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Reference rates Rate%Effective date Bank of Canada Overnight Target Rate 3.250% bank_of_canada_rate_date CAD Scotiabank Reference Rate* cad_bns_rate December 12, 2024 US Federal Funds Target Rate** usd_fed_rate usd_fed_rate_date USD Scotiabank Reference Rate* usd_bns_rate December 19, 202...
Top HISA rates in Canada These HISAs also offer higher-than-average rates as of Feb. 12, 2025. But unlike the accounts featured in our picks for best HISA, some of these HISAs are limited to residents of a single province. (Scroll horizontally to see more details about each HISA.) Sav...
Mortgage rates Loans and lines of credit rates Personal bank account rates Business bank account rates GIC rates CIBC Business GIC Rates TFSA rates RRSP rates RRIF and LIF rates Mutual fund rates Exchange Traded Fund (ETF) Rates of Return FHSA rates Service...
If you’re holding on to an older GIC, however, you may not benefit because many GICs are not redeemable. If you locked into a five-year GIC when interest rates were much lower, then your investment will underperform when compared to newly-issued GICs. Bonds and bond funds Higher rates ...
Editor's Note: On Wednesday, January 29, the Bank of Canada reduced the overnight rate by 25 bps. This rate cut could lower GIC and savings account interest rates. NerdWallet will update this page as more information becomes available. Understanding what interest is, how it works and what ...
Products & Rates Fixed GICs A Guaranteed Investment Certificate (GIC or Term Deposit) is a secure investment and a great option if you’re seeking predictable and guaranteed interest growth. FIXED GIC BASICS: WHAT YOU NEED TO KNOW Deposits including accrued interest to date of payout are100% ...
Rates as of Business bank accounts CIBC Business InvestmentGrowth Account® The CIBC Business Investment Growth Account offers the opportunity to earn a competitive rate of return on surplus funds while maintaining full liquidity. It’s the perfect complement to your business operating account and pro...
Other Criteria for Judging Canada’s Best Saving Accounts for 2025 While EQ is head and shoulders above the field when it comes to ease of use, customer service, and high interest savings account rates, as well asthe best GIC rates, those aren’t the only criteria one should use when cho...