3.80%
5 years
N/A
CA$1,000
Saven Financial stands out as the top choice because it offers some of the highest GIC rates in Canada, with a maximum rate of 3.80% for a 5-year term. Their flexibility in terms and tax-free options for registered accounts further enhances their appeal for savers.
Pros:
- Competitive rates
- Tax-free growth options
Cons:
- Minimum deposit required
- Non-redeemable terms
2.EQ Bank
3.85%
5 years
Registered Season Bonus
CA$100
What sets this provider apart is its incredibly low minimum deposit of just CA$100, making it accessible for a wider range of investors. With competitive rates reaching up to 3.85%, EQ Bank provides an excellent option for those looking to maximize their savings.
Pros:
- Low minimum deposit
- High interest rates
Cons:
- Non-redeemable
- Limited term options
3.85%
5 years
N/A
CA$1,000
Achieva Financial shines for its consistently high GIC rates, particularly the 5-year rate of 3.85%. This provider is known for its strong commitment to guaranteed returns, making it a reliable choice for long-term savers.
Pros:
- High interest rates
- Guaranteed returns
Cons:
- Minimum deposit required
- Limited term flexibility
3.70%
5 years
N/A
CA$1,000
A key differentiator is Hubert Financial's unique one-year quarterly term deposit, which offers flexibility while still providing competitive rates. Their GICs are fully guaranteed, ensuring peace of mind for investors.
Pros:
- Competitive rates
- Flexible term options
Cons:
- Minimum deposit required
- Non-redeemable terms
3.80%
5 years
N/A
CA$1,000
MCAN Wealth offers a solid option for those seeking secure, fixed-rate investments. Their GICs are CDIC insured, providing an extra layer of security for investors looking for long-term growth.
Pros:
- CDIC insured
- Fixed-rate investments
Cons:
- Higher minimum deposit for brokers
- Non-redeemable
3.75%
29 months
29-month promotional offer
CA$1,000
Oaken Financial's promotional 29-month GIC at 3.75% is an attractive option for those looking for a medium-term investment. Their commitment to providing competitive rates makes them a noteworthy choice in the GIC market.
Pros:
- Promotional rates
- Flexible terms
Cons:
- Minimum deposit required
- Limited promotional period
Final Words
In conclusion, when searching for the best GIC options in Canada this April, consider top providers such as Saven Financial, EQ Bank, Oaken Financial, and Simplii Financial, all offering competitive rates and terms. The key takeaway is to compare these offerings to find the best fit for your investment needs and financial goals.
Frequently Asked Questions
Saven Financial offers a competitive interest rate of 3.80% for a 5-year GIC.
The minimum deposit required for a GIC with EQ Bank is CA$100.
Both EQ Bank and Achieva Financial offer the highest interest rate of 3.85% for a 5-year term.
Saven Financial offers GIC terms including a 5-year term at 3.80% and a 1-year term at 3.55%.
The best GIC providers in Canada as of April 2026 include Saven Financial, EQ Bank, and Achieva Financial.
Yes, GIC rates are subject to change, so it's important to check for the most current rates before investing.
Yes, GICs from providers like Saven Financial can be held in registered accounts such as TFSA, FHSA, and RRSP/RRIF.
Achieva Financial offers a 5-year GIC term at an interest rate of 3.85%.
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 |
