Best 5-Year Non-registered GIC Rates

Rates subject to change, updated:

Whether you’re looking for a short-term redeemable GIC or long-term non-redeemable GIC, you’ve come to the right place. We shop and compare all financial institutions, to bring you a list of the best GIC rates in Canada. Find the non-registered GIC product that best serves your needs and we’ll help you open it.

Did you know that rates differ significantly between financial institutions, and within the various channels / methods where you purchase? Browse our Education Centre to learn about the GICs that best suit your saving needs.

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Location Please ensure your location is correct in order to find the best rates available in your area.
Note: CDIC (a federal Crown Corporation) covers eligible deposits up to a maximum of $100,000 (principal and interest combined) per depositor per member institution. Visit CDIC.ca to learn more.

Update results

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Location Please ensure your location is correct in order to find the best rates available in your area.
Note: CDIC (a federal Crown Corporation) covers eligible deposits up to a maximum of $100,000 (principal and interest combined) per depositor per member institution. Visit CDIC.ca to learn more.

Update results

Hit enter or click outside the box to refresh your results
Location Please ensure your location is correct in order to find the best rates available in your area.
Note: CDIC (a federal Crown Corporation) covers eligible deposits up to a maximum of $100,000 (principal and interest combined) per depositor per member institution. Visit CDIC.ca to learn more.

Update results

Hit enter or click outside the box to refresh your results
Location Please ensure your location is correct in order to find the best rates available in your area.
Note: CDIC (a federal Crown Corporation) covers eligible deposits up to a maximum of $100,000 (principal and interest combined) per depositor per member institution. Visit CDIC.ca to learn more.
Rate Provider CDIC insured How to buy Total return
2.71% Yes Various $677.50 Get this rate Get more details
2.75% Yes Open an account $687.50 Get this rate Get more details
[min-return-title] View details Yes No How to buy
Get this rate

About Oaken Financial

Oaken Financial provides banking alternatives as a direct-to-consumer business. Its parent company, Home Trust, is Canada’s largest independent trust company. The company provides premium GIC rates. Oaken’s GICs can be purchased online, over the phone, or at one of its branches. Currently, Oaken Financial has branches in Toronto, Vancouver, Calgary and Halifax.


Oaken Financial's GIC rates

Oaken Financial currently offers the highest rates on non-registered GICs, which can be purchased by opening an account. The GIC term lengths vary between 30 days and 5 years. If you want to receive the interest before maturity, you can choose whether you want interest payments to be made to you monthly, semi-annually or annually. Lastly, the investment in any non-registered GIC must be at least $1,000. Oaken also offers cashable GICs, which offer slightly lower rates than its non-redeemable GICs. Additionally, you can also purchase registered GICs in a registered retirement income fund (RRIF), tax-free savings account (TFSA), or registered retirement savings plan (RRSP). These registered GICs also have competitive rates but the minimum investment increases to $2,500.


Compare other Oaken Financial products

Not only does Oaken Financial offer the most competitive non-registered GIC rates, but it also provides premium savings rates through the Oaken Savings Account.


Get the best GIC rates

While Oaken Financial offers high interest rates on non-registered GICs, you may be interested in learning more about GICs from other Canadian GIC providers. You can view a variety of provider rates with the Ratehub.ca GIC comparison tool and see how Oaken Financial’s rates compare with its competitors.


Best GIC Providers