Question 1

What are National Bank’s GIC rates?

Accepted Answer

1 year: 3.15%; 2 years: 3.55%; 5 years: 4.00%. Read from National Bank’s own rate page.

Question 2

Are National Bank GICs insured?

Accepted Answer

CDIC member: eligible deposits are insured up to $100,000 per insured category (for example, separately for TFSAs and RRSPs). Deposits held by: National Bank of Canada.

Question 3

What is the minimum deposit for a National Bank GIC?

Accepted Answer

$500, according to National Bank’s rate page.

Question 4

How do National Bank’s GIC rates compare with the big banks?

Accepted Answer

1 year: 0.37 points more than the big five banks’ average (2.78%); 2 years: 0.62 points more than the big five banks’ average (2.93%); 5 years: 0.76 points more than the big five banks’ average (3.24%).

Term	Rate	Rank	Best rate we track	$10,000 at maturity
1-year	3.15%	#7 of 14	4.05% (WealthONE Bank)	$10,315
2-year	3.55%	#8 of 14	4.30% (WealthONE Bank)	$10,723
3-year	Not shown	—	4.40% (WealthONE Bank)	—
4-year	Not shown	—	4.45% (WealthONE Bank)	—
5-year	4.00%	#8 of 15	4.55% (WealthONE Bank)	$12,167

National Bank GIC rates

GIC products

Rates by term

Compared with the big five banks

At a glance