About VersaBank
VersaBank is a branchless, digital Canadian Schedule I chartered bank headquartered in London, Ontario. It traces its roots to 1980 as Pacific & Western Trust in Saskatoon and received its Schedule I bank charter in 2002. It raises deposits digitally through a network of over 100 deposit broker firms across Canada and specializes in lending and receivable-purchase financing; it trades on the TSX and Nasdaq as VBNK.
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Access: Not sold directly to consumers — available through a financial broker or financial advisor only
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: Purchase VersaBank deposit products (e.g., GICs) through a participating deposit broker or financial advisor.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
data as of 2026-10-16 · posted rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.49% |
| 2-year GIC | 3.98% |
| 3-year GIC | 4.13% |
| 4-year GIC | 4.12% |
| 5-year GIC | 4.17% |
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 sitedata as of 2026-10-16 · posted rates confirmed as of 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30 – 59 days | Non-reg | N | — | At maturity | $5k+ | 2.20% |
| 60 – 89 days | Non-reg | N | — | At maturity | $5k+ | 2.35% |
| 90 – 119 days | Non-reg | N | — | At maturity | $5k+ | 2.76% |
| 120 – 179 days | Non-reg | N | — | At maturity | $5k+ | 2.81% |
| 180 – 269 days | Non-reg | N | — | At maturity | $5k+ | 2.96% |
| 270 – 364 days | Non-reg | N | — | At maturity | $5k+ | 3.26% |
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $1k+$1k+$1k+$1k+ | 3.49%3.49%3.34%3.29% |
| 2 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $1k+$1k+$1k+$5k+ | 3.98%3.98%3.83%3.78% |
| 3 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $1k+$1k+$1k+$1k+ | 4.13%4.13%3.98%3.93% |
| 4 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $1k+$1k+$1k+$5k+ | 4.12%4.12%3.97%3.92% |
| 5 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $1k+$1k+$1k+$5k+ | 4.17%4.17%4.02%3.97% |
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