About General Bank of Canada
General Bank of Canada is a privately held Schedule I chartered bank launched in 2005 and headquartered in Edmonton, owned by the Wheaton family of automotive dealership businesses. Its core business is automotive, commercial and aviation financing across Canada. It funds itself with CDIC-insured GICs sold through independent deposit brokers and investment advisors rather than retail branches.
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Access: Not sold directly to consumers — available through a financial broker or financial advisor only
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 GICs through an independent deposit broker or investment advisor (list available via the RDBA).
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
data as of 2026-10-16 · posted rates confirmed as of 2026-10-14| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.45% |
| 2-year GIC | 3.94% |
| 3-year GIC | 4.17% |
| 4-year GIC | 4.17% |
| 5-year GIC | 4.17% |
Base ladder rates. Institution may have more term rates below.
GIC rate history
Best historical posted GIC rate by term
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Term deposit rates
— not stated on sitedata as of 2026-10-16 · posted rates confirmed as of 2026-10-14Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 90–364 days | Non-reg | N | — | At maturity | $10k+ | 2.00% |
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | Annually | At maturity | $5k – $100k | 3.45% |
| 2 years | Non-reg | N | Annually | At maturity | $5k – $100k | 3.94% |
| 3 years | Non-reg | N | Annually | At maturity | $5k – $100k | 4.17% |
| 4 years | Non-reg | N | — | At maturity | $5k+ | 4.17% |
| 5 years | Non-reg | N | — | At maturity | $5k+ | 4.17% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-14Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| HISA | Current HISA Rate | — | — | — | 2.20% |
No rates match these filters.
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