About Questbank
Questbank is a Schedule I domestic bank owned by Questrade Financial Group, which received OSFI's order to commence business effective November 1, 2025 — one of the few new Schedule I bank licences granted in Canada in two decades, ending a six-year application begun in 2019. It is a CDIC member and plans to offer chequing, savings, and lending products alongside Questrade's brokerage business, with its first products rolling out in 2026.
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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: Sign up online through Questrade/Questbank when products become available.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
data as of 2026-10-16| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.52% |
| 2-year GIC | 3.99% |
| 3-year GIC | 4.16% |
| 4-year GIC | 4.11% |
| 5-year GIC | 3.14% |
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 2026-10-16Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | Annually— | At maturityAnnually | $5k+$5k+ | 3.52%3.52% |
| 2 years | Non-reg | N | Annually— | At maturityAnnually | $5k+$5k+ | 3.99%3.99% |
| 3 years | Non-reg | N | Annually— | At maturityAnnually | $5k+$5k+ | 4.16%4.16% |
| 4 years | Non-reg | N | Annually— | At maturityAnnually | $5k+$5k+ | 4.11%4.11% |
| 5 years | Non-reg | N | Annually— | At maturityAnnually | $5k+$5k+ | 3.14%3.14% |
No rates match these filters.
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