Haventree Bank GIC Rates (August 2026)
Haventree Bank is a new player in Canada’s GIC marketplace. Formerly a dedicated alternative mortgage lender, Haventree started offering bank accounts and GICs in July 2026.
Haventree’s GICs are:
Non-redeemable. Outside an initial 24-hour grace period, investments are locked up until maturity unless the GIC’s owner dies.
Of standard duration. Terms range from one month to five years.
Accessible. The minimum deposit is $100.
Haventree Bank GIC rates
Term | Interest Rate |
|---|---|
1 month | 0.20% |
2 months | 0.25% |
3 months | 2.50% |
6 months | 2.70% |
9 months | 2.85% |
1 year | 3.45% |
2 years | 4.00% |
3 years | 4.00% |
4 years | 4.03% |
5 years | 4.21% |
Compare Haventree Bank GICs
NerdWallet's take
NerdWallet's take- Founded in 1990, Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits.
- Haventree Bank’s GIC offers decent rates and is available through several investment and mutual fund advisors.
Product details
Product details- Non-registered and non-redeemable GICs are available with annual or semi-annual interest payments.
- Terms options range from 30-days to 60-months.
- Interest rates offered by Haventree Bank are updated frequently and changes can occur at any time.
- Rates are dependent on term and the frequency of payment.
- With variable terms, you can receive interest monthly, semi-annually or annually. For greater returns, interest can be compounded annually and paid out at maturity.
- Speak to one of Haventree’s financial advisors who'll recommend the right solutions for you.
- Deposits are eligible for deposit insurance from the CDIC.
NerdWallet's take
NerdWallet's take- Founded in 1990, Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits.
- Haventree Bank’s GIC offers decent rates and is available through several investment and mutual fund advisors.
Product details
Product details- Non-registered and non-redeemable GICs are available with annual or semi-annual interest payments.
- Terms options range from 30-days to 60-months.
- Interest rates offered by Haventree Bank are updated frequently and changes can occur at any time.
- Rates are dependent on term and the frequency of payment.
- With variable terms, you can receive interest monthly, semi-annually or annually. For greater returns, interest can be compounded annually and paid out at maturity.
- Speak to one of Haventree’s financial advisors who'll recommend the right solutions for you.
- Deposits are eligible for deposit insurance from the CDIC.
NerdWallet's take
NerdWallet's take- Founded in 1990, Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits.
- Haventree Bank’s GIC offers decent rates and is available through several investment and mutual fund advisors.
Product details
Product details- Non-registered and non-redeemable GICs are available with annual or semi-annual interest payments.
- Terms options range from 30-days to 60-months.
- Interest rates offered by Haventree Bank are updated frequently and changes can occur at any time.
- Rates are dependent on term and the frequency of payment.
- With variable terms, you can receive interest monthly, semi-annually or annually. For greater returns, interest can be compounded annually and paid out at maturity.
- Speak to one of Haventree’s financial advisors who'll recommend the right solutions for you.
- Deposits are eligible for deposit insurance from the CDIC.
NerdWallet's take
NerdWallet's take- Founded in 1990, Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits.
- Haventree Bank’s GIC offers decent rates and is available through several investment and mutual fund advisors.
Product details
Product details- Non-registered and non-redeemable GICs are available with annual or semi-annual interest payments.
- Terms options range from 30-days to 60-months.
- Interest rates offered by Haventree Bank are updated frequently and changes can occur at any time.
- Rates are dependent on term and the frequency of payment.
- With variable terms, you can receive interest monthly, semi-annually or annually. For greater returns, interest can be compounded annually and paid out at maturity.
- Speak to one of Haventree’s financial advisors who'll recommend the right solutions for you.
- Deposits are eligible for deposit insurance from the CDIC.
NerdWallet's take
NerdWallet's take- Founded in 1990, Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits.
- Haventree Bank’s GIC offers decent rates and is available through several investment and mutual fund advisors.
Product details
Product details- Non-registered and non-redeemable GICs are available with annual or semi-annual interest payments.
- Terms options range from 30-days to 60-months.
- Interest rates offered by Haventree Bank are updated frequently and changes can occur at any time.
- Rates are dependent on term and the frequency of payment.
- With variable terms, you can receive interest monthly, semi-annually or annually. For greater returns, interest can be compounded annually and paid out at maturity.
- Speak to one of Haventree’s financial advisors who'll recommend the right solutions for you.
- Deposits are eligible for deposit insurance from the CDIC.
Methodology
BACK TO TOPHaventree GIC fast facts
No registered account purchases. Haventree does not currently offer RRSP, TFSA or FHSA GICs.
Standard interest calculation. Interest is based on a fixed annual rate over a 365-day year. For terms longer than a year, interest can be paid or compounded at regular intervals.
Two renewal options. At the end of term, you can automatically renew, or get paid out your principal and interest.
CDIC protection. Haventree’s GICs are insured up to a maximum value of $100,000.
Should you buy a GIC from Haventree Bank?
There aren’t many banks in Canada offering 4% on two-, three- or four-year terms, so some of Haventree’s long-term GICs are quite appealing.
The only sticking point is that they’re non-redeemable. Before purchasing one, you should be reasonably sure that any money you put in won’t be needed mid-term.
That’s less of a concern with redeemable GICs, which you can find elsewhere.
How to buy a Haventree Bank GIC
Before you can purchase a Haventree GIC, you’ll need a Haventree account. To be eligible to open an account, you must:
Be the age of majority in your province or territory.
Be a Canadian resident.
Have a valid Social Insurance Number.
Only pay taxes in Canada.
Have a valid Canadian phone number.
Signing up for an account might take a few minutes. Have your SIN and any documents that might be needed to confirm your identity handy.
Once you’re a client, you should be able to purchase GICs through your bank account either online or through the bank’s app. You can also buy Haventree’s GICs through a deposit broker, but the minimum deposit is $5,000.
Weigh your options
Always compare GIC offers from multiple banks before deciding where to park your money. NerdWallet's roundup of the best GIC rates in Canada can help you do just that.
DIVE EVEN DEEPER
Siddhi Bagwe