About Wealth One Bank of Canada
Wealth One Bank of Canada is a federally chartered Schedule I digital bank founded in 2016 and headquartered in Toronto, Ontario. Founded by private investors led by Shenglin Xian to serve the Chinese-Canadian community, it offers savings accounts, GICs and mortgages digitally, and has been a CDIC member since July 2016.
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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 online through the bank's website or buy its GICs through deposit brokers.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.80% |
| 2-year GIC | 4.25% |
| 3-year GIC | 4.40% |
| 4-year GIC | 4.45% |
| 5-year GIC | 4.50% |
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 · 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 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPTFSA | N | — | At maturity | $1k+ | 3.80% |
| 18 months | Non-regRRSPTFSA | N | — | At maturity | $1k+ | 3.90% |
| 2 years | Non-regRRSPTFSA | N | — | At maturity | $1k+ | 4.25% |
| 3 years | Non-regRRSPTFSA | N | — | At maturity | $1k+ | 4.40% |
| Hey, Hunter! You’ve found a great rate!ⓘ | ||||||
| 4 years | Non-regRRSPTFSA | N | — | At maturity | $1k+ | 4.45% |
| 5 years | Non-regRRSPTFSA | N | — | At maturity | $1k+ | 4.50% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-15Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| HISA | Non-Registered High Interest Savings Account | — | — | $0 | 2.60% |
| HISA | Non-Registered High Interest Savings Account | — | — | $10,000 | 2.75% |
| HISA | Non-Registered High Interest Savings Account | — | — | $25,000 | 3.00% |
| RRSP | |||||
| RRSP | Registered Retirement Savings Plan HISA (RRSP HISA) | — | — | $0 | 3.00% |
| TFSA | |||||
| TFSA | WealthONE TFSA High Interest Savings Account | — | — | — | 3.00% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Closed | No | 5.00% |
| 2-year | Fixed | Closed | No | 5.39% |
| 3-year | Fixed | Closed | No | 5.54% |
| 4-year | Fixed | Closed | No | 5.69% |
| 5-year | Fixed | Closed | No | 5.74% |
| 1-year | Variable | Closed | No | 5.10% |
| 3-year | Variable | Closed | No | 5.10% |
| 5-year | Variable | Closed | No | 5.20% |
No mortgage rates match these filters.
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