GIC Rates

Top 1 to 5 Year GIC Rates as of 06 July 2020
Name of Issuer Cashable Term Annual
Rate
Annual
Compound Rate
Semi-Annual
Rate
Monthly
Rate
*BANK OF MONTREAL After 30 Days 1 YR 0.250% N/A       N/A      N/A
*BANK OF MONTREAL MORTGAGE CORP After 30 Days 1 YR 0.250% N/A       N/A      N/A
*BMO TRUST After 30 Days 1 YR 0.250% N/A       N/A      N/A
*BANK OF MONTREAL After 90 Days 2 YR 0.500% N/A       N/A      N/A
*BANK OF MONTREAL MORTGAGE CORP After 90 Days 2 YR 0.500% N/A       N/A      N/A
*BMO TRUST After 90 Days 2 YR 0.500% N/A       N/A      N/A
*BANK OF MONTREAL After 180 Days 3 YR 0.500% N/A       N/A      N/A
*BANK OF MONTREAL MORTGAGE CORP After 180 Days 3 YR 0.500% N/A       N/A      N/A
*BMO TRUST After 180 Days 3 YR 0.500% N/A       N/A      N/A
SUN LIFE FINANCIAL N/A 1 YR 1.000% N/A       N/A      0.900%
EQUITABLE BANK N/A 1 YR 0.920% N/A       0.880%      0.830%
EQUITABLE BANK N/A 2 YR 1.110% 1.110%       1.070%      1.020%
CDN WESTERN BK N/A 2 YR 1.100% 1.100%       N/A      0.850%
EQUITABLE BANK N/A 3 YR 1.160% 1.160%       1.120%      1.070%
CDN WESTERN BK N/A 3 YR 1.150% 1.150%       N/A      0.900%
ICICI BANK N/A 3 YR 1.150% 1.150%       N/A      N/A
SBI CANADA BANK N/A 4 YR 1.350% 1.350%       N/A      N/A
EQUITABLE BANK N/A 4 YR 1.260% 1.260%       1.220%      1.170%
HAVENTREE BANK N/A 5 YR 1.510% 1.510%       1.410%      1.310%
CDN WESTERN BK N/A 5 YR 1.500% 1.500%       N/A      1.250%
HOMEQUITY BANK N/A 5 YR 1.500% 1.500%       1.460%      1.410%
SBI CANADA BANK N/A 5 YR 1.500% 1.500%       N/A      N/A

* 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 Canada Deposit Insurance Corporation (CDIC) but they are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.