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GIC Rates
Monday August 3, 2020 09:31:02 AM GIC Long Term GIC Short Term GIC Minimum

This page is for information only. To place a trade on any one of the below listed GICs, please contact the TD Direct Investing Fixed Income desk at 1-888-983-2663 or 416-229-9936.


Long Term GICs


GIC Market Hours of Operation: 9:00AM - 4:00PM ET

Cut-off times for Early GIC Redemption requests:
Requests received before 2 p.m. ET - processed same day if approved.
Requests received after 2 p.m. ET - processed the following day if approved.

GICs cannot be sold prior to maturity, except the following:

  • TD 1 Year Cashable (CAD and US Dollar)
  • TD 3 Year Premium Rate Cashable GIC (Note: interest claw back will be applied)
  • 5 Year Stepper (on anniversary date ONLY)

For RIF Payments involving Flexi-GICs, RIF Department approval is required before sell requests can be processed.

Note: CDIC (basic deposit insurance coverage) applies to term deposits repayable no later than five years from the date of deposit


1 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD1M0.600TD1S0.600TD1A0.600n/an/a
TD $U.S. GICn/an/an/an/aTDMUA0.350n/an/a
Bank of Nova ScotiaBNS1M0.475BNS1S0.525BNS1A0.600n/an/a
Bank of MontrealBOM1M0.350BOM1S0.400BOM1A0.500n/an/a
B2B BankB2B1M0.125B2B1S0.250B2B1A0.500n/an/a
Canadian Tire BankCDT1M0.300CDT1S0.400CDT1A0.500n/an/a
Canadian Western BankCWB1M0.300n/an/aCWB1A0.550n/an/a
DUO BANKDUO1M0.250DUO1S0.350DUO1A0.450n/an/a
Equitable BankEQB1M0.540EQB1S0.590EQB1A0.630n/an/a
HomeEquity BankHEB1M0.460HEB1S0.510HEB1A0.550n/an/a
HSBC Trust CompanyHSBM0.300n/an/aHSB1A0.550n/an/a
Laurentian Bank of CanadaLBA1M0.125LBA1S0.250LBA1A0.500n/an/a
Manulife BankML1M0.450ML1S0.500ML1A0.550n/an/a
PC BankPCB1M0.300PCB1S0.350PCB1A0.400n/an/a
Royal Bank of CanadaRBC1M0.499RBC1S0.499RBC1A0.500n/an/a

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2 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTDM2M0.800TDM2S0.800TDM2A0.800TDM2C0.800
TD $U.S. GICn/an/an/an/aTDMUA0.450n/an/a
Bank of Nova ScotiaBNS2M0.645BNS2S0.695BNS2A0.770BNS2C0.770
Bank of MontrealBOM2M0.550BOM2S0.600BOM2A0.700BOM2C0.700
B2B BankB2B2M0.375B2B2S0.500B2B2A0.750B2B2C0.750
Canadian Tire BankCDT2M0.550CDT2S0.650CDT2A0.750CDT2C0.750
Canadian Western BankCWB2M0.450n/an/aCWB2A0.700CWB2C0.700
DUO BANKDUO2M0.450DUO2S0.550DUO2A0.650DUO2C0.650
Equitable BankEQB2M0.720EQB2S0.770EQB2A0.810EQB2C0.810
HomeEquity BankHEB2M0.660HEB2S0.710HEB2A0.750HEB2C0.750
HSBC Trust CompanyHSB2M0.500n/an/aHSB2A0.750HSB2C0.750
Laurentian Bank of CanadaLBA2M0.375LBA2S0.500LBA2A0.750LBA2C0.750
Manulife BankML2M0.650ML2S0.700ML2A0.750ML2C0.750
PC BankPCB2M0.550PCB2S0.600PCB2A0.650PCB2C0.650
Royal Bank of CanadaRBC2M0.598RBC2S0.599RBC2A0.600RBC2C0.600

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3 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTDM3M0.900TDM3S0.900TDM3A0.900TDM3C0.900
TD $U.S. GICn/an/an/an/aTDMUA0.500n/an/a
Bank of Nova ScotiaBNS3M0.725BNS3S0.775BNS3A0.850BNS3C0.850
Bank of MontrealBOM3M0.650BOM3S0.700BOM3A0.800BOM3C0.800
B2B BankB2B3M0.475B2B3S0.600B2B3A0.850B2B3C0.850
Canadian Tire BankCDT3M0.650CDT3S0.750CDT3A0.850CDT3C0.850
Canadian Western BankCWB3M0.600n/an/aCWB3A0.850CWB3C0.850
DUO BANKDUO3M0.600DUO3S0.700DUO3A0.800DUO3C0.800
Equitable BankEQB3M0.820EQB3S0.870EQB3A0.910EQB3C0.910
HomeEquity BankHEB3M0.760HEB3S0.810HEB3A0.850HEB3C0.850
HSBC Trust CompanyHSB3M0.600n/an/aHSB3A0.850HSB3C0.850
Laurentian Bank of CanadaLBA3M0.475LBA3S0.600LBA3A0.850LBA3C0.850
Manulife BankML3M0.750ML3S0.800ML3A0.850ML3C0.850
PC BankPCB3M0.600PCB3S0.650PCB3A0.700PCB3C0.700
Royal Bank of CanadaRBC3M0.698RBC3S0.699RBC3A0.700RBC3C0.700

