Best Short-Term GIC Rates in Canada for March 2026

ALSO CONSIDER: The best 1-5 year GIC rates

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The best short-term GIC rates in Canada

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Coast Capital Savings Non-Redeemable 1 Month GIC

4.8

NerdWallet rating

Interest rate

2.20%

As of March 18, 2026

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Minimum deposit

$500

NerdWallet's take

• Coast Capital short to medium-term GICs come with a generous rate of return and occasional introductory offers for new members.
• Coast Capital is a Federal Credit Union providing personal and business banking, mortgage, auto finance and wealth management services to its members. Coast Capital has been certified as a B Corp® since 2018 for its commitment to social and environmental performance practices.

Product details

• Non-redeemable GICs available in non-registered and registered accounts such as an RRSP, RRIF, RESP or TFSA.
• GICs available in short to medium-terms from 30 days to 7 years.
• Interest rates are calculated annually, accrued daily, and paid at maturity.
• Eligible deposits (including interest) equivalent to $100,000 CAD per deposit category are insured by CDIC.

RBC Short Term 30 Day GIC (Non-redeemable)

4.5

NerdWallet rating

Interest rate

2.15%

As of March 18, 2026

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Minimum deposit

$5,000

NerdWallet's take

• Royal Bank of Canada, or RBC GICs offer a variety of terms and convenience of choice — cashable, non-redeemable, market-linked, US Dollar, redeemable and registered investments to fit the investor’s financial plans.
• Royal Bank of Canada, founded in 1864, is one of the global Canadian Big Six banks that offers numerous banking, lending and investment products to match individual or business needs. Read our RBC bank review for more information.

Product details

• The minimum deposit for a non-registered plan is $1000 and registered plan is $500.
• Eligible for non-Registered, RRSP, TFSA, RESP, RRIF, LIF and RDSP plans. Some conditions apply.
• The principal and interest rate for this guaranteed-return GIC is guaranteed when held to maturity.
• Interest rate calculated on a per annum basis.
• For terms greater than or equal to one year, the available interest payment frequencies include: Monthly, semi-annually, annually or at maturity (interest compounded annually). Conditions apply.
• Eligible for CDIC deposit insurance.

CIBC Bonus Rate 1 Month GIC — Non-registered (Non-Redeemable)

4.7

NerdWallet rating

Interest rate

2.00%

As of March 18, 2026

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Minimum deposit

$1,000

NerdWallet's take

• CIBC GICs typically offer competitive interest rates, flexible access to your funds, and a wide range of term options.
• CIBC is a full-service multinational financial institution and one of the Big Six banks in Canada. Read our review for more details.

Product details

• The CIBC Bonus Rate GIC is available in non-registered and registered accounts. Those saving for a long-term goal, such as retirement, may want to consider a registered account for tax benefits.
• This GIC is non-redeemable and an ideal fit for those who prefer predictable earnings and don't need access to their money before the end of the term.
• GIC terms may vary based on type of accounts. Available accounts include RRSP, TFSA, RRIF and LIF.
• For terms of one year or more, choose simple interest, which is calculated and paid monthly, semi-annually or annually, or compound interest, which is calculated annually and paid at maturity.
• Investors have the option to automatically renew the GIC when it matures or deposit principal and interest into their bank account.
• GICs are eligible for CDIC coverage to a maximum of $100,000.

Scotiabank Non-registered 1 Month GIC

4.5

NerdWallet rating

Interest rate

2.00%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Scotiabank offers cashable, non-redeemable, market-linked, and redeemable GICs with a wide variety of term lengths. Registered GICs and US Dollar GICs are also available.
• Founded in Halifax in 1832, Scotiabank is one of Canada’s oldest and largest banks, a more or less permanent member of the country’s Big Six financial institutions.

Product details

• Short-term (30-364 days) and long-term (1-10 years) GICs are available.
• Investment payment frequency for long-term GICs can be monthly ($5,000 minumum investment), or compounded annually or semi-annually. Interest paid at maturity, if annual or semi-annual compounding ($500 minumum investment).
• All non-redeemable GICs are available as part of a registered or non-registered investment portfolio, and can be automatically renewed on maturity.
• No abiility to withdraw your funds during the length of the GIC term.
• When your term is up, you can either cash in your GIC – and get your initial investment back plus interest – or renew your term and keep growing.
• You'll need a Registered Plan or a Non-Registered Investment Plan to purchase your GIC.
• Eligible for CDIC Insurance.

