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Shinhan Bank Canada

Bank· Toronto, Ontario· Since 2009Open to all

Profiled by Ratehunter

data as of 2026-10-16 · How we track rates

About Shinhan Bank Canada

Shinhan Bank Canada is a federally regulated Schedule II bank that opened in March 2009 as a wholly owned subsidiary of Shinhan Bank of Korea (Shinhan Financial Group). Headquartered in North York, Toronto, it offers personal and business banking — accounts, savings, loans, mortgages, and international money transfers — with a focus on the Korean-Canadian community, and is a CDIC member.

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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 at one of its branches in the Greater Toronto Area or Coquitlam, BC.

Deposit protection: Canada Deposit Insurance Corporation

$100,000 per insured category per member institution

How deposit insurance works →

Current top rates

rates confirmed as of 2026-10-16

Best GIC · 5-year3.45%

Best mortgage · 5-year fixed4.69%

Prime rate4.45%

GIC ladder	Best rate
1-year GIC	3.10%
2-year GIC	3.20%
3-year GIC	3.30%
4-year GIC	3.40%
5-year GIC	3.45%

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

GIC rate history

Best historical posted GIC rate by term

Term

Latest3.00%Oct 16, 2026

Last change-0.25%Sep 11, 2026

High3.25%Jul 16, 2026

Low3.00%Sep 11, 2026

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

— not stated on siterates confirmed as of 2026-10-16

Filter rates

Term	Registration	Redeemable	Compounding	Interest paid	Min–Max deposit	Rate
Short-term — under 1 year
30 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	1.90%1.95%2.00%2.05%2.10%
30–89 days	RRSP	N	—	At maturity	—	2.40%
30–89 days	RRSPRRIF	N	—	At maturity	—	2.20%
90 days	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	2.20%
90 days	Non-reg	N	—	At maturity	$5k – $49,999$50k – $99,999$100k – $499,999	2.25%2.30%2.35%
90 days	Non-regRRSPTFSA	N	—	At maturity	$500k+	2.40%
91–179 days	RRSP	N	—	At maturity	—	2.40%
91–180 days	RRSPRRIF	N	—	At maturity	—	2.20%
6 months	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	2.30%
180 days	Non-reg	N	—	At maturity	$5k – $49,999$100k – $499,999	2.35%2.45%
180 days	Non-regRRSP	N	—	At maturity	$50k – $99,999	2.40%
6 months	Non-regRRSPTFSA	N	—	At maturity	$500k+	2.50%
9 months	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	2.50%
270 days	Non-reg	N	—	At maturity	$5k – $49,999$50k – $99,999$100k – $499,999	2.55%2.60%2.65%
9 months	Non-regRRSPTFSA	N	—	At maturity	$500k+	2.70%
Long-term — 1 year +
1 year	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $499,999	2.90%
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k+$5k – $49,999$50k – $99,999$50k – $99,999$100k – $499,999	2.75%2.95%2.80%3.00%2.85%3.05%
1 year	Non-regRRSPTFSA	N	—	At maturity	$500k+	3.10%
2 years	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	3.00%
2 years	Non-reg	N	—	At maturity	$5k – $49,999$50k – $99,999$100k – $499,999	3.05%3.10%3.15%
2 years	Non-regRRSPTFSA	N	—	At maturity	$500k+	3.20%
3 years	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	3.10%
3 years	Non-reg	N	—	At maturity	$5k – $49,999$50k – $99,999$100k – $499,999	3.15%3.20%3.25%
3 years	Non-regRRSPTFSA	N	—	At maturity	$500k+	3.30%
4 years	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	3.20%
4 years	Non-reg	N	—	At maturity	$5k – $49,999$50k – $99,999$100k – $499,999	3.25%3.30%3.35%
4 years	Non-regRRSPTFSA	N	—	At maturity	$500k+	3.40%
5 years	Non-regRRSPRRIFTFSA	N	—	At maturity	$1k – $4,999	3.25%
5 years	Non-reg	N	—	At maturity	$5k – $49,999$50k – $99,999$100k – $499,999	3.30%3.35%3.40%
5 years	Non-regRRSPTFSA	N	—	At maturity	$500k+	3.45%
e-Long Term GICNon-redeemable · paid at maturity · tiered by deposit
1 month	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	1.95%2.00%2.05%2.10%
30–89 days	RRSP	N	—	At maturity	—	2.45%
3 months	RRSPTFSA	N	—	At maturity	—	2.45%
3 months	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.25%2.30%2.35%2.40%
91–179 days	RRSP	N	—	At maturity	—	2.45%
6 months	RRSPTFSA	N	—	At maturity	—	2.55%
6 months	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$100k+	2.35%2.40%2.50%
6 months	Non-regRRSP	N	—	At maturity	$50k – $99,999	2.45%
1 year	RRSPTFSA	N	—	At maturity	—	3.15%
1 year	Non-reg	N	—	At maturity	$1k+$1k – $4,999$5k – $49,999$5k – $49,999$50k – $99,999$50k – $99,999$100k+	2.95%2.80%3.00%2.85%3.05%2.90%3.10%
2 years	RRSPTFSA	N	—	At maturity	—	3.25%
2 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.05%3.10%3.15%3.20%
3 years	RRSPTFSA	N	—	At maturity	—	3.35%
3 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.15%3.20%3.25%3.30%
4 years	RRSPTFSA	N	—	At maturity	—	3.45%
4 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.25%3.30%3.35%3.40%
5 years	RRSPTFSA	N	—	At maturity	—	3.50%
5 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.30%3.35%3.40%3.45%
Green Term DepositNon-redeemable · paid at maturity · tiered by deposit
30 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	1.70%1.75%1.80%1.85%1.90%
