1.EQ Bank
3.75%
5 years
N/A
CA$100
EQ Bank stands out as the top choice because it offers some of the highest GIC rates in Canada, with a wide range of terms from 3 months to 10 years. Their competitive rates and low minimum deposit make it accessible for all savers.
Pros:
- High guaranteed interest rates
- Low minimum deposit
Cons:
- Non-redeemable GICs
3.30%
5 years
29-month GIC at 3.75%
CA$1,000
What sets this provider apart is its commitment to offering high-interest GICs with flexible terms ranging from 30 days to 5 years. Their current promotion on a 29-month GIC at 3.75% is particularly attractive for those looking for medium-term investments.
Pros:
- High-interest rates
- Flexible terms
Cons:
- Higher minimum deposit compared to others
3.80%
2 years
N/A
CA$1,000
Saven Financial shines for its competitive GIC rates, reaching up to 3.80% for 2-year terms. Their offerings include tax-free growth options, making them a solid choice for those looking to maximize their savings.
Pros:
- Competitive rates
- Tax-free growth options
Cons:
- Non-redeemable GICs
3.60%
4 years
N/A
CA$1,000
A key differentiator is MCAN Wealth's focus on secure, CDIC-insured GICs, providing peace of mind for investors. Their competitive rates for terms ranging from 1 to 5 years make them a reliable choice for conservative savers.
Pros:
- CDIC insured
- Competitive rates
Cons:
- Limited term options
3.55%
5 years
N/A
CA$100
LBC Digital offers a compelling option for savers with its low minimum deposit of CA$100 and competitive rates up to 3.55% for 5-year terms. Their GICs are a great choice for those looking to invest without a large initial outlay.
Pros:
- Low minimum deposit
- Competitive rates
Cons:
- Non-redeemable GICs
3.85%
5 years
N/A
CA$1,000
Achieva Financial is notable for its market-leading GIC rates, particularly the 5-year option at 3.85%. Their full deposit protection through the Deposit Guarantee Corporation of Manitoba adds an extra layer of security for investors.
Pros:
- Market-leading rates
- Fully guaranteed deposits
Cons:
- Higher minimum deposit
Final Words
In summary, as you consider the best GIC options in Canada this March 2026, providers like EQ Bank, Tangerine, Oaken Financial, and others stand out for their competitive rates and terms. Be sure to compare these offerings to find the GIC that best aligns with your investment goals and financial strategy.
Frequently Asked Questions
The best GIC providers in Canada this March 2026 include EQ Bank, Oaken Financial, and Saven Financial.
EQ Bank offers a GIC rate of 3.75% for a 5-year term with a minimum deposit of CA$100.
Oaken Financial offers a GIC rate of 3.30% for a 5-year term, requiring a minimum deposit of CA$1,000, which is lower than EQ Bank's rate.
Saven Financial offers a GIC rate of 3.80% for a 2-year term with a minimum deposit of CA$1,000.
A Guaranteed Investment Certificate (GIC) is a low-risk investment where you deposit money for a fixed term and earn a guaranteed interest rate.
Typically, GICs are non-redeemable, meaning you cannot withdraw funds before the maturity date without incurring penalties.
Minimum deposits for GICs can vary by provider; for example, EQ Bank requires CA$100, while Oaken Financial requires CA$1,000.
EQ Bank offers GIC terms ranging from three months to ten years.
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 |