TD Bank Short Term 30 Day GIC

4.2

NerdWallet rating

Interest rate

1.80%

As of March 18, 2026

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Minimum deposit

$5,000

NerdWallet's take

• TD Bank GICs offer a variety of registered and non-registered options, the choice of cashable and non-cashable terms, and competitive market-linked GIC rates for those who’re in it for the long haul.
• Toronto-Dominion Bank, or TD Bank, is one of Canada’s Big Six banks serving millions of personal and business customers globally. TD Bank offers spendings, savings and investment accounts, loans and more. Read our TD bank review for more information.

Product details

• An attractive choice for investors who can lock in their funds for a specific term to earn a higher rate of interest.
• The minimum deposit for a non-registered and TFSA plan is $1,000, and for RRSP, RESP and RIF it’s $500.
• Your original investment and interest payments are guaranteed.
• Compound interest is calculated annually and paid at maturity.
• Not cashable unless for RIF/RESP payments.
• On the date of renewal, the principal and interest is automatically renewed to another TD Special Offer GIC of the same term to maturity at the interest rate in effect for the renewed investment.
• Eligible deposits are by the Canada Deposit Insurance Corporation.

RBC Short Term 60 Day GIC (Non-redeemable)

4.5

NerdWallet rating

Interest rate

2.35%

As of March 18, 2026

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Minimum deposit

$5,000

NerdWallet's take

• Royal Bank of Canada, or RBC GICs offer a variety of terms and convenience of choice — cashable, non-redeemable, market-linked, US Dollar, redeemable and registered investments to fit the investor’s financial plans.
• Royal Bank of Canada, founded in 1864, is one of the global Canadian Big Six banks that offers numerous banking, lending and investment products to match individual or business needs. Read our RBC bank review for more information.

Product details

• The minimum deposit for a non-registered plan is $1000 and registered plan is $500.
• Eligible for non-Registered, RRSP, TFSA, RESP, RRIF, LIF and RDSP plans. Some conditions apply.
• The principal and interest rate for this guaranteed-return GIC is guaranteed when held to maturity.
• Interest rate calculated on a per annum basis.
• For terms greater than or equal to one year, the available interest payment frequencies include: Monthly, semi-annually, annually or at maturity (interest compounded annually). Conditions apply.
• Eligible for CDIC deposit insurance.

Coast Capital Savings Non-Redeemable 2 Month GIC

4.8

NerdWallet rating

Interest rate

2.20%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Coast Capital short to medium-term GICs come with a generous rate of return and occasional introductory offers for new members.
• Coast Capital is a Federal Credit Union providing personal and business banking, mortgage, auto finance and wealth management services to its members. Coast Capital has been certified as a B Corp® since 2018 for its commitment to social and environmental performance practices.

Product details

• Non-redeemable GICs available in non-registered and registered accounts such as an RRSP, RRIF, RESP or TFSA.
• GICs available in short to medium-terms from 30 days to 7 years.
• Interest rates are calculated annually, accrued daily, and paid at maturity.
• Eligible deposits (including interest) equivalent to $100,000 CAD per deposit category are insured by CDIC.

Scotiabank Non-registered 2 Month GIC

4.5

NerdWallet rating

Interest rate

2.00%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Scotiabank offers cashable, non-redeemable, market-linked, and redeemable GICs with a wide variety of term lengths. Registered GICs and US Dollar GICs are also available.
• Founded in Halifax in 1832, Scotiabank is one of Canada’s oldest and largest banks, a more or less permanent member of the country’s Big Six financial institutions.

Product details

• Short-term (30-364 days) and long-term (1-10 years) GICs are available.
• Investment payment frequency for long-term GICs can be monthly ($5,000 minumum investment), or compounded annually or semi-annually. Interest paid at maturity, if annual or semi-annual compounding ($500 minumum investment).
• All non-redeemable GICs are available as part of a registered or non-registered investment portfolio, and can be automatically renewed on maturity.
• No abiility to withdraw your funds during the length of the GIC term.
• When your term is up, you can either cash in your GIC – and get your initial investment back plus interest – or renew your term and keep growing.
• You'll need a Registered Plan or a Non-Registered Investment Plan to purchase your GIC.
• Eligible for CDIC Insurance.

Bridgewater Bank Short Term 60 Day GIC

4.0

NerdWallet rating

Interest rate

1.94%

As of March 18, 2026

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Minimum deposit

$5,000

NerdWallet's take

• Bridgewater Bank, headquartered in Calgary, was established in 1997 as a wholly-owned subsidiary of Alberta Motor Association (AMA). The branchless bank offers high-interest savings accounts, GICs and mortgages via online banking and over the phone.
• Bridgewater Bank GIC regular interest rates compete with many leading banks in Canada but only come with a non-registered investment option.

