About Tangerine Bank
Tangerine Bank is a Canadian direct bank founded in April 1997 as ING Bank of Canada (ING Direct), acquired by Scotiabank in November 2012 and rebranded Tangerine in 2014. A wholly owned Scotiabank subsidiary with its own CDIC membership (institution 614), it offers no-fee chequing and savings accounts, GICs, mortgages, credit cards and investment funds entirely online and by phone, with no branch network.
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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 via the mobile app.
Notes: Owned by Scotiabank
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 | 3.60% |
| 2-year GIC | 3.85% |
| 3-year GIC | 4.10% |
| 4-year GIC | 4.15% |
| 5-year GIC | 4.25% |
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
Highlighted rows are promo 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 | ||||||
| 5 months | RRSPRRIFTFSA | N | — | At maturity | — | 5.00% |
| Long-term — 1 year + | ||||||
| Guaranteed Investmentcompounds annually | ||||||
| 90 days | Non-regRRSPRRIFTFSA | Y | — | At maturity | — | 2.50% |
| 180 days | Non-regRRSPRRIFTFSA | Y | — | At maturity | — | 2.75% |
| 270 days | Non-regRRSPRRIFTFSA | Y | — | At maturity | — | 3.25% |
| 1 year | Non-regRRSPRRIFTFSA | N | Annually | Annually | — | 3.60% |
| 2 years | Non-regRRSPRRIFTFSA | N | Annually | Annually | — | 3.85% |
| 3 years | Non-regRRSPRRIFTFSA | N | Annually | Annually | — | 4.10% |
| 4 years | Non-regRRSPRRIFTFSA | N | Annually | Annually | — | 4.15% |
| 5 years | Non-regRRSPRRIFTFSA | N | Annually | Annually | — | 4.25% |
| 1½ Year Guaranteed InvestmentNon-redeemable · compounds annually · paid annually | ||||||
| 18 months | Non-regRRSPRRIFTFSA | N | Annually | Annually | — | 3.75% |
| U.S. dollar — all terms | ||||||
| Guaranteed Investment - USDcompounds annually | ||||||
| 90 days | Non-reg | Y | — | At maturity | — | 3.45% |
| 180 days | Non-reg | Y | — | At maturity | — | 3.65% |
| 270 days | Non-reg | Y | — | At maturity | — | 3.80% |
| 1 year | Non-reg | N | Annually | Annually | — | 4.25% |
| 2 years | Non-reg | N | Annually | Annually | — | 4.35% |
| 3 years | Non-reg | N | Annually | Annually | — | 4.40% |
| 4 years | Non-reg | N | Annually | Annually | — | 4.45% |
| 5 years | Non-reg | N | Annually | Annually | — | 4.50% |
| 1½ Year Guaranteed Investment - USDNon-redeemable · compounds annually · paid annually | ||||||
| 18 months | Non-reg | N | Annually | Annually | — | 4.30% |
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 | RIF Savings Account | — | — | — | 0.35% |
| Savings | RSP Savings Accounr | — | — | — | 0.30% |
| Savings | Savings Account | — | — | — | 0.30% |
| Savings | Tax Free Savings Account | — | — | — | 0.30% |
| USD | US$ Savings AccountUS$ | — | — | — | 0.10% |
| Chequing | |||||
| Chequing | Tangerine Chequing Account | — | — | $0 | 0.01% |
| Chequing | Tangerine Chequing Account | — | — | $50,000 | 0.05% |
| Chequing | Tangerine Chequing Account | — | — | $100,000 | 0.10% |
| Chequing | Tangerine Chequing Account | — | — | $500,000 | 0.01% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Closed | No | 5.99% |
| 2-year | Fixed | Closed | No | 5.14% |
| 3-year | Fixed | Closed | No | 4.64% |
| 4-year | Fixed | Closed | No | 4.74% |
| 5-year | Fixed | Closed | No | 4.84% |
| 7-year | Fixed | Closed | No | 5.50% |
| 10-year | Fixed | Closed | No | 5.90% |
| 5-year | Variable | Closed | No | 3.90% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Tangerine Home Equity Line of Credit | 5.95% |
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