GIC rates Canada

Invest in a Bridgewater Bank Guaranteed Investment Certificate (GIC) and watch your money grow. Bridgewater Bank offers leading GIC rates Canada wide. The rates shown below are calculated on a per annum basis and effective as of today. Our rates were last changed on August 8, 2019. Interest rates are subject to change at any time without prior notice.

Long-term rates

Interest calculated and paid option(s)1 year18 mths2 years3 years4 years5 years
Compounded annually and paid at maturity*2.19%/2.24%2.27%2.28%2.30%
Compounded at one year and paid at maturity2.20%
Minimum deposit $5,000


Short-term rates

Interest calculated and paid option(s)180-269 days270-364 days
At maturity1.55%1.59%
Minimum deposit $5,000

*On GICs having terms of one year or longer, interest is calculated daily on the principal amount and is either paid monthly, annually, or compounded annually and paid on maturity at the option of the customer as identified on their application. Monthly paid interest option available at a rate of 0.25% lower than annual rates.
†On GICs having terms of less than one year, interest is calculated daily on the principal amount and is paid on maturity.


GIC features

  • No fees
  • Competitive interest rates
  • CDIC eligible deposits
  • Terms from 180 days up to 5 years – you choose!
  • Fixed interest throughout your term
  • Non-registered
  • Non-redeemable
  • Minimum investment of $5,000
  • Personal deposits only


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Complete the short form below and a deposit broker from our external preferred partner will be in touch within 1 business day to discuss your investment options.

Privacy Policy

More information about GIC accounts

  • Joint deposit accounts

    Information about joint deposit accounts

    A joint account is a bank account that two or more people share ownership of. Each of the account owners can manage the funds in the account or withdraw funds from it, regardless of who deposited the money into it.

    Important things to know about joint accounts

    • As a joint account holder, you share equal access to the account. You also share responsibility for all transactions made through the account. In most cases (unless you state otherwise), the other account holder(s) are able to make transactions without your consent.
    • All Bridgewater Bank joint accounts are set up with the right of survivorship. This means that if one of the account holders dies, the surviving account holder becomes the owner of the account with the right to deposit, withdraw and manage the funds in the account.
    • In the event that an account holder wants to remove their name from the account, the account will be closed and reopened in the name(s) of the remaining account holder(s) with a new account number.
    • You are responsible, both jointly and individually, for all transactions, obligations and service charges relating to the account. Bridgewater Bank can disclose your account information to any joint account holder.

    Learn more about joint accounts from the Financial Consumer Agency of Canada.

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