About Canada Life
The Canada Life Assurance Company, founded in 1847 as Canada's first domestic life insurance company, is one of the country's largest insurers. The current company is the result of the January 1, 2020 amalgamation of Great-West Life, London Life and Canada Life, and is a subsidiary of Great-West Lifeco (Power Corporation group). Headquartered in Winnipeg, it offers life, disability and health insurance, group benefits, and retirement and investment products including annuities and segregated funds.
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Access: Open to all Canadians
Eligible provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
How to join: Purchase products through a licensed insurance/investment advisor or via group plans.
Deposit protection: Assuris
protects policyholder benefits if a life insurer fails (e.g. deposit-type products up to $100,000 or 90%)
Current top rates
data as of 2026-10-16 · posted rates confirmed as of 2026-09-09Rate history builds here as we track this institution's rates over time.
Term deposit rates
— not stated on sitedata as of 2026-10-16GIA Guaranteed Interest Annuities are insurance contracts — protected by Assuris, the life-insurance guarantee fund, not by CDIC.
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| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 yearGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 2.70% |
| 1 yearGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 2.60% |
| 2 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 2.85% |
| 2 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 2.75% |
| 3 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 3.05% |
| 3 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 2.95% |
| 4 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 3.25% |
| 4 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 3.15% |
| 5 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 3.45% |
| 5 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 3.35% |
| 6 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 3.65% |
| 6 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 3.55% |
| 7 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 3.80% |
| 7 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 3.70% |
| 8 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 4.00% |
| 8 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 3.90% |
| 9 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 4.15% |
| 9 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 4.05% |
| 10 yearsGIA | Non-regRRSP | Y | Annually | At maturity | $500 – $499,999 | 4.30% |
| 10 yearsGIA | Non-reg | Y | — | Monthly | $500 – $499,999 | 4.20% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-09-09Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| HISA | Canada Life High Interest Savings Account - Series A | — | Monthly | $0 | 1.90% |
| HISA | Canada Life High Interest Savings Account - Series F | — | Monthly | $0 | 2.15% |
No rates match these filters.
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