Best 1 Year GIC Rates this June 2026 in Canada

What sets WealthONE Bank apart is its straightforward approach to GICs, offering a solid 3.40% interest rate on its 1-year GIC. This provider is ideal for those looking for a reliable investment without the hassle of promotional offers.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

WealthONE Bank of Canada offers a variety of GICs, including redeemable, non-redeemable, and market-linked GICs.

The minimum investment amount for a GIC at WealthONE Bank of Canada is typically $1,000.

Yes, GICs at WealthONE Bank of Canada are insured by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

Interest rates for GICs at WealthONE Bank of Canada are determined based on market conditions and the term of the investment.

Withdrawal options depend on the type of GIC; redeemable GICs allow for early withdrawal, while non-redeemable GICs do not.

GIC terms at WealthONE Bank of Canada can range from 30 days to 5 years.

The standout feature here is EQ Bank's low minimum deposit requirement of just CA$100, making it accessible for many investors. While the rate is slightly lower at 3.25%, the security of CDIC protection adds peace of mind.

EQ Bank offers competitive interest rates on their GICs, which can vary based on the term length.

EQ Bank provides a variety of term options for GICs, typically ranging from 3 months to 5 years.

Yes, EQ Bank requires a minimum deposit to open a GIC, which is usually set at $1,000.

Yes, deposits in EQ Bank GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

Generally, GICs are not redeemable before maturity; however, some specific products may offer early withdrawal options with penalties.

Interest on EQ Bank GICs is typically paid at maturity, but some options may allow for annual interest payments.

At the end of your GIC term, you can choose to have your principal and interest paid out or reinvested into a new GIC.

Hubert Financial shines for its unique quarterly redemption option, allowing investors to access their funds at 3, 6, or 9 months while still earning interest. With a competitive rate of 3.45%, it offers flexibility that many traditional GICs do not.

A GIC, or Guaranteed Investment Certificate, is a type of investment that offers a guaranteed return over a fixed period of time.

Hubert Financial is a member of the Canada Deposit Insurance Corporation (CDIC), which means your eligible deposits are insured up to $100,000.

Interest rates for GICs at Hubert Financial vary based on the term and amount invested. Please check our website for the most current rates.

Generally, GICs are locked in for the term you choose. Early withdrawal may result in penalties or loss of interest.

Hubert Financial offers a variety of terms for GICs, ranging from 30 days to 5 years.

Yes, the minimum investment amount for GICs at Hubert Financial is typically $500.

You can open a GIC with Hubert Financial online through our website or by contacting our customer service.

At the end of the GIC term, you will receive your principal investment back along with any interest earned. You can choose to reinvest or withdraw your funds.

Tangerine offers a unique advantage with no minimum deposit requirement, making it an excellent choice for new investors. While the rate is slightly lower at 3.35%, the ease of access and zero fees make it appealing for those starting their investment journey.

A Guaranteed Investment Certificate (GIC) is a secure investment option that offers a guaranteed return over a fixed period.

Tangerine's GIC allows you to invest a lump sum for a specified term, and in return, you earn interest on your investment, which is guaranteed.

Tangerine offers various terms for GICs, typically ranging from a few months to several years.

Yes, there is a minimum investment amount required to open a GIC with Tangerine.

Generally, GICs are not redeemable before maturity without incurring penalties, but specific terms may vary.

At the end of the GIC term, you will receive your initial investment back along with the earned interest.

Yes, Tangerine GICs are eligible for deposit insurance through the Canada Deposit Insurance Corporation (CDIC), up to applicable limits.

Scotiabank offers a standout 1-year non-redeemable GIC rate of 4.00%, making it one of the most attractive options available. However, the minimum deposit of CA$500 may be a barrier for some investors.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

Scotiabank's GICs allow you to invest a lump sum for a set term, earning interest at a fixed rate until maturity.

Scotiabank offers various terms for GICs, typically ranging from 30 days to 5 years.

Yes, GICs issued by Scotiabank are insured by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

Generally, GICs cannot be cashed in before maturity without incurring penalties, though some flexible options may be available.

The minimum investment amount for a GIC at Scotiabank typically starts at $500.

Interest on Scotiabank GICs can be paid out monthly, annually, or at maturity, depending on the terms of the GIC.

RBC Royal Bank provides a secure investment option with its 1-year Guaranteed-Return GIC, offering a fixed rate of 2.70%. While the minimum deposit is higher at CA$1,000, the guarantee of principal protection is a significant advantage for risk-averse investors.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

RBC Royal Bank offers a variety of GICs, including cashable GICs, non-redeemable GICs, and market-linked GICs.

Interest on RBC GICs is calculated based on the principal amount and the interest rate specified at the time of investment.

Yes, RBC GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.

The minimum investment amount for an RBC GIC typically starts at $500.

Depending on the type of GIC, you may be able to cash in your GIC before maturity, but penalties may apply.

You can open a GIC with RBC Royal Bank online, in-person at a branch, or by contacting their customer service.