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4 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD4M0.950TD4S0.950TD4A0.950TD4C0.950
TD $U.S. GICn/an/an/an/aTDMUA0.700n/an/a
Bank of Nova ScotiaBNS4M0.875BNS4S0.925BNS4A1.000BNS4C1.000
Bank of MontrealBOM4M0.800BOM4S0.850BOM4A0.950BOM4C0.950
B2B BankB2B4M0.625B2B4S0.750B2B4A1.000B2B4C1.000
Canadian Tire BankCDT4M0.800CDT4S0.900CDT4A1.000CDT4C1.000
Canadian Western BankCWB4M0.750n/an/aCWB4A1.000CWB4C1.000
DUO BANKDUO4M0.750DUO4S0.850DUO4A0.950DUO4C0.950
Equitable BankEQB4M0.930EQB4S0.980EQB4A1.020EQB4C1.020
HomeEquity BankHEB4M0.910HEB4S0.960HEB4A1.000HEB4C1.000
HSBC Trust CompanyHSB4M0.750n/an/aHSB4A1.000HSB4C1.000
Laurentian Bank of CanadaLBA4M0.625LBA4S0.750LBA4A1.000LBA4C1.000
Manulife BankML4M0.900ML4S0.950ML4A1.000ML4C1.000
PC BankPCB4M0.700PCB4S0.750PCB4A0.800PCB4C0.800
Royal Bank of CanadaRBC4M0.797RBC4S0.798RBC4A0.800RBC4C0.800

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5 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD5M1.000TD5S1.000TD5A1.000TD5C1.000
TD $U.S. GICn/an/an/an/aTDMUA1.000n/an/a
Bank of Nova ScotiaBNS5M0.975BNS5S1.025BNS5A1.100BNS5C1.100
Bank of MontrealBOM5M0.900BOM5S0.950BOM5A1.050BOM5C1.050
B2B BankB2B5M0.725B2B5S0.850B2B5A1.100B2B5C1.100
Canadian Tire BankCDT5M1.200CDT5S1.300CDT5A1.400CDT5C1.400
Canadian Western BankCWB5M0.850n/an/aCWB5A1.100CWB5C1.100
DUO BANKDUO5M0.800DUO5S0.900DUO5A1.000DUO5C1.000
Equitable BankEQB5M1.180EQB5S1.230EQB5A1.270EQB5C1.270
HomeEquity BankHEB5M1.320HEB5S1.370HEB5A1.410HEB5C1.410
HSBC Trust CompanyHSB5M0.850n/an/aHSB5A1.100HSB5C1.100
Laurentian Bank of CanadaLBA5M0.725LBA5S0.850LBA5A1.100LBA5C1.100
Manulife BankML5M1.000ML5S1.050ML5A1.100ML5C1.100
PC BankPCB5M1.100PCB5S1.150PCB5A1.200PCB5C1.200
Royal Bank of CanadaRBC5M0.896RBC5S0.898RBC5A0.900RBC5C0.900

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6, 7, 10 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
Bank of MontrealBOM6M1.050BOM6S1.100BOM6A1.200BOM6C1.200
Bank of MontrealBOM7M1.150BOM7S1.200BOM7A1.300BOM7C1.300
Bank of MontrealBO10M1.400BO10S1.450BO10A1.550BO10C1.550


Short Term GICs top


Issuer Symbol 30-59 days 60-89 days 90-119 days 120-179 days 180-269 days 270-364 days Minimum
TD BankTDM0.2000.2500.3500.4000.5500.550$5,000.00
TD $U.S. GICTDUBE0.0500.1500.1500.2000.2500.250$5,000.00
TD $U.S. GICTDUCE0.1000.1500.1500.2000.2500.250$25,000.00
TD $U.S. GICTDUDE0.1000.1500.1500.2000.2500.250$100,000.00


GIC Minimums top


Issuer Monthly Semi-Annual Annual Compound Annual
TD Bankn/an/a$1,000.00$1,000.00
TD Mortgage Corp$5,000.00$1,000.00$1,000.00$1,000.00
TD Pacific Mtg Corp$5,000.00$1,000.00$1,000.00$1,000.00
Canada Trust Company$5,000.00$1,000.00$1,000.00$1,000.00
Bank of Nova Scotia$5,000.00$1,000.00$1,000.00$1,000.00
Bank of Montreal$1,000.00$1,000.00$1,000.00$1,000.00
B2B Bank$10,000.00$1,000.00$1,000.00$1,000.00
Canadian Tire Bank$5,000.00$5,000.00$5,000.00$5,000.00
Canadian Western Bank$5,000.00$5,000.00$5,000.00$5,000.00
DUO BANK$3,500.00$3,500.00$3,500.00n/a
Equitable Bank$1,000.00$1,000.00$1,000.00$1,000.00
HomeEquity Bank$5,000.00$5,000.00$5,000.00$5,000.00
HSBC Trust Company$5,000.00n/a$5,000.00$5,000.00
Laurentian Bank of Canada$10,000.00$1,000.00$1,000.00$1,000.00
Manulife Bank$10,000.00$2,500.00$2,500.00$2,500.00
PC Bank$500.00$500.00$500.00n/a
Royal Bank of Canada$5,000.00$5,000.00$5,000.00$5,000.00

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