Product details

• No monthly fees.
• Leading interest rates.
• Fixed interest throughout your term.
• On GICs having terms of one year or longer, interest is calculated daily and is either paid monthly, annually, or compounded annually and paid at maturity as per customer requests.
• Monthly interest payment option available at a rate of 0.25% lower than the above indicated annual rates.
• GICs are non-redeemable prior to maturity. Cashable GICs are cashable after 30 days of the date of issue.
• Non-registered investment options.
• Personal deposits only.
• Canada Deposit Insurance Corporation (CDIC) eligible.

EQ Bank Short Term 3 Month GIC

4.9

NerdWallet rating

Interest rate

2.60%

As of March 26, 2026

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Minimum deposit

$100

NerdWallet's take

• Each EQ Bank GIC starts with a minimum deposit of $100, making it convenient for a new investor to explore these GICs at a competitive fixed rate.
• EQ Bank, a trademark of Equitable Bank, is an online bank based in Toronto that offers chequing and savings accounts, GICs and registered plans. Read our review of EQ Bank for more information.

Product details

• Non-registered and non-redeemable.
• Must have an EQ savings account in order to get an EQ GIC.
• When the term ends and your GIC reaches the maturity date, the funds will be placed in your Savings Plus Account (the one from which your initial investment was funded). You will receive an email or SMS alert notifying you of the GIC maturity.
• Term options range from 3-months to 10-years. You’re the one in charge of your savings, that includes choosing whether short or long term GICs are right for you.
• RSP and TFSA GICs are also available. Before you buy, you’ll need to open an RSP Savings Account or TFSA Savings Account.
• GIC options let you lock in any of our amazing rates, so no matter what happens, that rate is yours.
• Low minimum deposit. So you can start investing in GICs with as little as $100.
• You choose how your interest is paid out, either at maturity or annually.
• A GIC in seconds. As long as you have available funds in your Savings Plus Account, you can literally buy a GIC in seconds.
• You can buy up to 20 GICs. Each GIC purchase must be for at least $100, and can be up to a maximum of $100,000. Customers can hold up to $500,000 in GICs, excluding interest earned.
• *EQ Bank GICs are non-redeemable.
• For GIC terms of less than one year, simple interest is calculated on a per diem basis and paid at maturity. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. For GIC terms of over one year, not including 15 and 27 month terms, interest is calculated on a per annum basis and paid either annually (simple interest) or at maturity (compounded annually).
• For GIC terms of 15 and 27 months, interest is calculated on a per annum basis, compounded annually and paid solely at maturity. In all cases, interest is accrued for the entire GIC term.
• Maximum 20 GICs per customer. Per GIC investment limit of $100,000. Aggregate GIC investment limit of $500,000.
• Rates are calculated on a per annum basis and are subject to change at any time.
• Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

Tangerine 3 Month GIC

4.8

NerdWallet rating

Interest rate

2.55%

As of March 18, 2026

---

Minimum deposit

$0

NerdWallet's take

• Tangerine's non-redeemable GICs are available in short and long terms and can be included in registered plans, including TFSAs, RRSPs, and RRIFs.
• Tangerine is a subsidiary of Scotiabank and offers chequing and savings accounts, GICS, registered accounts, credit cards, mortgages, loans and investment products. Read our review of Tangerine Bank for more information.

Product details

• Offered in 1-5 year terms, as well as in 90-day, 180-day, 270-day, 1.5-year terms.
• RSP, Tax-Free, US$ and RIF Guaranteed Investments are also available.
• Lock in your savings for one of the set terms and start earning a great interest rate.
• You’ll have 30 days from the purchase or re-investment date to cancel the new GIC.
• No monthly fee.
• Protected by the Canada Deposit Insurance Corporation (CDIC).

Coast Capital Savings Non-Redeemable 3 Month GIC

4.8

NerdWallet rating

Interest rate

2.50%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Coast Capital short to medium-term GICs come with a generous rate of return and occasional introductory offers for new members.
• Coast Capital is a Federal Credit Union providing personal and business banking, mortgage, auto finance and wealth management services to its members. Coast Capital has been certified as a B Corp® since 2018 for its commitment to social and environmental performance practices.

Product details

• Non-redeemable GICs available in non-registered and registered accounts such as an RRSP, RRIF, RESP or TFSA.
• GICs available in short to medium-terms from 30 days to 7 years.
• Interest rates are calculated annually, accrued daily, and paid at maturity.
• Eligible deposits (including interest) equivalent to $100,000 CAD per deposit category are insured by CDIC.