90 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.00%2.05%2.10%2.15%2.20%
180 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.10%2.15%2.20%2.25%2.30%
270 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.30%2.35%2.40%2.45%2.50%
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.55%2.60%2.65%2.70%2.75%
Power Term DepositNon-redeemable · paid at maturity · tiered by deposit
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.70%2.75%2.80%2.85%2.90%
2 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.80%2.85%2.90%2.95%3.00%
3 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	2.90%2.95%3.00%3.05%3.10%
4 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	3.00%3.05%3.10%3.15%3.20%
5 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999$500k+	3.05%3.10%3.15%3.20%3.25%
e-Power Term DepositNon-redeemable · paid at maturity · tiered by deposit
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.75%2.80%2.85%2.90%
2 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.85%2.90%2.95%3.00%
3 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.95%3.00%3.05%3.10%
4 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.05%3.10%3.15%3.20%
5 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.10%3.15%3.20%3.25%
e-Green Term DepositNon-redeemable · paid at maturity · tiered by deposit
1 month	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	1.75%1.80%1.85%1.90%
3 months	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.05%2.10%2.15%2.20%
6 months	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.15%2.20%2.25%2.30%
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.60%2.65%2.70%2.75%
Maple Term DepositNon-redeemable · paid at maturity · tiered by deposit
1 year	Non-reg	N	—	At maturity	$10k – $49,999$50k – $99,999$100k+	0.10%0.15%0.20%
2 years	Non-reg	N	—	At maturity	$10k – $49,999$50k – $99,999$100k+	0.15%0.20%0.25%
3 years	Non-reg	N	—	At maturity	$10k – $49,999$50k – $99,999$100k+	0.20%0.25%0.30%
Free Term DepositNon-redeemable · paid at maturity · $1k minimum
30 days	Non-reg	N	—	At maturity	$1k+	1.00%
60 days	Non-reg	N	—	At maturity	$1k+	1.00%
180 days	Non-reg	N	—	At maturity	$1k+	1.00%
1 year	Non-reg	N	—	At maturity	$1k+	1.00%
2 years	Non-reg	N	—	At maturity	$1k+	1.50%
3 years	Non-reg	N	—	At maturity	$1k+	1.70%
TFSA Free Installment SavingNon-redeemable · monthly contributions · paid at maturity
6 months	TFSA	N	—	At maturity	—	2.30%
1 year	TFSA	N	—	At maturity	—	2.80%
18 months	TFSA	N	—	At maturity	—	2.95%
2 years	TFSA	N	—	At maturity	—	3.05%
30 months	TFSA	N	—	At maturity	—	3.10%
3 years	TFSA	N	—	At maturity	—	3.15%
Prime Term DepositNon-redeemable · paid at maturity · $10k minimum
1 year	Non-reg	N	—	At maturity	$10k+	1.95%Prime − 2.50%
2 years	Non-reg	N	—	At maturity	$10k+	0.75%Prime − 3.70%
3 years	Non-reg	N	—	At maturity	$10k+	0.75%Prime − 3.70%
4 years	Non-reg	N	—	At maturity	$10k+	0.75%Prime − 3.70%
5 years	Non-reg	N	—	At maturity	$10k+	0.75%Prime − 3.70%
U.S. dollar — all terms
30 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.05%2.15%2.20%2.25%
90 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.80%2.90%2.95%3.00%
180 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.30%3.40%3.45%3.50%
270 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k – $499,999	3.30%3.40%3.45%3.50%
1 year	Non-reg	N	—	At maturity	$1k – $4,999$1k – $4,999$5k – $49,999$5k – $49,999$50k – $99,999$50k – $99,999$100k+$100k+	3.90%3.65%4.00%3.75%4.05%3.80%4.10%3.85%
2 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.30%3.40%3.45%3.50%
3 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.95%3.05%3.10%3.15%
4 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.95%3.05%3.10%3.15%
5 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.95%3.05%3.10%3.15%
Green Term DepositNon-redeemable · paid at maturity · tiered by deposit
30 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	1.90%2.00%2.05%2.10%
90 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.65%2.75%2.80%2.85%
180 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.15%3.25%3.30%3.35%
270 days	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.15%3.25%3.30%3.35%
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.40%3.50%3.55%3.60%
Power Term DepositNon-redeemable · paid at maturity · tiered by deposit
1 year	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.15%3.25%3.30%3.35%
2 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	3.05%3.15%3.20%3.25%
3 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.80%2.90%2.95%3.00%
4 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.80%2.90%2.95%3.00%
5 years	Non-reg	N	—	At maturity	$1k – $4,999$5k – $49,999$50k – $99,999$100k+	2.80%2.90%2.95%3.00%
Free Term DepositNon-redeemable · paid at maturity · US$1k minimum
30 days	Non-reg	N	—	At maturity	$1k+	1.00%
60 days	Non-reg	N	—	At maturity	$1k+	1.00%
180 days	Non-reg	N	—	At maturity	$1k+	1.00%
1 year	Non-reg	N	—	At maturity	$1k+	1.00%
2 years	Non-reg	N	—	At maturity	$1k+	1.50%
3 years	Non-reg	N	—	At maturity	$1k+	1.70%

