EQ Bank GIC rates

GIC products

• Non-redeemable GIC: 1-year 3.70%, 2-year 4.15%, 3-year 4.15%, 4-year 4.20%, 5-year 4.30%
• Minimum deposit: $100

Rates by term

Term	Rate	Rank	Best rate we track	$10,000 at maturity
1-year	3.70%	#3 of 14	4.05% (WealthONE Bank)	$10,370
2-year	4.15%	#3 of 14	4.30% (WealthONE Bank)	$10,847
3-year	4.15%	#3 of 13	4.40% (WealthONE Bank)	$11,297
4-year	4.20%	#3 of 13	4.45% (WealthONE Bank)	$11,789
5-year	4.30%	#4 of 15	4.55% (WealthONE Bank)	$12,343

Compared with the big five banks

• 1-year: 0.92 points above the big five banks' average (2.78%)
• 2-year: 1.22 points above the big five banks' average (2.93%)
• 3-year: 1.14 points above the big five banks' average (3.01%)
• 4-year: 1.10 points above the big five banks' average (3.10%)
• 5-year: 1.06 points above the big five banks' average (3.24%)

At a glance

Deposit protection: CDIC. Deposits held by Equitable Bank.

Non-redeemable. Same rates in TFSA, RRSP and FHSA. Also 3, 6 and 9 months, 15 and 27 months, and 6 to 10 years.

Source: https://www.eqbank.ca/personal-banking/gics (checked 2026-11-11).

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