Tangerine GIC rates range from 2.50% on a 90-day term to 4.25% on a 5-year term, per Tangerine’s published rates feed, last changed on October 3, 2026. This guide lists every term, explains the rules that come with a Tangerine GIC, and compares the rates with EQ Bank and LBC Digital so you can decide where a fixed-term deposit fits. YieldMaple checked Tangerine’s GIC page and its published rates feed on October 7, 2026. This guide is general education, not financial advice.
What are Tangerine’s GIC rates today?
Tangerine pays 3.60% on a 1-year GIC and 4.25% on a 5-year GIC, after its rate change on October 3, 2026.
| Term | Tangerine GIC rate |
|---|---|
| 90 days | 2.50% |
| 180 days | 2.75% |
| 270 days | 3.25% |
| 1 year | 3.60% |
| 18 months | 3.75% |
| 2 years | 3.85% |
| 3 years | 4.10% |
| 4 years | 4.15% |
| 5 years | 4.25% |
In sentence form: 90 days pays 2.50%, 180 days 2.75%, 270 days 3.25%, 18 months 3.75%, 2 years 3.85%, 3 years 4.10% and 4 years 4.15%. Tangerine’s TFSA, RSP and RIF GICs listed the same rates as its non-registered GICs in the feed checked on October 7, 2026. US-dollar GICs pay 4.25% for 1 year and 4.50% for 5 years.
GIC rates tend to follow market interest rates. The Bank of Canada’s policy rate was 2.25% after its September 2, 2026 decision. When rates fall, new GICs pay less, but a GIC you already hold keeps its rate until maturity.
Does Tangerine have promotional GIC rates?
No GIC promotion appears in Tangerine’s rates feed as of October 7, 2026; its current new-client promotion covers savings accounts only.
That offer pays 4.50% on the Savings Account and 5.00% on the TFSA, RSP and RIF Savings Accounts, for 153 days (about 5 months). It is limited to new clients whose Client Number is created between July 28 and November 30, 2026. After it ends, the regular Savings Account rate is 0.30%. Any GIC promotion Tangerine launches later has to be checked on its own terms.
How do Tangerine GIC rates compare with EQ Bank?
EQ Bank’s posted GIC rates are slightly higher than Tangerine’s on every 1- to 5-year term: 3.70% against 3.60% for 1 year and 4.30% against 4.25% for 5 years.
| Term | Tangerine | EQ Bank | LBC Digital |
|---|---|---|---|
| 1 year | 3.60% | 3.70% | 3.50% |
| 2 years | 3.85% | 4.00% | 3.85% |
| 3 years | 4.10% | 4.15% | 3.95% |
| 4 years | 4.15% | 4.20% | 4.00% |
| 5 years | 4.25% | 4.30% | 4.10% |
Term by term: at 2 years EQ Bank pays 4.00%, Tangerine 3.85% and LBC Digital 3.85%. At 3 years EQ Bank pays 4.15%, Tangerine 4.10% and LBC Digital 3.95%. At 4 years the rates are 4.20% at EQ Bank, 4.15% at Tangerine and 4.00% at LBC Digital. LBC Digital’s 1-year rate is 3.50% and its 5-year rate 4.10%. EQ Bank’s rates took effect October 2, 2026 and LBC Digital’s are dated October 7, 2026. For a Big 5 comparison, Scotiabank’s featured 2-year non-redeemable special was 3.30%.
On a $10,000 1-year GIC, EQ Bank’s rate pays $370 of interest against $360 at Tangerine, a $10 difference.
Where Tangerine wins: no minimum balance to open a GIC, RIF and US-dollar GICs, and a Scotiabank parent. Where EQ Bank wins: higher posted rates on every 1- to 5-year term, and an FHSA option. LBC Digital GICs are non-registered and non-redeemable only, so they cannot sit in a TFSA or RRSP.
Can you cash a Tangerine GIC before it matures?
Usually not: Tangerine GICs are not cashable before maturity, except where an application for early redemption due to financial hardship has been approved.
Tangerine’s GIC page does not list a cashable or redeemable GIC. What Tangerine does offer is a choice of what happens at maturity: it can renew or reinvest the principal (with or without the interest) into a new GIC at the posted rate, or pay out both principal and interest. You can change that instruction any time during the term.