RBC Short Term 90 Day GIC (Non-redeemable)

4.5

NerdWallet rating

Interest rate

2.40%

As of March 18, 2026

---

Minimum deposit

$5,000

NerdWallet's take

• Royal Bank of Canada, or RBC GICs offer a variety of terms and convenience of choice — cashable, non-redeemable, market-linked, US Dollar, redeemable and registered investments to fit the investor’s financial plans.
• Royal Bank of Canada, founded in 1864, is one of the global Canadian Big Six banks that offers numerous banking, lending and investment products to match individual or business needs. Read our RBC bank review for more information.

Product details

• The minimum deposit for a non-registered plan is $1000 and registered plan is $500.
• Eligible for non-Registered, RRSP, TFSA, RESP, RRIF, LIF and RDSP plans. Some conditions apply.
• The principal and interest rate for this guaranteed-return GIC is guaranteed when held to maturity.
• Interest rate calculated on a per annum basis.
• For terms greater than or equal to one year, the available interest payment frequencies include: Monthly, semi-annually, annually or at maturity (interest compounded annually). Conditions apply.
• Eligible for CDIC deposit insurance.

Coast Capital Savings Non-Redeemable 4 Month GIC

4.8

NerdWallet rating

Interest rate

2.50%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Coast Capital short to medium-term GICs come with a generous rate of return and occasional introductory offers for new members.
• Coast Capital is a Federal Credit Union providing personal and business banking, mortgage, auto finance and wealth management services to its members. Coast Capital has been certified as a B Corp® since 2018 for its commitment to social and environmental performance practices.

Product details

• Non-redeemable GICs available in non-registered and registered accounts such as an RRSP, RRIF, RESP or TFSA.
• GICs available in short to medium-terms from 30 days to 7 years.
• Interest rates are calculated annually, accrued daily, and paid at maturity.
• Eligible deposits (including interest) equivalent to $100,000 CAD per deposit category are insured by CDIC.

Scotiabank Non-registered 4 Month GIC

4.5

NerdWallet rating

Interest rate

2.20%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Scotiabank offers cashable, non-redeemable, market-linked, and redeemable GICs with a wide variety of term lengths. Registered GICs and US Dollar GICs are also available.
• Founded in Halifax in 1832, Scotiabank is one of Canada’s oldest and largest banks, a more or less permanent member of the country’s Big Six financial institutions.

Product details

• Short-term (30-364 days) and long-term (1-10 years) GICs are available.
• Investment payment frequency for long-term GICs can be monthly ($5,000 minumum investment), or compounded annually or semi-annually. Interest paid at maturity, if annual or semi-annual compounding ($500 minumum investment).
• All non-redeemable GICs are available as part of a registered or non-registered investment portfolio, and can be automatically renewed on maturity.
• No abiility to withdraw your funds during the length of the GIC term.
• When your term is up, you can either cash in your GIC – and get your initial investment back plus interest – or renew your term and keep growing.
• You'll need a Registered Plan or a Non-Registered Investment Plan to purchase your GIC.
• Eligible for CDIC Insurance.

Bridgewater Bank Short Term 120 Day GIC

4.0

NerdWallet rating

Interest rate

2.19%

As of March 18, 2026

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Minimum deposit

$5,000

NerdWallet's take

• Bridgewater Bank, headquartered in Calgary, was established in 1997 as a wholly-owned subsidiary of Alberta Motor Association (AMA). The branchless bank offers high-interest savings accounts, GICs and mortgages via online banking and over the phone.
• Bridgewater Bank GIC regular interest rates compete with many leading banks in Canada but only come with a non-registered investment option.

Product details

• No monthly fees.
• Leading interest rates.
• Fixed interest throughout your term.
• On GICs having terms of one year or longer, interest is calculated daily and is either paid monthly, annually, or compounded annually and paid at maturity as per customer requests.
• Monthly interest payment option available at a rate of 0.25% lower than the above indicated annual rates.
• GICs are non-redeemable prior to maturity. Cashable GICs are cashable after 30 days of the date of issue.
• Non-registered investment options.
• Personal deposits only.
• Canada Deposit Insurance Corporation (CDIC) eligible.

Peoples Bank Short Term 120 Day GIC

4.3

NerdWallet rating

Interest rate

2.05%

As of March 18, 2026

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Minimum deposit

$1,000

NerdWallet's take

• The Peoples Bank GICs are transferable and assignable with no transfer, setup or service fees, making them a nice choice for those who prefer to manage their investments without worrying about additional fees.
• Peoples Trust and Peoples Bank of Canada are subsidiaries of the Peoples Group. Peoples Trust offers savings accounts, registered and non-registered GICs, and mortgage and lending services.

