GIC Rates

Top 1 to 5 Year GIC Rates as of 24 November 2014
Name of Issuer Cashable Term Annual
Rate
Annual
Compound Rate
Semi-Annual
Rate
Monthly
Rate
*BANK OF MONTREAL After 30 Days 1 YR 1.150% N/A       N/A      N/A
*BANK OF MONTREAL MORTGAGE CORP After 30 Days 1 YR 1.150% N/A       N/A      N/A
*BMO TRUST After 30 Days 1 YR 1.150% N/A       N/A      N/A
EQUITABLE BANK N/A 1 YR 1.810% N/A       1.770%      1.720%
HOME TRUST CO. N/A 1 YR 1.700% N/A       1.650%      1.600%
VANCITY*** N/A 1 YR 1.700% N/A       1.600%      1.500%
EQUITABLE BANK N/A 2 YR 1.980% 1.980%       1.940%      1.890%
MONTREAL TST CDA N/A 2 YR 1.980% 1.980%       1.905%      1.855%
HSBC BANK N/A 2 YR 1.950% 1.950%       N/A      1.700%
LAURENTIAN BANK N/A 2 YR 1.950% 1.950%       1.700%      1.575%
ROYAL BANK OF CDA N/A 2 YR 1.950% 1.950%       1.825%      1.825%
LAURENTIAN BANK N/A 3 YR 2.100% 2.100%       1.850%      1.725%
EQUITABLE BANK N/A 3 YR 2.080% 2.080%       2.040%      1.990%
MONTREAL TST CDA N/A 3 YR 2.080% 2.080%       2.005%      1.955%
MONTREAL TST CDA N/A 4 YR 2.310% 2.310%       2.235%      2.185%
HSBC BANK N/A 4 YR 2.300% 2.300%       N/A      2.050%
LAURENTIAN BANK N/A 4 YR 2.300% 2.300%       2.050%      1.925%
ROYAL BANK OF CDA N/A 4 YR 2.300% 2.300%       2.175%      2.175%
MONTREAL TST CDA N/A 5 YR 2.560% 2.560%       2.485%      2.435%
HSBC BANK N/A 5 YR 2.550% 2.550%       N/A      2.300%
LAURENTIAN BANK N/A 5 YR 2.550% 2.550%       2.300%      2.175%
NATIONAL BANK N/A 5 YR 2.550% 2.550%       2.400%      2.300%

* Fully cashable (with accrued interest) after the specified number of days from the date of purchase. Non-BMO** cashable GICs may require a longer holding period than the specified number of days from the date of purchase in order for the accrued interest to be payable. Please note that issuers do not include settlement date in their calculation of accrued interest.
** BMO Trust Company and Bank of Montreal Mortgage Corp. are wholly-owned subsidiaries of Bank of Montreal and members of the BMO Financial Group.
*** Vancity GICs are not eligible for deposit insurance coverage by the Canadian Deposit Insurance Corporation (CDIC) but they are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.