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GIC Rates
Friday October 18, 2019 09:31:00 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 BankTD1M2.100TD1S2.100TD1A2.100n/an/a
TD $U.S. GICn/an/an/an/aTDMUA0.350n/an/a
Bank of Nova ScotiaBNS1M2.005BNS1S2.055BNS1A2.130n/an/a
Bank of MontrealBOM1M1.980BOM1S2.030BOM1A2.130n/an/a
B2B BankB2B1M1.725B2B1S1.850B2B1A2.100n/an/a
Canadian Tire BankCDT1M1.650CDT1S1.750CDT1A1.850n/an/a
Canadian Western BankCWB1M1.880n/an/aCWB1A2.130n/an/a
Equitable BankEQB1M2.070EQB1S2.120EQB1A2.160n/an/a
HomeEquity BankHEB1M2.010HEB1S2.060HEB1A2.100n/an/a
HSBC Trust CompanyHSBM1.810n/an/aHSB1A2.060n/an/a
Laurentian Bank of CanadaLBA1M1.725LBA1S1.850LBA1A2.100n/an/a
Manulife BankML1M1.800ML1S1.850ML1A1.900n/an/a
Royal Bank of CanadaRBC1M1.995RBC1S1.995RBC1A2.120n/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 BankTDM2M1.900TDM2S1.900TDM2A1.900TDM2C1.900
TD $U.S. GICn/an/an/an/aTDMUA0.450n/an/a
Bank of Nova ScotiaBNS2M2.045BNS2S2.095BNS2A2.170BNS2C2.170
Bank of MontrealBOM2M2.020BOM2S2.070BOM2A2.170BOM2C2.170
B2B BankB2B2M1.845B2B2S1.970B2B2A2.220B2B2C2.220
Canadian Tire BankCDT2M1.700CDT2S1.800CDT2A1.900CDT2C1.900
Canadian Western BankCWB2M1.920n/an/aCWB2A2.170CWB2C2.170
Equitable BankEQB2M2.170EQB2S2.220EQB2A2.260EQB2C2.260
HomeEquity BankHEB2M1.800HEB2S1.850HEB2A1.890HEB2C1.890
HSBC Trust CompanyHSB2M1.800n/an/aHSB2A2.050HSB2C2.050
Laurentian Bank of CanadaLBA2M1.845LBA2S1.970LBA2A2.220LBA2C2.220
Manulife BankML2M1.760ML2S1.810ML2A1.860ML2C1.860
Royal Bank of CanadaRBC2M2.025RBC2S2.025RBC2A2.150RBC2C2.150

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3 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTDM3M1.900TDM3S1.900TDM3A1.900TDM3C1.900
TD $U.S. GICn/an/an/an/aTDMUA0.500n/an/a
Bank of Nova ScotiaBNS3M2.045BNS3S2.095BNS3A2.170BNS3C2.170
Bank of MontrealBOM3M2.030BOM3S2.080BOM3A2.180BOM3C2.180
B2B BankB2B3M1.865B2B3S1.990B2B3A2.240B2B3C2.240
Canadian Tire BankCDT3M1.750CDT3S1.850CDT3A1.950CDT3C1.950
Canadian Western BankCWB3M1.940n/an/aCWB3A2.190CWB3C2.190
Equitable BankEQB3M2.180EQB3S2.230EQB3A2.270EQB3C2.270
HomeEquity BankHEB3M1.810HEB3S1.860HEB3A1.900HEB3C1.900
HSBC Trust CompanyHSB3M1.810n/an/aHSB3A2.060HSB3C2.060
Laurentian Bank of CanadaLBA3M1.865LBA3S1.990LBA3A2.240LBA3C2.240
Manulife BankML3M1.850ML3S1.900ML3A1.950ML3C1.950
Royal Bank of CanadaRBC3M2.035RBC3S2.035RBC3A2.160RBC3C2.160

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4 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD4M1.900TD4S1.900TD4A1.900TD4C1.900
TD $U.S. GICn/an/an/an/aTDMUA0.700n/an/a
Bank of Nova ScotiaBNS4M2.065BNS4S2.115BNS4A2.190BNS4C2.190
Bank of MontrealBOM4M2.050BOM4S2.100BOM4A2.200BOM4C2.200
B2B BankB2B4M1.885B2B4S2.010B2B4A2.260B2B4C2.260
Canadian Tire BankCDT4M1.800CDT4S1.900CDT4A2.000CDT4C2.000
Canadian Western BankCWB4M1.950n/an/aCWB4A2.200CWB4C2.200
Equitable BankEQB4M2.210EQB4S2.260EQB4A2.300EQB4C2.300
HomeEquity BankHEB4M2.130HEB4S2.180HEB4A2.220HEB4C2.220
HSBC Trust CompanyHSB4M1.820n/an/aHSB4A2.070HSB4C2.070
Laurentian Bank of CanadaLBA4M1.885LBA4S2.010LBA4A2.260LBA4C2.260
Manulife BankML4M1.900ML4S1.950ML4A2.000ML4C2.000
Royal Bank of CanadaRBC4M1.965RBC4S2.055RBC4A2.180RBC4C2.180

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5 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD5M1.900TD5S1.900TD5A1.900TD5C1.900
TD $U.S. GICn/an/an/an/aTDMUA1.000n/an/a
Bank of Nova ScotiaBNS5M2.155BNS5S2.205BNS5A2.280BNS5C2.280
Bank of MontrealBOM5M2.140BOM5S2.190BOM5A2.290BOM5C2.290
B2B BankB2B5M1.925B2B5S2.050B2B5A2.300B2B5C2.300
Canadian Tire BankCDT5M2.150CDT5S2.250CDT5A2.350CDT5C2.350
Canadian Western BankCWB5M1.960n/an/aCWB5A2.210CWB5C2.210
Equitable BankEQB5M2.270EQB5S2.320EQB5A2.360EQB5C2.360
HomeEquity BankHEB5M2.200HEB5S2.250HEB5A2.290HEB5C2.290
HSBC Trust CompanyHSB5M1.850n/an/aHSB5A2.100HSB5C2.100
Laurentian Bank of CanadaLBA5M1.925LBA5S2.050LBA5A2.300LBA5C2.300
Manulife BankML5M2.100ML5S2.150ML5A2.200ML5C2.200
Royal Bank of CanadaRBC5M2.145RBC5S2.145RBC5A2.270RBC5C2.270

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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 MontrealBOM6M2.170BOM6S2.220BOM6A2.320BOM6C2.320
Bank of MontrealBOM7M2.200BOM7S2.250BOM7A2.350BOM7C2.350
Bank of MontrealBO10M2.250BO10S2.300BO10A2.400BO10C2.400


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 BankTDM1.6501.6801.7201.7501.9502.000$5,000.00
TD $U.S. GICTDUBE0.5500.6500.7500.8000.8000.800$5,000.00
TD $U.S. GICTDUCE0.6000.7000.8000.8500.8500.850$25,000.00
TD $U.S. GICTDUDE0.6500.8000.8500.9000.9000.900$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
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
Royal Bank of Canada$5,000.00$5,000.00$5,000.00$5,000.00

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