TD's GICs are popular with existing TD customers because of seamless integration with TD chequing and TD Direct Investing. Posted rates trail online banks by roughly 60–90 bps, but TD's special-offer GICs (often promoted around RRSP season) can close most of that gap.
| Term | Posted rate | $10,000 earns (term) |
|---|---|---|
| 1 Year | 2.70% | $270 |
| 2 Year | 2.80% | $568 |
| 3 Year | 2.75% | $848 |
| 5 Year | 3.10% | $1,649 |
Compound interest assumed annually. Always confirm posted rates directly with TD.
TD's GIC line-up is built around its retail banking moat: most TD GIC buyers already hold a TD chequing account or trade through TD Direct Investing, and the bank prices accordingly. Standard posted rates run 60–90 bps below EQ Bank depending on the term, but TD runs two reliable promotional windows each year — January–March (RRSP season) and September (back-to-savings) — when special-offer GICs at 25–50 bps above the standard rate appear. These specials are not always advertised on the public website; ask in-branch or via EasyLine for the current promo grid. TD's Special Offer GIC, Market Growth GIC (linked to a basket of Canadian banks/REITs/utilities), and US-dollar GIC round out the line-up. The Cashable GIC has a 30-day lock-in followed by full access at a fixed rate that's typically 1.25% below the non-cashable rate. Where TD beats every other Big Five bank is its FHSA GIC integration — TD was the second of the Big Five to launch FHSA GICs in 2023, and the booking flow inside TD Direct Investing is the cleanest of the bunch. For pure rate hunting, though, you're paying roughly $60–90 per $10,000 per year for the convenience versus EQ Bank — over a 5-year hold that's about $450 of foregone interest. TD Direct Investing also lets you book third-party GICs from Equitable Bank, Home Trust, B2B Bank, and ICICI Bank at the issuer's posted rate, which is the workaround savvy TD customers use when they want EQ-tier yield without leaving the TD ecosystem.
If pure rate is your priority, two CDIC-insured issuers post higher 1-year non-cashable rates than TD right now: EQ Bank at 3.30% (gap: +0.60%) and Oaken at 3.35% (gap: +0.65%). On a $25,000 5-year deposit, the difference vs. EQ Bank compounds to roughly $1,294 of extra interest.
TD's 1-year rate is 0.65 percentage points below the highest in our comparison (Oaken at 3.35%). Over a 5-year term on $10,000, you'd earn roughly $1,649 in interest at TD's posted rate. Use the full GIC rate comparison to see all 11 institutions side by side, or the compound interest calculator to model larger deposits.
The standard play is a GIC ladder: split your deposit across 1-, 2-, 3-, 4-, and 5-year terms so one matures every year. With TD, a $25,000 ladder ($5,000 per rung) produces roughly $568 in annual interest once fully built (using current 1-, 2-, 3-, and 5-year rates as a proxy).
Hold TD GICs inside a TFSA or RRSP whenever possible — GIC interest is taxed at your full marginal rate, making non-registered GICs one of the least tax-efficient holdings. On a $10,000 GIC at 2.70%, a 30% marginal rate costs roughly $81 per year in tax.
Rates as of 2026-04-21 · Non-registered, non-cashable terms · Confirm directly with TD Canada Trust.
Last reviewed: April 2026