About Bridgewater Bank
Bridgewater Bank is a Schedule I chartered bank established in 1997 as a wholly-owned subsidiary of the Alberta Motor Association (AMA), headquartered in Calgary. It specializes in residential mortgages (including alternative lending) and deposit products such as GICs and the Smart eSavings account, distributed through a select network of brokers rather than branches, with over $3.3 billion in mortgages and deposits across more than 53,000 accounts Canada-wide.
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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: GICs are sold through deposit brokers and financial advisors; the Smart eSavings account is opened directly with the bank by phone. Mortgages are arranged through mortgage brokers.
Notes: AMA-owned
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-10-16| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.45% |
| 2-year GIC | 3.70% |
| 3-year GIC | 3.72% |
| 4-year GIC | 3.10% |
| 5-year GIC | 3.15% |
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 2026-10-16Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 60 – 89 days | Non-reg | Y | — | At maturity | $5k+ | 1.94% |
| 90 – 119 days | Non-reg | Y | — | At maturity | $5k+ | 1.95% |
| 120 – 179 days | Non-reg | Y | — | At maturity | $5k+ | 2.19% |
| 180 – 269 days | Non-reg | Y | — | At maturity | $5k+ | 2.44% |
| 270 – 364 days | Non-reg | Y | — | At maturity | $5k+ | 2.54% |
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | — | At maturityMonthly | $5k+$5k+ | 3.45%3.20% |
| 1 year | Non-reg | cashable | — | At maturity | $5k+ | 2.18% |
| 18 months | Non-reg | N | — | At maturityMonthly | $5k+$5k+ | 3.48%3.23% |
| 2 years | Non-reg | N | — | At maturityMonthly | $5k+$5k+ | 3.70%3.45% |
| 3 years | Non-reg | N | — | At maturityMonthly | $5k+$5k+ | 3.72%3.47% |
| 4 years | Non-reg | N | — | At maturityMonthly | $5k+$5k+ | 3.10%2.85% |
| 5 years | Non-reg | N | — | At maturityMonthly | $5k+$5k+ | 3.15%2.90% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-16Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| HISA | Smart eSavings Account | Daily | Monthly | $0 | 2.70% |
No rates match these filters.
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