GICRateCompare.com
1-year GICs

1-Year GIC Rates in Canada

One-year GICs offer the shortest fixed term compared through GICRateCompare.com. Compare available one-year options and confirm current rates before committing funds.

Last updated: August 18, 2026 · Reviewed by GICRateCompare editorial team

Compare GIC OptionsView all GIC rates

GICRateCompare.com is free for consumers. We may receive compensation from participating providers, deposit brokers or representatives when users connect with them through our service.

Fixed-term options currently under review

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.

Rates last reviewed: August 18, 2026All options shown are fixed-term, non-redeemable GICs.
Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.
GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.
How we collect and verify rates
Available through participating provider
Trust Company · Non-redeemable
4.95%
Fixed · indicative
1 year
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Who a 1-year term may suit

  • Savers who want a known return without locking funds away for several years.
  • People holding a lump sum for a planned expense roughly twelve months away.
  • Anyone starting a GIC ladder who wants a rung maturing each year.

What to consider before locking in for 1 year

  • Interest is generally paid at maturity or annually, depending on the product.
  • Short terms leave you exposed to whatever rates are available at renewal.
  • Minimum deposit requirements still apply on shorter terms.

How this term is compared

Each 1-year option shown carries the term, indicative rate, minimum deposit, account eligibility, province availability and the date the rate information was last verified.

Rates that have not been reviewed within the last two weeks are flagged for reconfirmation, and where no reliable figure is available the option is shown as "rate available on request" rather than estimated.

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market, but they are not offered through this service.

Common questions

Can I access my money before a 1-year GIC matures?

Fixed-term, non-redeemable GICs generally require funds to remain invested until maturity. If you may need access before then, a shorter term or a laddered approach may be more appropriate.

Is the 1-year rate shown guaranteed?

No. Rates displayed on this site are indicative and subject to change. The rate, eligibility and product terms must be confirmed with the issuing institution before any funds are placed.

Can a 1-year GIC be held in a registered account?

Registered eligibility varies by product and provider. Each listing shows the account types the option may be available for, and eligibility is confirmed before an application proceeds.

Where a suitable option is identified, a participating provider, deposit broker or licensed representative may contact you to discuss available GIC options.

Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.

Compare GIC OptionsHow we review rates
Free review · No obligation
Check Current Options