3.60%
1 year
$25 referral bonus
CA$1,000
Achieva Financial stands out as the top choice because it offers one of the highest 1-year GIC rates in Canada at 3.60%. With a strong reputation for customer service and full deposit insurance, it provides a secure investment option for those looking to grow their savings.
Pros:
- Among the highest rates in Canada
- Full deposit insurance
Cons:
- Non-redeemable prior to maturity
- Minimum deposit required
3.65%
1 year
N/A
CA$1,000
What sets WealthONE Bank of Canada apart is its commitment to offering one of the top 1-year GIC rates at 3.65%. This provider ensures that your investment is secure with CDIC insurance, making it a reliable choice for savers.
Pros:
- Highly competitive rates
- CDIC insurance
Cons:
- Non-redeemable
- Rates subject to change
3.55%
1 year
N/A
CA$1,000
Saven Financial shines for its competitive 1-year GIC rate of 3.55%, providing a solid option for those looking to secure their savings. With a focus on transparency and customer service, it offers a straightforward approach to investing.
Pros:
- Flexible investment options
- Guaranteed returns
Cons:
- Non-redeemable
- Minimum deposit required
3.45%
1 year
N/A
CA$1,000
Hubert Financial offers a unique 1-year quarterly term deposit that allows for redemption every three months, making it a flexible choice for savers. With a competitive rate of 3.45%, it provides a balance of security and accessibility.
Pros:
- Flexible redemption options
- Guaranteed by DGCM
Cons:
- Average rate compared to others
- Minimum deposit required
3.40%
1 year
N/A
CA$1,000
A key differentiator for MCAN Wealth is its focus on secure, non-redeemable GICs with a competitive rate of 3.40%. This provider emphasizes low-risk investments, making it an appealing option for conservative savers.
Pros:
- CDIC insured
- Direct-to-client options
Cons:
- Non-redeemable
- Minimum deposit required
Final Words
In summary, this March 2026, Achieva Financial stands out among the best providers of 1-year GICs, alongside others like EQ Bank, Oaken Financial, and Hubert Financial, offering competitive rates that can help your savings grow. Be sure to compare these options to find the best fit for your investment strategy and financial goals.
Frequently Asked Questions
The best 1-year GIC rates in Canada for March 2026 include WealthONE Bank of Canada at 3.65%, Achieva Financial at 3.60%, and Saven Financial at 3.55%.
The minimum deposit required for a 1-year GIC at WealthONE Bank of Canada is CA$1,000.
Achieva Financial offers a competitive interest rate of 3.60% for their 1-year GIC, making it one of the top providers in Canada.
Saven Financial offers an interest rate of 3.55% for their 1-year GIC.
A Guaranteed Investment Certificate (GIC) is a secure investment option where you deposit a lump sum for a fixed term, receiving a guaranteed interest rate.
Yes, GICs are considered a safe investment option as they provide guaranteed returns and are typically insured by the Canada Deposit Insurance Corporation (CDIC) up to certain limits.
Generally, GICs are not designed for early withdrawal, and doing so may result in penalties or loss of interest. It's important to check the specific terms and conditions of your GIC.
At the end of a GIC term, you can choose to withdraw your principal and interest or reinvest it into a new GIC or another investment product.
Compare GIC Rates
Summary of all rates from our gic rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Achieva Financial | 3.85% | 5 years | CA$1,000 | Learn more |
| Saven Financial | 3.80% | 5 years | CA$1,000 | Learn more |
| MCAN Wealth | 3.80% | 5 years | CA$1,000 | Learn more |
| Oaken Financial | 3.80% | 5 years | CA$1,000 | Learn more |
| EQ Bank | 3.75% | 5 years | CA$100 | Learn more |
| WealthONE Bank of Canada | 3.65% | 1 year | CA$1,000 | Learn more |
| Meridian Credit Union | 3.60% | 5 years | CA$100 | Learn more |
| LBC Digital | 3.55% | 5 years | CA$100 | Learn more |
| Hubert Financial | 3.45% | 1 year | CA$1,000 | Learn more |
