About National Bank (incl. former CWB retail)
National Bank of Canada is Canada's sixth-largest commercial bank and the largest headquartered in Quebec, tracing its roots to 1859; the present entity was formed in 1979 by the merger of Banque Canadienne Nationale and the Provincial Bank of Canada. A federally chartered Schedule I bank, it offers retail and commercial banking, wealth management, insurance and capital markets services, with roughly 400+ branches nationally and the strongest presence in Quebec.
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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: Open an account online or at any branch.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.15% |
| 2-year GIC | 3.55% |
| 3-year GIC | 3.75% |
| 4-year GIC | 3.85% |
| 5-year GIC | 4.00% |
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 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 3 months | Non-regRRSPTFSA | N | Annually | At maturity | — | 0.30% |
| 6 months | Non-regRRSPTFSA | N | Annually | At maturity | — | 1.50% |
| 9 months | Non-regRRSPTFSA | N | Annually | At maturity | — | 1.85% |
| Extra GICNon-redeemable · compounds monthly · paid at maturity | ||||||
| 3 months | Non-regRRSPTFSA | N | Monthly | At maturity | — | 0.15% |
| Monthly Cash Management GICNon-redeemable · compounds monthly · paid at maturity | ||||||
| 1 month | Non-regRRSPTFSA | N | Monthly | At maturity | — | 0.10% |
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.15% |
| 1 year | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.35% |
| 18 months | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.30% |
| 2 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.55% |
| 2 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.40% |
| 3 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.75% |
| 3 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.45% |
| 4 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.85% |
| 4 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.55% |
| 5 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 4.00% |
| 5 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.65% |
| Redeemable without penalty GICRedeemable · compounds annually · paid at maturity | ||||||
| 1 year | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.30% |
| 2 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.50% |
| Redeemable Plus GICRedeemable · compounds annually · paid at maturity | ||||||
| 3 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.30% |
| U.S. dollar — all terms | ||||||
| 3 months | Non-regRRSPTFSA | N | Annually | At maturity | — | 0.20% |
| 6 months | Non-regRRSPTFSA | N | Annually | At maturity | — | 0.40% |
| 1 year | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.60% |
| 1 year | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.30% |
| 2 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.75% |
| 2 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.45% |
| 3 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.65% |
| 3 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.60% |
| 4 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.75% |
| 4 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 0.90% |
| 5 years | Non-regRRSPTFSA | N | Annually | At maturity | — | 3.75% |
| 5 years | Non-regRRSPTFSA | Y | Annually | At maturity | — | 1.00% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-15Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | Cash Advantage Solution | — | — | $1 | 0.55% |
| Savings | Cash Advantage Solution | — | — | $10,000 | 0.65% |
| Savings | Cash Advantage Solution | — | — | $50,000 | 0.85% |
| Savings | Cash Advantage Solution | — | — | $100,000 | 1.75% |
| Savings | Cash Advantage Solution | — | — | $500,000 | 2.25% |
| HISA | High Interest Savings Account | Daily | Monthly | $0 | 0.55% |
| Chequing | |||||
| USD | USD Progress AccountUS$ | — | — | $5,000 | 0.10% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 6-month | Fixed | Open | No | 9.75% |
| 1-year | Fixed | Open | No | 9.65% |
| 3-month | Fixed | Closed | No | 7.84% |
| 6-month | Fixed | Closed | No | 6.09% |
| 1-year | Fixed | Closed | No | 5.49% |
| 2-year | Fixed | Closed | No | 4.99% |
| 2-year | Fixed | Closed | No | 5.24% |
| 3-year | Fixed | Closed | No | 4.94% |
| 3-year | Fixed | Closed | No | 6.09% |
| 4-year | Fixed | Closed | No | 5.04% |
| 4-year | Fixed | Closed | No | 6.05% |
| 5-year | Fixed | Closed | No | 5.04% |
| 5-year | Fixed | Closed | No | 6.14% |
| 6-year | Fixed | Closed | No | 6.40% |
| 7-year | Fixed | Closed | No | 5.34% |
| 7-year | Fixed | Closed | No | 6.40% |
| 10-year | Fixed | Closed | No | 6.80% |
| 5-year | Variable | Closed | No | 4.45% |
| 5-year | Variable | Closed | No | 5.04% |
| 5-year | Fixed | Closed | Yes | 4.69% |
| Capped Rate MortgageVariable · closed · conventional · 5-year term | ||||
| 5-year | Variable | Closed | No | 4.70% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Home equity line of credit | 5.45% |
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