GIC Rates

Top 1 to 5 Year GIC Rates as of 10 February 2016
Name of Issuer Cashable Term Annual
Rate
Annual
Compound Rate
Semi-Annual
Rate
Monthly
Rate
*BANK OF MONTREAL After 30 Days 1 YR 0.700% N/A       N/A      N/A
*BANK OF MONTREAL MORTGAGE CORP After 30 Days 1 YR 0.700% N/A       N/A      N/A
*BMO TRUST After 30 Days 1 YR 0.700% N/A       N/A      N/A
HOME TRUST CO. N/A 1 YR 1.450% N/A       1.400%      1.350%
CDN WESTERN BK N/A 1 YR 1.440% N/A       N/A      1.190%
CDN WESTERN BK N/A 2 YR 1.770% 1.770%       N/A      1.520%
LAURENTIAN BANK N/A 2 YR 1.770% 1.770%       1.520%      1.395%
BANK OF MONTREAL N/A 2 YR 1.610% 1.610%       1.510%      1.460%
BANK OF MONTREAL MORTGAGE CORP N/A 2 YR 1.610% 1.610%       1.510%      1.460%
BMO TRUST N/A 2 YR 1.610% 1.610%       1.510%      1.460%
CDN WESTERN BK N/A 3 YR 1.860% 1.860%       N/A      1.610%
LAURENTIAN BANK N/A 3 YR 1.860% 1.860%       1.610%      1.485%
NATIONAL BANK N/A 3 YR 1.860% 1.860%       1.710%      1.610%
HSBC BANK N/A 3 YR 1.800% 1.800%       N/A      1.550%
HOMEQUITY BANK N/A 4 YR 1.960% 1.960%       1.920%      1.870%
LAURENTIAN BANK N/A 4 YR 1.960% 1.960%       1.710%      1.585%
NATIONAL BANK N/A 4 YR 1.960% 1.960%       1.810%      1.710%
CDN WESTERN BK N/A 4 YR 1.950% 1.950%       N/A      1.700%
HSBC BANK N/A 4 YR 1.950% 1.950%       N/A      1.700%
NATIONAL BANK N/A 5 YR 2.260% 2.260%       2.110%      2.010%
HSBC BANK N/A 5 YR 2.250% 2.250%       N/A      2.000%

* 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.