Scotiabank GIC & Savings Rates
Rates last updated Nov 7, 2026
Scotiabank's best GIC rate is currently 2.75% on its 5-Year GIC. Across the 12 GIC terms we monitor, other institutions currently offer higher rates. The tables below show the best alternative for each term.
Deposits at Scotiabank (opens in a new tab) are insured by the Canada Deposit Insurance Corporation (CDIC), which protects eligible deposits up to $100,000 per insured category, per member institution. Learn more at cdic.ca (opens in a new tab).
Scotiabank is available to residents of every province and territory.
Scotiabank GIC Rates by Term
| Product | Rate | Interest Paid | Min. Investment | Best Tracked Rate |
|---|---|---|---|---|
| 1-Month GIC (opens in a new tab) | 2.00% | At maturity | None | 2.15% at RBC Royal Bank |
| 2-Month GIC (opens in a new tab) | 2.00% | At maturity | None | 2.35% at RBC Royal Bank |
| 3-Month GIC (opens in a new tab) | 2.20% | At maturity | None | 4.40% at Duca |
| 4-Month GIC (opens in a new tab) | 2.20% | At maturity | None | 3.00% at Saven Financial |
| 6-Month GIC (opens in a new tab) | 2.30% | At maturity | None | 3.01% at Tru Cooperative Bank |
| 9-Month GIC (opens in a new tab) | 2.40% | At maturity | None | 3.30% at EQ Bank |
| 1-Year GIC (opens in a new tab) | 2.45% | Annual | None | 4.25% at Haventree Bank |
| 1.5-Year GIC (opens in a new tab) | 2.50% | Annual | None | 4.10% at Wealth One Bank of Canada |
| 2-Year GIC (opens in a new tab) | 2.50% | Annual | None | 4.30% at Wealth One Bank of Canada |
| 3-Year GIC (opens in a new tab) | 2.60% | Annual | None | 4.40% at Wealth One Bank of Canada |
| 4-Year GIC (opens in a new tab) | 2.70% | Annual | None | 4.45% at Wealth One Bank of Canada |
| 5-Year GIC (opens in a new tab) | 2.75% | Annual | None | 4.55% at Wealth One Bank of Canada |
Scotiabank Mortgage Rates
| Product | Rate | Lowest Tracked Rate |
|---|---|---|
| 1-Year Fixed Mortgage (opens in a new tab) | 5.49% | 4.19% at Steinbach Credit Union |
| 2-Year Fixed Mortgage (opens in a new tab) | 5.24% | 4.19% at Steinbach Credit Union |
| 3-Year Fixed Mortgage (opens in a new tab) | 6.05% | 4.19% at Steinbach Credit Union |
| 4-Year Fixed Mortgage (opens in a new tab) | 6.09% | 4.29% at Steinbach Credit Union |
| 5-Year Fixed Mortgage (opens in a new tab) | 6.19% | 4.39% at Steinbach Credit Union |
| 7-Year Fixed Mortgage (opens in a new tab) | 6.40% | 4.99% at Prospera Credit Union |
| 10-Year Fixed Mortgage (opens in a new tab) | 6.80% | 5.36% at Prospera Credit Union |
| 3-Year Variable Mortgage (opens in a new tab) | 6.20% | 4.15% at Beem Credit Union |
| 5-Year Variable Mortgage (opens in a new tab) | 5.15% | 3.80% at Steinbach Credit Union |
Closed-term rates for conventional mortgages. Compare every lender in the best Canadian mortgage rates overview or the mortgage rate comparison.
Compare Before You Commit
Rates change frequently and the leader varies by term. See today's best GIC and HISA rates, view every institution side by side in the deposit rate comparison, or estimate your return with the GIC calculator.
Scotiabank Rates: Frequently Asked Questions
What is Scotiabank's best GIC rate right now?
Scotiabank's best GIC rate is currently 2.75% on its 5-Year GIC (as of Nov 7, 2026). The best tracked rate for the same term in Canada is 4.55% from Wealth One Bank of Canada.
What is Scotiabank's 1-year GIC rate?
Scotiabank currently pays 2.45% on a 1-year non-registered GIC (as of Nov 7, 2026). The best 1-year GIC rate we track in Canada is 4.25% from Haventree Bank.
Are Scotiabank GICs and deposits insured?
Yes. Eligible deposits at Scotiabank are protected by the Canada Deposit Insurance Corporation (CDIC), which protects eligible deposits up to $100,000 per insured category, per member institution.
Who can open an account with Scotiabank?
Residents of every province and territory can open an account with Scotiabank.
Does Scotiabank offer a high interest savings account?
We don't currently track a high interest savings account from Scotiabank. We only track its GIC rates. See our full rate comparison for the best HISA rates in Canada.
How do Scotiabank's GIC rates compare to other Canadian banks?
Scotiabank does not currently lead any of the 12 GIC terms we monitor. Online banks and credit unions often pay more than posted big-bank rates. Use our side-by-side rate comparison to see how Scotiabank stacks up against 37 other Canadian institutions across every term.
GIC Rates at Other Canadian Institutions
- Achieva Financial GIC Rates
- Alterna Bank GIC Rates
- ATB Financial GIC Rates
- Beem Credit Union GIC Rates
- BMO GIC Rates
- CIBC GIC Rates
- Canadian Tire Bank GIC Rates
- DUCA Credit Union GIC Rates
- EQ Bank GIC Rates
- FirstOntario Credit Union GIC Rates
- Hubert Financial GIC Rates
- Haventree Bank GIC Rates
- ICICI Bank Canada GIC Rates
- Kindred Credit Union GIC Rates
- Kawartha Financial Services GIC Rates
- Libro Credit Union GIC Rates
- Meridian Credit Union GIC Rates
- Manulife Bank GIC Rates
- National Bank of Canada GIC Rates
- Northern Birch Credit Union GIC Rates
- Northern Credit Union GIC Rates
- Oaken Financial GIC Rates
- Outlook Financial GIC Rates
- Prospera Credit Union GIC Rates
- Peoples Trust GIC Rates
- Pathwise Credit Union GIC Rates
- RBC GIC Rates
- Saven Financial GIC Rates
- Steinbach Credit Union GIC Rates
- Servus Credit Union GIC Rates
- Simplii Financial GIC Rates
- TD GIC Rates
- Tangerine GIC Rates
- Tru Cooperative Bank GIC Rates
- WFCU Credit Union GIC Rates
- WealthONE Bank GIC Rates
- Your Neighbourhood Credit Union GIC Rates
Rates shown are for non-registered CAD deposits and may not reflect promotional or registered-plan offers. Always verify current rates with Scotiabank (opens in a new tab) before making any decisions.
How we collect rates: We regularly collect rates from publicly available information published by financial institutions, with automated checks and periodic spot checks for accuracy.