Product details

• Non-registered and non-redeemable.
• When the term ends, and if your instructions for the maturing GIC are not received by the bank, the principal and interest will automatically renew for the same term at the posted rate in effect on the maturity date. After the renewal, you will have 10 business days to either cancel the transaction or change the term of your account.
• Terms range from short-term investments of 30 to 270 days or long-term investments of 1-5 years.
• Competitive rates are guaranteed for the full term.
• Short-term investments with interest paid at maturity.
• Long-term investments with your choice of annual or compounding interest.
• Transferable and assignable.
• Electronic monthly statements.
• Minimum deposit of $1,000.
• No transfer, setup or service fees.
• Eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC).

TD Bank Short Term 120 Day GIC

4.2

NerdWallet rating

Interest rate

2.05%

As of March 18, 2026

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Minimum deposit

$5,000

NerdWallet's take

• TD Bank GICs offer a variety of registered and non-registered options, the choice of cashable and non-cashable terms, and competitive market-linked GIC rates for those who’re in it for the long haul.
• Toronto-Dominion Bank, or TD Bank, is one of Canada’s Big Six banks serving millions of personal and business customers globally. TD Bank offers spendings, savings and investment accounts, loans and more. Read our TD bank review for more information.

Product details

• An attractive choice for investors who can lock in their funds for a specific term to earn a higher rate of interest.
• The minimum deposit for a non-registered and TFSA plan is $1,000, and for RRSP, RESP and RIF it’s $500.
• Your original investment and interest payments are guaranteed.
• Compound interest is calculated annually and paid at maturity.
• Not cashable unless for RIF/RESP payments.
• On the date of renewal, the principal and interest is automatically renewed to another TD Special Offer GIC of the same term to maturity at the interest rate in effect for the renewed investment.
• Eligible deposits are by the Canada Deposit Insurance Corporation.

EQ Bank Short Term 6 Month GIC

4.9

NerdWallet rating

Interest rate

2.75%

As of March 26, 2026

---

Minimum deposit

$100

NerdWallet's take

• Each EQ Bank GIC starts with a minimum deposit of $100, making it convenient for a new investor to explore these GICs at a competitive fixed rate.
• EQ Bank, a trademark of Equitable Bank, is an online bank based in Toronto that offers chequing and savings accounts, GICs and registered plans. Read our review of EQ Bank for more information.

Product details

• Non-registered and non-redeemable.
• Must have an EQ savings account in order to get an EQ GIC.
• When the term ends and your GIC reaches the maturity date, the funds will be placed in your Savings Plus Account (the one from which your initial investment was funded). You will receive an email or SMS alert notifying you of the GIC maturity.
• Term options range from 3-months to 10-years. You’re the one in charge of your savings, that includes choosing whether short or long term GICs are right for you.
• RSP and TFSA GICs are also available. Before you buy, you’ll need to open an RSP Savings Account or TFSA Savings Account.
• GIC options let you lock in any of our amazing rates, so no matter what happens, that rate is yours.
• Low minimum deposit. So you can start investing in GICs with as little as $100.
• You choose how your interest is paid out, either at maturity or annually.
• A GIC in seconds. As long as you have available funds in your Savings Plus Account, you can literally buy a GIC in seconds.
• You can buy up to 20 GICs. Each GIC purchase must be for at least $100, and can be up to a maximum of $100,000. Customers can hold up to $500,000 in GICs, excluding interest earned.
• *EQ Bank GICs are non-redeemable.
• For GIC terms of less than one year, simple interest is calculated on a per diem basis and paid at maturity. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. For GIC terms of over one year, not including 15 and 27 month terms, interest is calculated on a per annum basis and paid either annually (simple interest) or at maturity (compounded annually).
• For GIC terms of 15 and 27 months, interest is calculated on a per annum basis, compounded annually and paid solely at maturity. In all cases, interest is accrued for the entire GIC term.
• Maximum 20 GICs per customer. Per GIC investment limit of $100,000. Aggregate GIC investment limit of $500,000.
• Rates are calculated on a per annum basis and are subject to change at any time.
• Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

Saven Financial Non-Redeemable 6 Month GIC

4.6

NerdWallet rating

Interest rate

2.75%

As of March 18, 2026

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Minimum deposit

$1,000

NerdWallet's take

• Saven Financial’s registered and non-registered GICs come in 6-month and 1- to 5-year terms with competitive interest rates.
• Saven Financial is a online division of FirstOntario Credit Union. The credit union offers attractive perks and interest rates on savings accounts and GICs. Not available to Quebec residents.

