Question 1

What are WealthONE Bank’s GIC rates?

Accepted Answer

1 year: 4.05%; 2 years: 4.30%; 3 years: 4.40%; 4 years: 4.45%; 5 years: 4.55%. Read from WealthONE Bank’s own rate page.

Question 2

Are WealthONE 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: Wealth One Bank of Canada.

Question 3

What is the minimum deposit for a WealthONE Bank GIC?

Accepted Answer

$1,000, according to WealthONE Bank’s rate page.

Question 4

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

Accepted Answer

1 year: 1.27 points more than the big five banks’ average (2.78%); 2 years: 1.37 points more than the big five banks’ average (2.93%); 3 years: 1.39 points more than the big five banks’ average (3.01%); 4 years: 1.35 points more than the big five banks’ average (3.10%); 5 years: 1.31 points more than the big five banks’ average (3.24%).

Term	Rate	Rank	Best rate we track	$10,000 at maturity
1-year	4.05%	#1 of 14	4.05% (WealthONE Bank)	$10,405
2-year	4.30%	#1 of 14	4.30% (WealthONE Bank)	$10,878
3-year	4.40%	#1 of 13	4.40% (WealthONE Bank)	$11,379
4-year	4.45%	#1 of 13	4.45% (WealthONE Bank)	$11,902
5-year	4.55%	#1 of 15	4.55% (WealthONE Bank)	$12,492

WealthONE Bank GIC rates

GIC products

Rates by term

Compared with the big five banks

At a glance