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Best USD GIC Rates

Filter GIC Rates



In Canada, some financial institutions offer the ability to invest in the currency of U.S that is the dollar. It is important to find out and compare the different rates offered by banks for the best choice.

193 Results Updated: January 3, 2020

0.02%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.05%

Interest Rate

1 Month

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

0.05%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.05%

Interest Rate

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.05%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.05%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.10%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.10%

Interest Rate

6 Months

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.10%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.10%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.15%

Interest Rate

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

0.15%

Interest Rate

9 Months

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.15%

Interest Rate

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.15%

Interest Rate

3 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.20%

Interest Rate

1 Year

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.20%

Interest Rate

3 Months

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

0.20%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.20%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.20%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.20%

Interest Rate

6 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.20%

Interest Rate

4 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.20%

Interest Rate

1 Month

Term

$5,000

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.25%

Interest Rate

4 Months

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

0.25%

Interest Rate

9 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.30%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.30%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.30%

Interest Rate

6 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.30%

Interest Rate

1 Month

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.35%

Interest Rate

6 Months

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

0.35%

Interest Rate

6 Months

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.35%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.35%

Interest Rate

3 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.35%

Interest Rate

9 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.35%

Interest Rate

1 Year

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.35%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: Cashable GIC

0.40%

Interest Rate

3 Months

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.40%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.40%

Interest Rate

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.40%

Interest Rate

9 Months

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.40%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.40%

Interest Rate

Term

$5,000

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.45%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

0.45%

Interest Rate

9 Months

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

0.45%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Semi-Annually
Type: -

0.45%

Interest Rate

6 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.45%

Interest Rate

9 Months

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.45%

Interest Rate

2 Years

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.50%

Interest Rate

2 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

0.50%

Interest Rate

6 Months

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.50%

Interest Rate

2 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Semi-Annually
Type: -

0.50%

Interest Rate

3 Months

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.50%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution: 
Institution Type:
Interest Rate Compounded: Annually
Type: -

0.50%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.50%

Interest Rate

3 Years

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.50%

Interest Rate

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.50%

Interest Rate

3 Months

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.50%

Interest Rate

3 Months

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

0.55%

Interest Rate

9 Months

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.55%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Semi-Annually
Type: -

0.55%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.55%

Interest Rate

4 Months

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.60%

Interest Rate

3 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

0.60%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: Cashable GIC

0.60%

Interest Rate

6 Months

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.60%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.60%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.60%

Interest Rate

6 Months

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.65%

Interest Rate

9 Months

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.65%

Interest Rate

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.70%

Interest Rate

4 Years

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.75%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.80%

Interest Rate

4 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

0.80%

Interest Rate

2 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: Cashable GIC

0.80%

Interest Rate

4 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Semi-Annually
Type: -

0.85%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

0.85%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

0.85%

Interest Rate

6 Months

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Semi-Annually
Type: -

0.90%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: Cashable GIC

0.95%

Interest Rate

3 Months

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.95%

Interest Rate

4 Months

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

0.95%

Interest Rate

3 Months

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.00%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.00%

Interest Rate

1 Year

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.00%

Interest Rate

4 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: Cashable GIC

1.00%

Interest Rate

3 Years

Term

$500

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.00%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.00%

Interest Rate

6 Months

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.00%

Interest Rate

5 Years

Term

$5,000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.00%

Interest Rate

4 Months

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.00%

Interest Rate

3 Months

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

1.10%

Interest Rate

5 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

1.10%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Semi-Annually
Type: -

1.10%

Interest Rate

9 Months

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.10%

Interest Rate

6 Months

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.10%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.10%

Interest Rate

9 Months

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.15%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.15%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.15%

Interest Rate

9 Months

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.20%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution: 
Institution Type:
Interest Rate Compounded: Annually
Type: -

1.20%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.25%

Interest Rate

1 Year

Term

$5,000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded:
Type: -

1.25%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.25%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.25%

Interest Rate

2 Years

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.40%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.40%

Interest Rate

1 Year

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.40%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.45%

Interest Rate

7 Years

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.45%

Interest Rate

1 Year

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.50%

Interest Rate

2 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.50%

Interest Rate

2 Years

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.50%

Interest Rate

2 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.50%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.50%

Interest Rate

4 Years

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.51%

Interest Rate

9 Months

Term

$2,000

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Monthly
Type: -

1.54%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution: 
Institution Type:
Interest Rate Compounded: Annually
Type: -

1.60%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.60%

Interest Rate

2 Years

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.60%

Interest Rate

3 Years

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.60%

Interest Rate

5 Years

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.65%

Interest Rate

3 Years

Term

$500

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.65%

Interest Rate

1 Year

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.70%

Interest Rate

7 Years

Term

$1000

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.75%

Interest Rate

2 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.75%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.75%