Product details

• Both registered and non-registered GICs are non-redeemable.
• For non-registered GICs, choose to receive the interest annually in your savings account or reinvest in your GIC account.
• For registered GICs, choose to receive interest payout annually in the same registered account as your investment or reinvest the interest for another term.
• Banking services are not available in Quebec.
• Eligible deposits covered under the Financial Services Regulatory -Authority of Ontario’s (FSRA) deposit insurance program.

Tangerine 6 Month GIC

4.8

NerdWallet rating

Interest rate

2.65%

As of March 18, 2026

---

Minimum deposit

$0

NerdWallet's take

• Tangerine's non-redeemable GICs are available in short and long terms and can be included in registered plans, including TFSAs, RRSPs, and RRIFs.
• Tangerine is a subsidiary of Scotiabank and offers chequing and savings accounts, GICS, registered accounts, credit cards, mortgages, loans and investment products. Read our review of Tangerine Bank for more information.

Product details

• Offered in 1-5 year terms, as well as in 90-day, 180-day, 270-day, 1.5-year terms.
• RSP, Tax-Free, US$ and RIF Guaranteed Investments are also available.
• Lock in your savings for one of the set terms and start earning a great interest rate.
• You’ll have 30 days from the purchase or re-investment date to cancel the new GIC.
• No monthly fee.
• Protected by the Canada Deposit Insurance Corporation (CDIC).

CIBC Bonus Rate 6 Month GIC — Non-registered (Non-Redeemable)

4.7

NerdWallet rating

Interest rate

2.50%

As of March 18, 2026

---

Minimum deposit

$1,000

NerdWallet's take

• CIBC GICs typically offer competitive interest rates, flexible access to your funds, and a wide range of term options.
• CIBC is a full-service multinational financial institution and one of the Big Six banks in Canada. Read our review for more details.

Product details

• The CIBC Bonus Rate GIC is available in non-registered and registered accounts. Those saving for a long-term goal, such as retirement, may want to consider a registered account for tax benefits.
• This GIC is non-redeemable and an ideal fit for those who prefer predictable earnings and don't need access to their money before the end of the term.
• GIC terms may vary based on type of accounts. Available accounts include RRSP, TFSA, RRIF and LIF.
• For terms of one year or more, choose simple interest, which is calculated and paid monthly, semi-annually or annually, or compound interest, which is calculated annually and paid at maturity.
• Investors have the option to automatically renew the GIC when it matures or deposit principal and interest into their bank account.
• GICs are eligible for CDIC coverage to a maximum of $100,000.

Coast Capital Savings Non-Redeemable 6 Month GIC

4.8

NerdWallet rating

Interest rate

2.50%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Coast Capital short to medium-term GICs come with a generous rate of return and occasional introductory offers for new members.
• Coast Capital is a Federal Credit Union providing personal and business banking, mortgage, auto finance and wealth management services to its members. Coast Capital has been certified as a B Corp® since 2018 for its commitment to social and environmental performance practices.

Product details

• Non-redeemable GICs available in non-registered and registered accounts such as an RRSP, RRIF, RESP or TFSA.
• GICs available in short to medium-terms from 30 days to 7 years.
• Interest rates are calculated annually, accrued daily, and paid at maturity.
• Eligible deposits (including interest) equivalent to $100,000 CAD per deposit category are insured by CDIC.

Laurentian Bank of Canada 180 Day GIC

4.8

NerdWallet rating

Interest rate

2.50%

As of March 18, 2026

---

Minimum deposit

$500

NerdWallet's take

• Laurentian Bank has been serving individuals and businesses for over 175 years. The bank also offers personal finance solutions through LBC Digital.
• Laurentian Bank of Canada, also known as Laurentian Bank, offers GICs flexible terms ranging from 90 days to 10 years, with competitive interest rates on registered and non-registered plans.

Product details

• Both your return and initial investment are 100% guaranteed over a fixed period.
• Flexible terms range from 90 days to 10 years.
• Minimum investments start at $500.
• Investments are non-cashable.
• Simple interest paid at maturity for short-term investments of less than 2 years.
• Medium and long-term from 2 to 10 years come with the option of simple or compound interest. Simple interest is paid annually. Compound interest is compounded annually and paid at maturity.
• Eligible for registered plans such as TFSA, RRSP, RRIF, LIRA and LIF.
• GICs are eligible for CDIC deposit insurance, up to a maximum of $100,000 per deposit insurance category, per member institution.

