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GIC Rates
Tuesday October 20, 2020 09:31:18 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 BankTD1M0.550TD1S0.550TD1A0.550n/an/a
TD $U.S. GICn/an/an/an/aTDMUA0.150n/an/a
Bank of Nova ScotiaBNS1M0.475BNS1S0.525BNS1A0.600n/an/a
Bank of MontrealBOM1M0.100BOM1S0.150BOM1A0.250n/an/a
B2B BankB2B1M0.225B2B1S0.350B2B1A0.600n/an/a
Canadian Tire BankCDT1M0.050CDT1S0.150CDT1A0.250n/an/a
Canadian Western BankCWB1M0.300n/an/aCWB1A0.550n/an/a
DUO BANKDUO1M0.200DUO1S0.300DUO1A0.400n/an/a
Equitable BankEQB1M0.660EQB1S0.710EQB1A0.750n/an/a
HomeEquity BankHEB1M0.510HEB1S0.560HEB1A0.600n/an/a
HSBC Trust CompanyHSBM0.000n/an/aHSB1A0.250n/an/a
Laurentian Bank of CanadaLBA1M0.225LBA1S0.350LBA1A0.600n/an/a
Manulife BankML1M0.250ML1S0.300ML1A0.350n/an/a
PC BankPCB1M0.100PCB1S0.150PCB1A0.200n/an/a
Royal Bank of CanadaRBC1M0.250RBC1S0.250RBC1A0.250n/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 BankTDM2M0.600TDM2S0.600TDM2A0.600TDM2C0.600
TD $U.S. GICn/an/an/an/aTDMUA0.250n/an/a
Bank of Nova ScotiaBNS2M0.525BNS2S0.575BNS2A0.650BNS2C0.650
Bank of MontrealBOM2M0.450BOM2S0.500BOM2A0.600BOM2C0.600
B2B BankB2B2M0.425B2B2S0.550B2B2A0.800B2B2C0.800
Canadian Tire BankCDT2M0.300CDT2S0.400CDT2A0.500CDT2C0.500
Canadian Western BankCWB2M0.350n/an/aCWB2A0.600CWB2C0.600
DUO BANKDUO2M0.450DUO2S0.550DUO2A0.650DUO2C0.650
Equitable BankEQB2M0.820EQB2S0.870EQB2A0.910EQB2C0.910
HomeEquity BankHEB2M0.610HEB2S0.660HEB2A0.700HEB2C0.700
HSBC Trust CompanyHSB2M0.250n/an/aHSB2A0.500HSB2C0.500
Laurentian Bank of CanadaLBA2M0.425LBA2S0.550LBA2A0.800LBA2C0.800
Manulife BankML2M0.550ML2S0.600ML2A0.650ML2C0.650
PC BankPCB2M0.350PCB2S0.400PCB2A0.450PCB2C0.450
Royal Bank of CanadaRBC2M0.648RBC2S0.649RBC2A0.650RBC2C0.650

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3 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTDM3M0.650TDM3S0.650TDM3A0.650TDM3C0.650
TD $U.S. GICn/an/an/an/aTDMUA0.350n/an/a
Bank of Nova ScotiaBNS3M0.625BNS3S0.675BNS3A0.750BNS3C0.750
Bank of MontrealBOM3M0.550BOM3S0.600BOM3A0.700BOM3C0.700
B2B BankB2B3M0.525B2B3S0.650B2B3A0.900B2B3C0.900
Canadian Tire BankCDT3M0.400CDT3S0.500CDT3A0.600CDT3C0.600
Canadian Western BankCWB3M0.450n/an/aCWB3A0.700CWB3C0.700
DUO BANKDUO3M0.500DUO3S0.600DUO3A0.700DUO3C0.700
Equitable BankEQB3M0.930EQB3S0.980EQB3A1.020EQB3C1.020
HomeEquity BankHEB3M0.660HEB3S0.710HEB3A0.750HEB3C0.750
HSBC Trust CompanyHSB3M0.350n/an/aHSB3A0.600HSB3C0.600
Laurentian Bank of CanadaLBA3M0.525LBA3S0.650LBA3A0.900LBA3C0.900
Manulife BankML3M0.700ML3S0.750ML3A0.800ML3C0.800
PC BankPCB3M0.450PCB3S0.500PCB3A0.550PCB3C0.550
Royal Bank of CanadaRBC3M0.747RBC3S0.749RBC3A0.750RBC3C0.750

