Best GIC and Savings Rates in Canada
Latest GIC and savings rates, plus free FIRE calculators, built for Canadians.
This week’s top rates
Top GIC rates this week
Updated October 24, 2026Top 3 standard rates for each term
| Term | Highest rates this week |
|---|---|
| 1 year |
Big Six best: BMO / CIBC / RBC / TD 3.00% (special rate) |
| 2 years |
Big Six best: Scotiabank 3.50% (special rate) |
| 3 years |
Big Six best: BMO / CIBC / TD 3.30% |
| 4 years |
Big Six best: CIBC 3.40% (investment account) |
| 5 years |
Big Six best: CIBC 3.60% (investment account) |
Top HISA rates this week
Updated October 24, 2026Regular rates, no conditions, $10,000 balance
| # | Bank and account | Rate |
|---|---|---|
| 1 | Saven FinancialHISA · Ontario credit union (FSRA) | 2.85% |
| 2 | Oaken FinancialSavings Account · CDIC | 2.80% |
| 3 | Hubert FinancialHigh Interest Savings · Manitoba credit union (DGCM) | 2.50% |
| 4 | AchievaDaily Interest Savings Account · Manitoba credit union (DGCM) | 1.80% |
| 5 | EQ BankPersonal Account (base rate) · CDIC | 1.50% |
| 5 | Manulife BankAdvantage Account · CDIC | 1.50% |
| 7 | Peoples Banke-savings · CDIC | 1.20% |
| 8 | Alterna BankHigh Interest eSavings Account · CDIC | 1.05% |
| 9 | Innovation Credit UnionSavings Account · CDIC | 0.60% |
Big Six best: RBC / National Bank 0.55%
This week’s rate updates
GIC updateOctober 26, 2026GIC Rates This Week: Saven Takes the LeadRead the GIC update →Savings updateOctober 26, 2026Savings Rates This Week: Do the 5% Promos Pay?Read the savings update →
Free FIRE calculators
CCoast FIRE CalculatorHow much you need invested today to stop saving for retirement, with CPP and OAS built in.
FFIRE CalculatorYour financial independence number and how long it takes to get there.
All calculators →
How we check these rates
Every week we read each bank’s own rate page, over 20 Canadian banks and credit unions, and record every GIC and savings rate it shows. Rankings are by rate only; no bank pays to be listed. Limited-time specials are covered in the weekly updates.
General information, not financial advice. Rates are taken from each institution’s website on the date shown and can change at any time. Confirm the current rate and conditions with the institution before you invest or open an account.