EQ Bank Non-registered 9 Month GIC

4.9

NerdWallet rating

Interest rate

2.85%

As of March 26, 2026

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Minimum deposit

$100

NerdWallet's take

• Each EQ Bank GIC starts with a minimum deposit of $100, making it convenient for a new investor to explore these GICs at a competitive fixed rate.
• EQ Bank, a trademark of Equitable Bank, is an online bank based in Toronto that offers chequing and savings accounts, GICs and registered plans. Read our review of EQ Bank for more information.

Product details

• Non-registered and non-redeemable.
• Must have an EQ savings account in order to get an EQ GIC.
• When the term ends and your GIC reaches the maturity date, the funds will be placed in your Savings Plus Account (the one from which your initial investment was funded). You will receive an email or SMS alert notifying you of the GIC maturity.
• Term options range from 3-months to 10-years. You’re the one in charge of your savings, that includes choosing whether short or long term GICs are right for you.
• RSP and TFSA GICs are also available. Before you buy, you’ll need to open an RSP Savings Account or TFSA Savings Account.
• GIC options let you lock in any of our amazing rates, so no matter what happens, that rate is yours.
• Low minimum deposit. So you can start investing in GICs with as little as $100.
• You choose how your interest is paid out, either at maturity or annually.
• A GIC in seconds. As long as you have available funds in your Savings Plus Account, you can literally buy a GIC in seconds.
• You can buy up to 20 GICs. Each GIC purchase must be for at least $100, and can be up to a maximum of $100,000. Customers can hold up to $500,000 in GICs, excluding interest earned.
• *EQ Bank GICs are non-redeemable.
• For GIC terms of less than one year, simple interest is calculated on a per diem basis and paid at maturity. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. For GIC terms of over one year, not including 15 and 27 month terms, interest is calculated on a per annum basis and paid either annually (simple interest) or at maturity (compounded annually).
• For GIC terms of 15 and 27 months, interest is calculated on a per annum basis, compounded annually and paid solely at maturity. In all cases, interest is accrued for the entire GIC term.
• Maximum 20 GICs per customer. Per GIC investment limit of $100,000. Aggregate GIC investment limit of $500,000.
• Rates are calculated on a per annum basis and are subject to change at any time.
• Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

Tangerine 9 Month GIC

4.8

NerdWallet rating

Interest rate

2.85%

As of March 18, 2026

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Minimum deposit

$0

NerdWallet's take

• Tangerine's non-redeemable GICs are available in short and long terms and can be included in registered plans, including TFSAs, RRSPs, and RRIFs.
• Tangerine is a subsidiary of Scotiabank and offers chequing and savings accounts, GICS, registered accounts, credit cards, mortgages, loans and investment products. Read our review of Tangerine Bank for more information.

Product details

• Offered in 1-5 year terms, as well as in 90-day, 180-day, 270-day, 1.5-year terms.
• RSP, Tax-Free, US$ and RIF Guaranteed Investments are also available.
• Lock in your savings for one of the set terms and start earning a great interest rate.
• You’ll have 30 days from the purchase or re-investment date to cancel the new GIC.
• No monthly fee.
• Protected by the Canada Deposit Insurance Corporation (CDIC).

Coast Capital Savings Non-Redeemable 9 Month GIC

4.8

NerdWallet rating

Interest rate

2.80%

As of March 18, 2026

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Minimum deposit

$500

NerdWallet's take

• Coast Capital short to medium-term GICs come with a generous rate of return and occasional introductory offers for new members.
• Coast Capital is a Federal Credit Union providing personal and business banking, mortgage, auto finance and wealth management services to its members. Coast Capital has been certified as a B Corp® since 2018 for its commitment to social and environmental performance practices.

Product details

• Non-redeemable GICs available in non-registered and registered accounts such as an RRSP, RRIF, RESP or TFSA.
• GICs available in short to medium-terms from 30 days to 7 years.
• Interest rates are calculated annually, accrued daily, and paid at maturity.
• Eligible deposits (including interest) equivalent to $100,000 CAD per deposit category are insured by CDIC.

Home Trust 9 Month GIC

5.0

NerdWallet rating

Interest rate

2.70%

As of March 18, 2026

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Minimum deposit

$1,000

NerdWallet's take

• Home Trust Company is a wholly owned subsidiary of Home Capital Group Inc., a public company traded on the Toronto Stock Exchange under the symbol HCG. Home Trust, and its subsidiary Home Bank, are federally regulated financial institutions. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.
• Home Trust GICs are fixed-rate deposits that come in short and long-term options. They can be included in retirement savings plans, tax-free savings accounts, and retirement income funds. Most GICs are non-redeemable, but a 1-year cashable GIC is also available.

