Scotiabank GIC rates

GIC products

• Non-redeemable GIC: 1-year 2.45%, 2-year 2.50%, 3-year 2.60%, 4-year 2.70%, 5-year 2.75%
• Cashable 1-year GIC: 1.90%
• Minimum deposit: $500

Rates by term

Term	Rate	Rank	Best rate we track	$10,000 at maturity
1-year	2.45%	#14 of 14	4.05% (WealthONE Bank)	$10,245
2-year	2.50%	#14 of 14	4.30% (WealthONE Bank)	$10,506
3-year	2.60%	#12 of 13	4.40% (WealthONE Bank)	$10,800
4-year	2.70%	#12 of 13	4.45% (WealthONE Bank)	$11,125
5-year	2.75%	#15 of 15	4.55% (WealthONE Bank)	$11,453

At a glance

Deposit protection: CDIC. Deposits held by The Bank of Nova Scotia.

Long-term non-redeemable, compounded or paid annually. Cashable: regular 1-year cashable GIC (after 30 days).

Source: https://www.scotiabank.com/ca/en/personal/rates-prices/gic-rates.html (checked 2026-11-11, rates effective 2026-11-12).

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