GIC Rates

Top 1 to 5 Year GIC Rates as of 19 December 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
CDN WESTERN BK N/A 1 YR 1.710% N/A       N/A      1.460%
VANCITY*** N/A 1 YR 1.700% N/A       1.600%      1.500%
LAURENTIAN BANK N/A 2 YR 2.050% 2.050%       1.800%      1.675%
CDN WESTERN BK N/A 2 YR 2.010% 2.010%       N/A      1.760%
MONTREAL TST CDA N/A 2 YR 2.010% 2.010%       1.935%      1.885%
LAURENTIAN BANK N/A 3 YR 2.150% 2.150%       1.900%      1.775%
MONTREAL TST CDA N/A 3 YR 2.130% 2.130%       2.055%      2.005%
LAURENTIAN BANK N/A 4 YR 2.350% 2.350%       2.100%      1.975%
MONTREAL TST CDA N/A 4 YR 2.320% 2.320%       2.245%      2.195%
MONTREAL TST CDA N/A 5 YR 2.570% 2.570%       2.495%      2.445%
NATIONAL BANK N/A 5 YR 2.570% 2.570%       2.420%      2.320%
HSBC BANK N/A 5 YR 2.550% 2.550%       N/A      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.