Best WealthONE GIC Rates (September 2026)
While it’s not one of the most recognizable names in Canadian banking, WealthONE Bank of Canada competes heavily for deposits and offers some of the best GIC rates in Canada.
WealthONE GIC Rates
Rates below apply to non-registered GICs and registered GICs held in TFSAs and RRSPs and are accurate as of September 9, 2026.
Term | Interest Rate |
|---|---|
1 year | 3.70% |
18 months | 3.90% |
2 years | 3.95% |
3 years | 4.05% |
4 years | 4.10% |
5 years | 4.30% |
All WealthONE GICs are non-redeemable and have a minimum investment of $1,000.
| Account | NerdWallet rating | Interest rate | Apply Now |
|---|---|---|---|
| WealthONE Bank of Canada 1 Year GIC | APPLY NOW on WealthONE's website | ||
 APPLY NOW on WealthONE's website | 4.4/5 | 3.70% | |
| WealthONE Bank of Canada 2 Year GIC | APPLY NOW on WealthONE's website | ||
APPLY NOW on WealthONE's website | 4.4/5 | 3.90% | |
| WealthONE Bank of Canada 3 Year GIC | APPLY NOW on WealthONE's website | ||
APPLY NOW on WealthONE's website | 4.3/5 | 4.05% | |
| WealthONE Bank of Canada 4 Year GIC | APPLY NOW on WealthONE's website | ||
APPLY NOW on WealthONE's website | 4.3/5 | 4.10% | |
| WealthONE Bank of Canada 5 Year GIC | APPLY NOW on WealthONE's website | ||
APPLY NOW on WealthONE's website | 4.3/5 | 4.30% | |
WealthONE GIC fast facts
Terms from 1 year to 5 years available
Minimum deposit of $1,000 on all GICs
Registered and non-registered GICs available
GICs automatically renew at maturity unless instructed otherwise
Funds must be deposited from / redeemed to a WealthONE savings account
Eligible for CDIC insurance
Not available to residents of Quebec
About WealthONE Bank of Canada
WealthONE Bank of Canada was founded in 2016 to serve Chinese Canadians. The bank offers customer service in English, Hindi, Mandarin, Cantonese, Punjabi and Bengali.
The bank is Canadian-owned and is a party to many industry associations which includes membership in the Canadian Deposit Insurance Corporation (CDIC).
For investors, WealthONE offers high-interest savings accounts, GICs and online investing. The bank’s investment products are available in both registered (RRSP, TFSA) and non-registered accounts. Borrowers can also access the bank’s mortgages and lines of credit.
Is WealthONE Bank of Canada safe?
As a federally chartered schedule 1 bank, WealthONE Bank of Canada is subject to strict rules and regulations and is held to the same standards as Canada’s biggest banks like RBC and TD. It’s backed by the Canadian Deposit Insurance Corporation, which insures your savings for up to $100,000. It would be nearly impossible to lose money by investing in a WealthONE GIC.
Pros and cons of WealthONE GICs
Like all financial products, WealthONE GICs have upsides and downsides.
Pros
- Terms from 1 year to 5 years available
- Some of the best GIC interest rates in Canada
- Get the same rates for registered GICs as non-registered GICs
- Can be purchased and redeemed online
- Eligible for CDIC insurance
Cons
- No short-term GICs available
- No redeemable GIC options
- No USD GIC options
- No market-linked or other specialty GIC options
- Registered accounts limited to RRSP and TFSA only
- $1,000 minimum investment
- Not available to residents of Quebec
Should I invest in a WealthONE GIC?
You should invest in a WealthONE GIC if it makes sense for you. Consider:
Related: Compare GIC Rates in Canada for 2026: Best 1- to 5-Year GICs
Frequently asked questions
Is WealthONE a safe bank?
WealthONE Bank of Canada is entirely safe. It’s a federally chartered schedule 1 bank and is subject to the same strict rules and regulations as Canada’s biggest banks. Deposits held by WealthONE are covered by CDIC insurance, which is backed by the Government of Canada.
Which Canadian bank pays the highest interest on GICs?
GIC rates change frequently and no single bank offers the highest interest on GICs. For the latest information on GIC rates, take a look at our page: Compare GIC Rates in Canada for 2026: Best 1- to 5-Year GICs
Who owns Wealth One Bank of Canada?
A consortium of investors led by telecommunications company Globalive owns Wealth One Bank of Canada.
WealthONE GIC fast facts
Terms from 1 year to 5 years available
Minimum deposit of $1,000 on all GICs
Registered and non-registered GICs available
GICs automatically renew at maturity unless instructed otherwise
Funds must be deposited from / redeemed to a WealthONE savings account
Eligible for CDIC insurance
Not available to residents of Quebec
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Siddhi Bagwe