Which Canadian bank offers the highest interest rates under the term deposits for 1 year29.12.2021

Bankchart.ca has surveyed the terms of term deposits for 1 year in the national currency. The survey covered all the deposits with any form of interests repayment, regardless of the replenishment option or the deposit partial withdrawal option. Our website's analysts have studied the loan offers from all Canadian banks, which place rates on their websites. Review date - 29.12.2021

As of 13 December 2021 the deposits under review have been offered by 13 banks.   The average interest rate under such deposits equals 0,40 % p.a. The total number of the deposits programs available for the specified terms is 50.

The maximal return among the deposits under review is offered by B2b Bank. The interest rate under "Guaranteed Investment Certificates (non-redeemable)" deposit program constitutes 1,20 % p.a. The table below shows the best offers by each bank selected by Bankchart.ca (in terms of profitability) for the aforementioned terms.

The TOP-13 term deposits for 1 year, as of 13 December 2021

#

Name

Interest Rate, %

1

1,20

interest rate, %

rate type

fixed

interest periodicity

annually, at maturity

minimum sum

$ 100,00

2

1,15

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 10 000,00

3

1,00

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 500,00

4

0,75

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 0,00

5

0,65

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 0,00

6

0,60

interest rate, %

rate type

fixed

interest periodicity

monthly

minimum sum

$ 500,00

7

0,60

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 0,00

8

0,40

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

9

0,40

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 100 000,00

10

0,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

11

0,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 500,00

12

0,25

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 0,00

13

0,10

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 5 000,00

To view the up-to-date rating of the deposits at our website here.

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