About Peoples Bank
Peoples Bank of Canada is a Schedule I chartered bank incorporated in 2019 as a wholly owned subsidiary of Peoples Trust Company (founded 1985), together operating as Peoples Group, a Vancouver-headquartered financial services company owned by Triple Five Group. It offers deposit accounts, registered and non-registered GICs, residential and commercial mortgages, and payments/card-issuing services. Both Peoples Trust Company and Peoples Bank of Canada are CDIC members; peoplesbank.ca now redirects to peoplesgroup.com.
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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 or GIC online through Peoples Group or via a deposit broker.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-09-30| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.70% |
| 2-year GIC | 3.00% |
| 3-year GIC | 3.25% |
| 4-year GIC | 3.25% |
| 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
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 2026-09-30Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30 days | Non-reg | N | Annually | At maturity | — | 1.20% |
| 60 days | Non-reg | N | Annually | At maturity | — | 1.50% |
| 90 days | Non-reg | N | Annually | At maturity | — | 1.90% |
| 120 days | Non-reg | N | Annually | At maturity | — | 2.05% |
| 180 days | Non-reg | N | Annually | At maturity | — | 2.30% |
| 270 days | Non-reg | N | Annually | At maturity | — | 2.50% |
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | Annually | At maturity | — | 3.70% |
| 1 year | RRSPTFSA | N | — | At maturity | — | 3.70% |
| 15 months | Non-reg | N | Annually | At maturity | — | 2.90% |
| 2 years | Non-reg | N | Annually | At maturity | — | 3.00% |
| 2 years | RRSPTFSA | N | — | At maturity | — | 3.00% |
| 3 years | Non-reg | N | Annually | At maturity | — | 3.25% |
| 3 years | RRSPTFSA | N | — | At maturity | — | 3.25% |
| 4 years | Non-reg | N | Annually | At maturity | — | 3.25% |
| 4 years | RRSPTFSA | N | — | At maturity | — | 3.25% |
| 5 years | Non-reg | N | Annually | At maturity | — | 3.45% |
| 5 years | RRSPTFSA | N | — | At maturity | — | 3.45% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-09-30Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | e-savings | — | — | — | 1.20% |
| TFSA | |||||
| TFSA | Tax-free savings | — | — | — | 1.20% |
No rates match these filters.
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