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4 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD4M0.750TD4S0.750TD4A0.750TD4C0.750
TD $U.S. GICn/an/an/an/aTDMUA0.450n/an/a
Bank of Nova ScotiaBNS4M0.725BNS4S0.775BNS4A0.850BNS4C0.850
Bank of MontrealBOM4M0.650BOM4S0.700BOM4A0.800BOM4C0.800
B2B BankB2B4M0.645B2B4S0.770B2B4A1.020B2B4C1.020
Canadian Tire BankCDT4M0.500CDT4S0.600CDT4A0.700CDT4C0.700
Canadian Western BankCWB4M0.550n/an/aCWB4A0.800CWB4C0.800
DUO BANKDUO4M0.700DUO4S0.800DUO4A0.900DUO4C0.900
Equitable BankEQB4M1.010EQB4S1.060EQB4A1.100EQB4C1.100
HomeEquity BankHEB4M0.860HEB4S0.910HEB4A0.950HEB4C0.950
HSBC Trust CompanyHSB4M0.450n/an/aHSB4A0.700HSB4C0.700
Laurentian Bank of CanadaLBA4M0.645LBA4S0.770LBA4A1.020LBA4C1.020
Manulife BankML4M0.800ML4S0.850ML4A0.900ML4C0.900
PC BankPCB4M0.550PCB4S0.600PCB4A0.650PCB4C0.650
Royal Bank of CanadaRBC4M0.847RBC4S0.848RBC4A0.850RBC4C0.850

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5 Year GIC's
  Monthly Semi-Annual Annual Compound Annual
Issuer Symbol rate Symbol rate Symbol rate Symbol rate
TD BankTD5M0.800TD5S0.800TD5A0.800TD5C0.800
TD $U.S. GICn/an/an/an/aTDMUA0.550n/an/a
Bank of Nova ScotiaBNS5M0.825BNS5S0.875BNS5A0.950BNS5C0.950
Bank of MontrealBOM5M0.750BOM5S0.800BOM5A0.900BOM5C0.900
B2B BankB2B5M0.815B2B5S0.940B2B5A1.190B2B5C1.190
Canadian Tire BankCDT5M0.950CDT5S1.050CDT5A1.150CDT5C1.150
Canadian Western BankCWB5M0.650n/an/aCWB5A0.900CWB5C0.900
DUO BANKDUO5M0.850DUO5S0.950DUO5A1.050DUO5C1.050
Equitable BankEQB5M1.240EQB5S1.290EQB5A1.330EQB5C1.330
HomeEquity BankHEB5M1.210HEB5S1.260HEB5A1.300HEB5C1.300
HSBC Trust CompanyHSB5M0.550n/an/aHSB5A0.800HSB5C0.800
Laurentian Bank of CanadaLBA5M0.815LBA5S0.940LBA5A1.190LBA5C1.190
Manulife BankML5M1.000ML5S1.050ML5A1.100ML5C1.100
PC BankPCB5M0.900PCB5S0.950PCB5A1.000PCB5C1.000
Royal Bank of CanadaRBC5M0.946RBC5S0.948RBC5A0.950RBC5C0.950

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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 MontrealBOM6M0.850BOM6S0.900BOM6A1.000BOM6C1.000
Bank of MontrealBOM7M0.950BOM7S1.000BOM7A1.100BOM7C1.100
Bank of MontrealBO10M1.250BO10S1.300BO10A1.400BO10C1.400


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 BankTDM0.1500.1500.2500.2500.2500.250$5,000.00
TD $U.S. GICTDUBE0.0500.0500.1000.1000.1000.150$5,000.00
TD $U.S. GICTDUCE0.0500.0500.1000.1000.1000.150$25,000.00
TD $U.S. GICTDUDE0.0500.0500.1500.2000.2500.250$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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