About IC Savings
IC Savings (Italian Canadian Savings & Credit Union Limited) is a member-owned Ontario credit union chartered in April 2000 that opened in Woodbridge in September 2000, originally serving the Italian-Canadian community. It operates eight branches in Toronto and Vaughan plus a lending services centre, offering full-service personal and business banking, and holds roughly $800M+ in assets under administration.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Apply online at icsavings.ca/join or in branch; the $5 membership share is paid by the credit union on the member's behalf.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-10-11| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 2.50% |
| 2-year GIC | 2.50% |
| 3-year GIC | 2.65% |
| 4-year GIC | 2.70% |
| 5-year GIC | 2.75% |
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 siterates confirmed as of 2026-10-11Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30 days | Non-reg | N | — | At maturity | $1k+ | 0.40% |
| 60 days | Non-reg | N | — | At maturity | $1k+ | 0.55% |
| 90 days | Non-reg | N | — | At maturity | $1k+ | 0.65% |
| 180 days | Non-reg | N | — | At maturity | $1k+ | 1.95% |
| 270 days | Non-reg | N | — | At maturity | $1k+ | 2.00% |
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.50% |
| 1 year | Non-reg | Y | — | At maturity | — | 1.90% |
| 18 months | Non-regRRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.55% |
| 2 years | Non-regRRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.50% |
| 3 years | Non-regRRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.65% |
| 4 years | Non-regRRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.70% |
| 5 years | Non-regRRSPRESPRDSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.75% |
| 1-Year Redeemable GIC - 180 Days CashedRedeemable · paid at maturity | ||||||
| 1 year | Non-reg | Y | — | At maturity | — | 1.65% |
| 1-Year Redeemable GIC - 270 Days CashedRedeemable · paid at maturity | ||||||
| 1 year | Non-reg | Y | — | At maturity | — | 1.75% |
| U.S. dollar — all terms | ||||||
| 30 days | Non-reg | N | — | At maturity | $10k+ | 0.05% |
| 60 days | Non-reg | N | — | At maturity | $10k+ | 0.05% |
| 90 days | Non-reg | N | — | At maturity | $10k+ | 0.05% |
| 180 days | Non-reg | N | — | At maturity | $10k+ | 0.10% |
| 270 days | Non-reg | N | — | At maturity | $10k+ | 0.05% |
| Euro — all terms | ||||||
| 90 days | Non-reg | N | — | At maturity | $10k+ | 0.10% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-11Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| EUR | Euro Savings Account€ | — | — | — | 0.05% |
| Chequing | |||||
| Chequing | Perfetto. – For the balance up to $500,000 | — | — | $0 | 0.45% |
| Chequing | Perfetto. – On the portion above $500,000 | — | — | $500,000 | 0.05% |
| USD | U.S. Dollar Chequing AccountUS$ | — | — | — | 0.00% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-10-11Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Closed | No | 4.94% |
| 2-year | Fixed | Closed | No | 4.69% |
| 3-year | Fixed | Closed | No | 4.94% |
| 4-year | Fixed | Closed | No | 5.09% |
| 5-year | Fixed | Closed | No | 5.14% |
No mortgage rates match these filters.
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