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 per annum and subject to change without notice. Our rates were last changed on January 18, 2022, and are effective as of today.

Long-term GIC rates

1 year1 18 mths2 2 years1 3 years1 4 years1 5 years1
1.62% 1.67% 1.90% 2.19 2.35% 2.51%
Minimum deposit $5,000

Short-term GIC rates

180-269 days3 270-364 days3
0.55% 0.60%
Minimum deposit $5,000

Cashable GIC rates after 30 days4

1 year
Minimum deposit $5,000

1 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 at 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 the above indicated annual rates.
2 Interest is compounded at year one and paid at maturity.
3 On GICs having terms of less than one year, interest is calculated daily on the principal amount and is paid at maturity.

4 Interest is calculated daily on the principal amount and paid annually via EFT, or compounded annually and paid at maturity via EFT, at the option of the customer as identified on their application.

GIC features

  • No fees
  • Competitive interest rates
  • Canada Deposit Insurance Corporation (CDIC) eligible
  • Terms from 180 days up to 5 years – you choose
  • Fixed interest throughout your term
  • Non-registered
  • Personal deposits only
  • Short-term and long-term GICs are non-redeemable prior to maturity. Cashable GICs are cashable after 30 days of the date of issue

Need more information? Please review the Terms and Conditions for GICs.

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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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