Product details

• Non-registered and registered GICs.
• Term options include 1-year cashable, short-term deposits (30-59 days to 270-364 days), and long term deposits (1-year to 5-years).
• Home Trust Bank provides a range of Guaranteed Investment Certificates (GICs) and a High Interest Savings Account (HISA) for both personal and commercial needs, offering guaranteed returns and competitive rates. In addition, each deposit is available through either Home Trust Company or Home Bank, both of which are separate members of the Canada Deposit Insurance Corporation (CDIC).

Oaken Financial 9 Month GIC

5.0

NerdWallet rating

Interest rate

2.70%

As of March 18, 2026

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Minimum deposit

$1,000

NerdWallet's take

• Oaken GICs offer choice through competitive rates for a variety of terms and types, such as short-term, long-term and cashable GICs available for both registered and non-registered plans, plus security with CDIC coverage as per applicable limits.
• Oaken Financial is backed by Home Bank and powered by Home Trust Company and offers a digital app and online banking services for HISAs and GICs.

Product details

• Non-registered and non-redeemable.
• When the term ends, Oaken will follow the instructions you provide on what you want to do with your investment at maturity. This can include redeeming the GIC and depositing the funds into the account of your choice, or automatically renewing the GIC for the same term and at the current interest rate.
• Term options range from 30 days to 5 years, and are available as cashable and non-cashable GICs.
• All Oaken GICs are eligible for inclusion in government registered accounts, including Registered Savings Plans (RSP), Tax Free Savings Accounts (TFSA) and Retirement Income Funds (RIF).
• Oaken GICs offer choice, flexibility and security with non-registered GICs.
• Flexible payment schedules. Choose the interest payment schedule that suits your needs best – whether that’s monthly, semi-annually, annually or at maturity.
• Select from two issuers: Home Bank and Home Trust Company, both of which are separate members of CDIC.
• Deposit a little or a lot: The minimum deposit is $1,000.
• Oaken GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage, up to applicable limits.

Partner Spotlight

EQ Bank Non-registered GIC

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on EQ Bank's website

Compare top GIC rates this week

Financial institutions do not present term lengths the same way, and some banks prefer to use days instead of months to indicate the term length of the guaranteed investment certificate (GIC). Some offers are province-specific.

Top short-term GIC rates in Canada as of Mar. 25, 2026. (Scroll to compare rates across terms by institution.)

Benefits to look for in a short-term GIC

NerdWallet evaluates and selects short-term GICs based on their overall value. We prefer GICs with:

Drawbacks to be aware of in a short-term GIC

Although GICs are generally reliable investment solutions, watch out for these potential drawbacks:

How to choose the right short-term GIC for you

Consider this checklist to find the short-term GIC that suits your financial goals:

✅ Banking preferences: Would you prefer a GIC from your current bank or explore options at other financial institutions? Online banks typically offer better rates but may lack services you get with traditional banks.  

✅ GIC features: Which bank or credit union offers the best short-term GIC rate for the term of choice? Check if the minimum balance requirements and interest payment terms favourable your financial situation.

✅ Deposit insurance: Are your deposits protected? If your provider is a Canadian Deposit Insurance Corporation (CDIC) member, it may cover up to $100,000 per eligible account. Credit union members get up to $250,000 of deposit coverage through the province or territory’s regulatory authority.

See how much your GIC could grow

While long-term GICs earn compounding interest — interest on your principal investment plus any interest you’ve already earned — short-term GICs do not. Instead, you’ll only earn interest on your principal investment, so you’ll need to use simple interest to calculate the rate of return.

Additionally, confirm the term deposit’s actual date range so you can accurately calculate the return you can expect to earn on your investment.

How to buy a GIC

Purchasing a GIC from your current bank or a new financial institution, such as a trust company, broker or online discount brokerage usually involves:

If you’re new to the process and need assistance, a bank advisor can help you set up your account and purchase GICs.

Documents required to open a GIC account

Anyone who meets the legal age in the province or territory of residence and has funds ready to deposit can start investing in a GIC. To open a GIC account, you’ll need:

Alternatives to fixed-rate GICs

If you’re looking for more flexibility or potentially higher returns, consider these alternatives:

GIC alternatives

Here are other types of fixed-income products and equities to consider: