About RFA Bank of Canada
RFA Bank of Canada is a Toronto-based Schedule I chartered bank owned by RFA Financial (formerly Realty Financial Advisors, a real estate investment firm founded in 1996). The bank received its federal charter in 2017 as Street Capital Bank of Canada and was renamed after RFA acquired it in 2019. It is a balance-sheet alternative (Alt-A/B) residential mortgage lender distributing through the mortgage broker channel, funded in part by CDIC-insured GICs sold through deposit brokers.
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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: Access mortgages through a mortgage broker or GICs through a deposit broker.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-09-28| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.66% |
| 2-year GIC | 4.08% |
| 3-year GIC | 4.20% |
| 4-year GIC | 3.50% |
| 5-year GIC | 3.50% |
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 · 31 snapshots
Tracked since Jul 16, 2026 · 31 snapshots
Tracked since Jul 16, 2026 · 31 snapshots
Tracked since Jul 16, 2026 · 31 snapshots
Tracked since Jul 16, 2026 · 31 snapshots
Term deposit rates
— not stated on siterates confirmed as of 2026-09-28Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | — | AnnuallySemi-annuallyMonthly | $5k+$5k+$5k+ | 3.66%3.61%3.56% |
| 1 year | Non-reg | cashable | — | At maturity | $5k+ | 2.30% |
| 2 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $5k+$5k+$5k+$5k+ | 4.08%4.08%4.03%3.98% |
| 3 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $5k+$5k+$5k+$5k+ | 4.20%4.20%4.15%4.10% |
| 4 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $5k+$5k+$5k+$5k+ | 3.50%3.50%3.45%3.40% |
| 5 years | Non-reg | N | Annually——— | At maturityAnnuallySemi-annuallyMonthly | $5k+$5k+$5k+$5k+ | 3.50%3.50%3.45%3.40% |
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