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
6 Year 2.35%
7 Year 2.35%
10 Year 2.35%
RRSP GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
6 Year 2.35%
7 Year 2.35%
10 Year 2.35%
FSHA GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
6 Year 2.35%
7 Year 2.35%
10 Year 2.35%
Non-registered GICs
Term Rate* Start investing
1 Year 3.25%
15 Month 3.35%
2 Year 3.60%
27 Month 3.60%
3 Year 3.70%
4 Year 3.80%
5 Year 4.00%
6 Year 2.35%
7 Year 2.35%
10 Year 2.35%

Are our GICs right for you?

They're right for you if:

  • You’re looking for a guaranteed rate of return on your investment.
  • You’re looking to lock in your funds long-term (i.e., for months or years).
  • You're looking for a completely digital banking experience.

They're not right for you if:

  • You think you may need to access your funds before maturity.
  • You’re looking to purchase a joint GIC.

Want growth so advanced
you don’t even have to think? 

Then invest it, forget it, and earn more without paperwork, long processes or any other banking nonsense. Our GIC options let you lock in any of our amazing rates, so no matter what happens, that rate is yours. We’ve also got a range of term options to help you invest smarter.

Smart features

  • Rates that make your savings go boom

    Say hello to some of the highest guaranteed rates in the industry on our GICs.

  • Registered or non-registered, take your pick

    Want to invest in a non-registered or a tax-advantaged registered GIC? We’ve got you on both fronts. To buy a registered GIC, you’ll need to open a TFSA or RRSP or FHSA.

  • Plenty of term options

    You’re the one in charge of your savings, and that includes choosing whether short or long term GICs are right for you (or hey, maybe it’s both).

  • Investments in a safe place

    All deposits in EQ Bank products are eligible for Canada Deposit Insurance Corporation (CDIC) protection†.

  • Low minimum deposit

    We’re not about being restrictive, so you can start investing in GICs with as little as $100. 

  • A GIC in seconds

    As long as you have available funds, you can literally buy a GIC in seconds. 

Common questions answered

Visit our FAQ for more details about our GICs.

Can I redeem GICs before they mature?

Unfortunately not. Once the cancellation period has passed, your GIC is non-redeemable, and your funds are locked in. For more information, please refer to the EQ Bank GIC Agreement.

How many GICs can I buy?

Non-registered

You can purchase up to 20 active GICs at a time. Each GIC must be for at least $100, with a maximum purchase amount of $100,000 per GIC. The total value of all GICs held cannot exceed $500,000, excluding interest earned.

TFSA

There are no limits on the number of TFSA GICs you can buy, but the total funds across your TFSA Cash Savings Account and TFSA GICs cannot exceed $200,000, excluding interest earned. Each GIC purchase must be for at least $100, and no more than $100,000. Keep track of your contributions to avoid penalties for over-contributing. Please refer to the CRA for your contribution room details.

RRSP

You can purchase as many RRSP GICs as you like, but the total funds across your RRSP Cash Savings Account and RRSP GICs cannot exceed $1 million, excluding interest earned. Each GIC purchase must be for at least $100, and no more than $100,000. Be mindful of your contribution limits to avoid penalties. Please refer to the CRA for your contribution room details.

FHSA

You can hold multiple FHSA GICs, as long as your total contributions do not exceed $500,000 (separate from the $200,000 plan limit), excluding interest earned. Each GIC purchase must be for at least $100, and no more than $100,000. Keep track of your contributions to avoid penalties. Please refer to the CRA for your contribution room details.

 

What happens when my GIC matures?

Once your GIC reaches the maturity date, the funds will be placed in your account (the one from which your initial investment was funded). You will receive an email or SMS alert notifying you of the GIC maturity.

Is the interest earned from my GIC taxed?

Yes. Any interest you earn from your GIC investments will be included on your T5 tax slip.

Will I get a physical certificate for my GIC purchase?

No, but you can view your current and previous GIC purchases by signing in to your account.

Are GICs available in Quebec?

Yes, our GICs are available to Quebec customers (except for RRSP GICs, which are not available).

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Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

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