Interest Rate

6 Months

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

1.80%

Interest Rate

4 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.80%

Interest Rate

3 Years

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.85%

Interest Rate

4 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.85%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.95%

Interest Rate

2 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

1.95%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.00%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.00%

Interest Rate

5 Years

Term

$500

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.00%

Interest Rate

3 Years

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.00%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.00%

Interest Rate

4 Years

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.00%

Interest Rate

9 Months

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.05%

Interest Rate

7 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.10%

Interest Rate

2 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.10%

Interest Rate

4 Years

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.10%

Interest Rate

4 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.15%

Interest Rate

3 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.15%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.15%

Interest Rate

10 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.20%

Interest Rate

3 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.20%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.20%

Interest Rate

5 Years

Term

$5,000

Minimum Investment

Institution:  HSBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.20%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.20%

Interest Rate

5 Years

Term

$2,000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.25%

Interest Rate

4 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.25%

Interest Rate

6 Months

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.30%

Interest Rate

7 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.31%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Scotiabank
Institution Type: National Bank
Interest Rate Compounded: Daily
Type: -

2.33%

Interest Rate

3 Months

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Daily
Type: -

2.35%

Interest Rate

6 Months

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Daily
Type: -

2.38%

Interest Rate

9 Months

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Daily
Type: -

2.40%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.40%

Interest Rate

1 Year

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.40%

Interest Rate

10 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.40%

Interest Rate

9 Months

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.45%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.45%

Interest Rate

2 Years

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.50%

Interest Rate

5 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.50%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.50%

Interest Rate

3 Years

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.50%

Interest Rate

1 Year

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.55%

Interest Rate

1 Year

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.55%

Interest Rate

5 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

2.55%

Interest Rate

4 Years

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.60%

Interest Rate

5 Years

Term

$100

Minimum Investment

Institution:  EQ Bank
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.60%

Interest Rate

1 Year

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.65%

Interest Rate

2 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.70%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.70%

Interest Rate

3 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.75%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.75%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

2.75%

Interest Rate

4 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.80%

Interest Rate

5 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

2.90%

Interest Rate

2 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

3.00%

Interest Rate

2 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

3.00%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  BMO – Bank of Montreal
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

3.00%

Interest Rate

5 Years

Term

$500

Minimum Investment

Institution:  CIBC
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

3.00%

Interest Rate

3 Years

Term

$1000

Minimum Investment

Institution:  RBC Royal Bank
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

3.00%

Interest Rate

3 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

3.00%

Interest Rate

1.5 Years

Term

$100

Minimum Investment

Institution:  motusbank
Institution Type: Credit Union
Interest Rate Compounded: -
Type: -

3.10%

Interest Rate

4 Years

Term

$500

Minimum Investment

Institution:  Alterna
Institution Type: Credit Union
Interest Rate Compounded: Annually
Type: -

3.10%

Interest Rate

4 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

3.10%

Interest Rate

1.5 Years

Term

$100

Minimum Investment

Institution:  motusbank
Institution Type: Credit Union
Interest Rate Compounded: -
Type: -

3.20%

Interest Rate

5 Years

Term

No Minimum

Minimum Investment

Institution:  Tangerine
Institution Type: Online Bank
Interest Rate Compounded: Annually
Type: -

3.25%

Interest Rate

5 Years

Term

$100

Minimum Investment

Institution:  motusbank
Institution Type: Credit Union
Interest Rate Compounded: -
Type: -

3.55%

Interest Rate

5 Years

Term

$1000

Minimum Investment

Institution:  TD Canada Trust
Institution Type: National Bank
Interest Rate Compounded: Annually
Type: -

What are foreign currencies GICs?

A foreign currency GIC allows you to access currency of the country in question with still bearing an interest. In Canada, one can invest in the Yen of Japan, the pound of Britain, Euro and the dollar of U.S. However, the latter dominates the GICs.

Why invest in foreign currency GICs?

A GIC of an external currency allows you to access currency of the country that it is associated with, if in future its need arises, and an interest is earned when it is invested. However, foreign currencies GICs are nowhere found in the travelers’ list. Both U.S. and Canadian dollars are followed by the majority of investors and should you suspect a significant decline in the Canadian Dollar in future, as a result of the decline, you would get a profit if you would invest in U.S. dollar GIC. Therefore, diversification of your cash and preservation your power to purchase would be possible via the addition of an external currency GIC to your investment selection.

Are there any drawbacks to investing in foreign currency GICs?

Here are some of the things you should22 consider when choosing to invest in foreign currencies;

  1. CDIC insurance does not cover the external currency GICs hence, no guarantee of getting the money back.
  2. The rates on currency GICs of foreign nature can be minimal, in comparison to GICs from Canada.
  3. The banks sell the investments and a high rate and buys at a low rate hence diminishing your returns
  4. For the U.S. GICs and term deposits are not offered within registered accounts.
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