Savings & chequing rates

rates confirmed as of 2026-10-16

Filter rates

Type	Product	Calculated	Paid	Min. balance	Rate
Savings
Savings	Basic Savings Accounts	—	—	—	0.10%
Savings	e-Savings Accounts	—	—	—	1.05%
Savings	Savings Accounts	—	—	—	1.00%
HISA	High Interest Savings	—	—	$1,000	1.00%
HISA	High Interest Savings	—	—	$5,000	1.00%
HISA	High Interest Savings	—	—	$25,000	1.00%
HISA	High Interest Savings	—	—	$50,000	1.00%
HISA	High Interest Savings	—	—	$100,000	1.30%
HISA	High Interest Savings	—	—	$1,000,000	1.50%
USD	High Interest SavingsUS$	—	—	$1,000	1.00%
USD	High Interest SavingsUS$	—	—	$5,000	1.00%
USD	High Interest SavingsUS$	—	—	$25,000	1.00%
USD	High Interest SavingsUS$	—	—	$50,000	1.00%
USD	High Interest SavingsUS$	—	—	$100,000	1.40%
USD	High Interest SavingsUS$	—	—	$1,000,000	1.60%
USD	Savings Accounts - USDUS$	—	—	—	1.00%
Chequing
Chequing	Chequable Savings Account	—	—	—	0.30%
Chequing	SOL Chequing	—	—	—	0.20%
RRSP
RRSP	RRSP e-Savings	—	—	—	1.05%
RRSP	RRSP Savings Account	—	—	—	1.00%
RRIF
RRIF	RRIF Savings Account	—	—	—	1.00%
TFSA
TFSA	TFSA e-Savings	—	—	—	1.05%
TFSA	TFSA Savings Account	—	—	—	1.00%

Mortgage rates

Highlighted rows are promo ratesrates confirmed as of 2026-10-16

Filter rates

Term	Type	Open / closed	Insured	Posted rate
6-month	Fixed	Open	No	9.50%
1-year	Fixed	Closed	No	5.14%
1-year	Fixed	Closed	No	5.49%
1-year	Fixed	Closed	No	9.50%
2-year	Fixed	Closed	No	4.49%
2-year	Fixed	Closed	No	5.14%
3-year	Fixed	Closed	No	4.54%
3-year	Fixed	Closed	No	6.05%
4-year	Fixed	Closed	No	4.64%
4-year	Fixed	Closed	No	5.99%
5-year	Fixed	Closed	No	4.69%
5-year	Fixed	Closed	No	6.09%
6-month	Variable	Open	No	9.45%Prime + 5.00%
1-year	Variable	Open	No	9.45%Prime + 5.00%
3-year	Variable	Closed	No	4.05%Prime − 0.40%
5-year	Variable	Closed	No	3.90%Prime − 0.55%

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