2.75%
6 months
N/A
CA$1,000
Saven Financial stands out as the top choice because it offers a competitive 2.75% interest rate on its 6-month GIC, making it an attractive option for short-term savers. With a minimum deposit of CA$1,000, it provides flexibility for both registered and non-registered accounts.
Pros:
- High interest rate
- Available for various account types
Cons:
- Non-redeemable
- Higher minimum deposit
2.EQ Bank
2.75%
6 months
N/A
CA$100
What sets EQ Bank apart is its remarkably low minimum deposit of just CA$100, allowing more investors to access their 6-month GIC at a competitive rate of 2.75%. This makes it an excellent choice for those looking to maximize their savings without a significant upfront investment.
Pros:
- Low minimum deposit
- Competitive rate
Cons:
- Non-redeemable
- Interest paid at maturity
3.20%
6 months
N/A
CA$1,000
The standout feature here is Hubert Financial's unique 1-year 'Quarterly Term' GIC, which allows for redemption after 6 months at a rate of 3.20%. This offers a higher yield for those willing to commit for a longer term while still providing flexibility.
Pros:
- Higher interest rate for early redemption
- Flexible terms
Cons:
- Minimum deposit required
- Not a standard 6-month GIC
2.25%
6 months
N/A
CA$1,000
Oaken Financial shines for its commitment to security, offering CDIC coverage on its GICs. While the 6-month rate is lower at 2.25%, it provides a reliable option for conservative investors looking for guaranteed returns.
Pros:
- CDIC insured
- Flexible options
Cons:
- Lower rate compared to others
- Non-redeemable
2.50%
6 months
N/A
CA$100
LBC Digital offers a competitive 2.50% interest rate on its 6-month GIC, making it an appealing choice for those looking to invest with a low minimum deposit of CA$100. This accessibility allows more individuals to take advantage of guaranteed returns.
Pros:
- Low minimum deposit
- Competitive rates
Cons:
- Non-redeemable
- Rates subject to change
Final Words
In conclusion, as you consider investing in a 6-month GIC this April, be sure to explore the top providers like Saven Financial, EQ Bank, and others, offering competitive rates that can enhance your returns. Remember, comparing rates and terms can significantly impact your investment growth, so take the time to evaluate your options before making a decision.
Frequently Asked Questions
As of April 2026, the best 6-month GIC rates in Canada include Hubert Financial at 3.20%, Saven Financial at 2.75%, and EQ Bank also at 2.75%.
The minimum deposit required for Saven Financial's 6-month GIC is CA$1,000.
Both EQ Bank and Saven Financial offer a 6-month GIC with an interest rate of 2.75%. However, EQ Bank has a lower minimum deposit requirement of CA$100.
A GIC (Guaranteed Investment Certificate) is a type of investment where you deposit money with a financial institution for a fixed term in exchange for a guaranteed interest rate.
Yes, GICs are considered a safe investment as they are insured by the Canada Deposit Insurance Corporation (CDIC) up to certain limits, protecting your principal investment.
If you need to access your money before the GIC term ends, you may face penalties or be unable to withdraw your funds until maturity, as most GICs are non-redeemable.
Yes, you can purchase a GIC through a Tax-Free Savings Account (TFSA), allowing you to earn interest tax-free.
Hubert Financial offers a 6-month GIC with an interest rate of 3.20% and a minimum deposit of CA$1,000.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| National Bank of Canada | 3.97% | 5 years | CA$500 | Learn more |
| Achieva Financial | 3.85% | 5 years | CA$1,000 | Learn more |
| EQ Bank | 3.85% | 5 years | CA$100 | Learn more |
| WealthONE | 3.80% | 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 | 3.75% | 29 months | CA$1,000 | Learn more |
| Hubert Financial | 3.70% | 5 years | CA$1,000 | Learn more |
| Lighthouse Credit Union | 3.60% | 5 years | — | Learn more |
| LBC Digital | 2.50% | 6 months | CA$100 | Learn more |
