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President's Choice Bank

Bank· Toronto, Ontario· Since 1996Open to all

About President's Choice Bank

President's Choice Financial (PC Financial) is the financial services brand of Loblaw Companies, delivered through its federally chartered subsidiary President's Choice Bank; the brand launched in 1996, originally as a joint venture with CIBC, which ended in 2017. It offers the PC Money Account, PC Mastercard credit cards, and insurance, integrated with the PC Optimum loyalty program. In December 2025, Equitable Bank (EQB) announced a definitive agreement to acquire PC Financial (including President's Choice Bank) from Loblaw for about $800 million; the deal was still pending as of mid-2026.

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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: Apply online or via the PC Financial app.

Deposit protection: Canada Deposit Insurance Corporation

$100,000 per insured category per member institution

How deposit insurance works →

Current top rates

data as of 2026-10-16 · posted rates confirmed as of 2026-09-30
Best GIC · 5-year4.08%
GIC ladderBest rate
1-year GIC3.31%
2-year GIC3.77%
3-year GIC3.92%
4-year GIC4.07%
5-year GIC4.08%

Base ladder rates. Institution may have more term rates below.

GIC rate history

Best historical posted GIC rate by term

Term
Latest3.31%Oct 16, 2026
Last change-0.05%Oct 15, 2026
High3.51%Sep 17, 2026
Low2.96%Jul 16, 2026
5.50%4.38%3.25%2.13%1%Jul 26Aug 26Sep 26Oct 26

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

— not stated on sitedata as of 2026-10-16
Filter rates
TermRegistrationRedeemableCompoundingInterest paidMin–Max depositRate
Long-term — 1 year +
1 yearNon-regNAnnually————At maturityAnnuallySemi-annuallyQuarterlyMonthly$500+$500+$500+$500+$500+3.31%3.31%3.26%3.23%3.21%
2 yearsNon-regNAnnually————At maturityAnnuallySemi-annuallyQuarterlyMonthly$500+$500+$500+$500+$500+3.77%3.77%3.72%3.69%3.67%
3 yearsNon-regNAnnually————At maturityAnnuallySemi-annuallyQuarterlyMonthly$500+$500+$500+$500+$500+3.92%3.92%3.87%3.84%3.82%
4 yearsNon-regNAnnually————At maturityAnnuallySemi-annuallyQuarterlyMonthly$500+$500+$500+$500+$500+4.07%4.07%4.02%3.99%3.97%
5 yearsNon-regNAnnually————At maturityAnnuallySemi-annuallyQuarterlyMonthly$500+$500+$500+$500+$500+4.08%4.08%4.03%4.00%3.98%

Savings & chequing rates

rates confirmed as of 2026-09-30
Filter rates
TypeProductCalculatedPaidMin. balanceRate
Chequing
ChequingPC MoneyTM Account——$02.20%

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