Compound vs annual interest
Per Tangerine, interest is compounded and/or paid annually on terms of one year or longer, and paid at maturity on terms under one year. On a multi-year term, compounding adds up. A $10,000 5-year GIC at 4.25% compounded annually grows to about $12,313.47, or $2,313.47 of interest. With interest paid out each year instead, the total is $2,125, unless the payouts are reinvested elsewhere.
Which accounts can hold a Tangerine GIC?
Tangerine lists TFSA, RSP and RIF GICs, plus non-registered GICs in Canadian and US dollars; it does not list an FHSA GIC.
- TFSA GIC: interest is tax-free, and withdrawals after maturity add room back the next year.
- RSP GIC: interest is tax-deferred; withdrawals are taxed as income.
- RIF GIC: for people already drawing retirement income.
- Non-registered GIC (CAD or US$): Tangerine notes the interest is taxed annually as income.
Registered accounts carry no fees while the money stays at Tangerine, but a fee applies to transfer it to another financial institution; Tangerine’s fee schedule sets the RSP transfer-out fee at $50.
Tax changes the real return on a non-registered GIC. $10,000 in a 1-year GIC at 3.60% earns $360. At a 40% marginal tax rate, $144 goes to tax and $216 is left, an after-tax yield of 2.16%. The same GIC inside a TFSA keeps the full $360.
Is a Tangerine GIC or savings account better for short-term money?
It depends on when the money is needed: a GIC pays more for a fixed term, while a savings account keeps the money available at a lower, variable rate.
Tangerine’s regular Savings Account rate is 0.30%. On $10,000 for a year, that is roughly $30 of interest, against $360 in a 1-year GIC. New clients on the promotional savings rate earn more for 153 days (about 5 months), and then drop back to the regular rate.
A savings account suits money that:
- may be needed within the year, such as an emergency fund
- has no fixed date attached to it
A GIC suits money that:
- is set aside for a known date one to five years out, such as a down payment
- the saver wants to protect from future rate cuts
Tangerine GIC laddering strategy
A GIC ladder splits money across several terms so part of it matures every year. Tangerine notes that, generally, the longer the term, the more interest you earn, which is what a ladder tries to capture.
Year 1 setup: split the money into five equal GICs with terms of 1, 2, 3, 4 and 5 years. Each year after: when the shortest GIC matures, reinvest it in a new 5-year GIC.
After five years, every GIC in the ladder is a 5-year GIC and one matures each year. At today’s Tangerine rates, a fresh ladder would start at an average rate of 3.99% across its five rungs, and each reinvested rung earns the 5-year rate in force at that time, currently 4.25%.
A ladder gives:
- yearly access to part of the money
- a share of longer-term rates
- less exposure to the rate on any single date
Limitations
- Tangerine’s posted rates are not the highest. EQ Bank’s 1-year GIC pays 3.70% against Tangerine’s 3.60%.
- The money is locked in. Tangerine GICs are not cashable before maturity, except where an application for early redemption due to financial hardship has been approved.
- No FHSA GIC. Tangerine lists TFSA, RSP and RIF GICs, plus non-registered GICs in Canadian and US dollars only.
- Rates can move. A 5-year GIC at 4.25% stays at that rate if market rates later rise, and also if they fall.
- CDIC has limits. CDIC coverage is $100,000 per category, and at Tangerine that includes a separate $100,000 each for joint deposits (collectively, not per person), RRSP deposits and TFSA deposits. Amounts above the limit in one category are not insured.
Bottom line
Tangerine GICs pay 3.60% for 1 year and 4.25% for 5 years, with no minimum and CDIC coverage. They suit savers who already bank with Tangerine, want a RIF or US-dollar GIC, or are investing a small amount. Savers chasing the highest posted rate will find slightly more at EQ Bank on today’s posted rates, as the table above shows.
Common uses:
- Down payment savings one to three years out
- Retirement savings close to the date they will be spent
- The fixed-income part of a TFSA or RSP
- Money moving out of a promotional savings rate when it ends
Read next
- Tangerine Bank review: accounts, fees and CDIC coverage
- EQ Bank review: the main GIC alternative
- Best GIC rates in Canada: rates across banks and terms
- Best high-interest savings account in Canada: for money that needs to stay available
- Best TFSA account in Canada: where to hold a tax-free GIC