Desjardins GICs review
Best for: Desjardins members who buy on AccesD and want online-only term savings rates, especially on a 5-year term.
Term S@vings, regular rate, online only on AccesD; 3.30% at a caisse or branch
Term S@vings regular rate; 4.00% at a caisse or branch
Redeemable Savings; no interest if redeemed in the first 30 days
$1,000 non-registered; $5,000 for terms under 1 year
Per person, per deposit category, for insurable deposits in Quebec
The bottom line
Desjardins pays more on its online-only Term S@vings than at a caisse: 3.40% for 1 to 3 years, 3.45% for 4 years and 4.10% for 5 years, against 3.30% to 4.00% for branch Term Savings. Redeemable Savings pays 2.00%, and climbing-rate terms add yearly access. Rates shown are from Desjardins’ Quebec site, so Ontario members should confirm theirs.
Pros & cons
Pros
- Online Term S@vings pays more than branch Term Savings
- Terms from 30 days to 10 years
- Climbing-rate terms you can redeem each anniversary
- Wide plan support, including RDSP, LIRA and LIF
- Term savings count toward member dividends where paid
Cons
- Terms under 1 year need $5,000
- Terms over 5 years must be bought by phone or in person
- RESP eligibility isn’t listed
- Ontario rates may differ from the Quebec rates shown
A good fit for members comfortable buying on AccesD, where Term S@vings pays more than the same term at a caisse. Confirm your province’s rates first.
Suits you if
- You’re a Desjardins member who uses AccesD.
- You want a 5-year term.
- You want yearly access through climbing-rate terms.
Look elsewhere if
- You want a short term with under $5,000.
- You need a GIC inside an RESP.
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Our detailed review
Desjardins GIC rates by term
Desjardins calls its GICs term savings. We read these rates from Desjardins’ Quebec website, last checked October 15, 2026. Rates change often, and Desjardins Ontario Credit Union rates may differ, so confirm before you invest.
Desjardins prices two non-redeemable products. Term S@vings is sold online only on AccesD for 1 to 5 years. Term Savings is sold at a caisse or branch, or by phone, from 30 days to 10 years. Both are regular rates, not limited-time offers.
- 1, 2 and 3 years: 3.40% online, 3.30% at a caisse
- 4 years: 3.45% online, 3.35% at a caisse
- 5 years: 4.10% online, 4.00% at a caisse
- 6 to 10 years: 4.00%, by phone or at a caisse
- Under 1 year: 1.70% to 2.30%, $5,000 minimum
Redeemable and other Desjardins term savings
Redeemable Savings pays 2.00% on a 1-year term. You can redeem all or part at any time for free, but you earn no interest if you redeem in the first 30 days, partial redemptions must be at least $1,000, and $1,000 must stay invested.
Redeemable Climbing-Rate Term Savings raises your rate each year and averages 3.15% over 3 years or 3.85% over 5 years. You can redeem on each anniversary date, at an appointment at a caisse or branch.
Desjardins also offers Regular Income Term Savings and Personalized Annuity Term Savings for RRIF or LIF income, both at 3.30% to 4.00% for 1 to 5 years, plus market-linked guaranteed investments. A pre-TFSA promotion lets you invest your 2027 TFSA contribution until December 31, 2026 at 2.40% online or 2.25% at a caisse, maturing January 4, 2027.
Registered plans and how interest is paid
Desjardins term savings can be held in a TFSA, RRSP, FHSA, RRIF, RDSP, LIRA or LIF. The minimum is $500 in a registered plan and $1,000 in a non-registered account. RESP eligibility isn’t listed on the pages we read.
Some term savings let you choose simple or compound interest. Simple interest is earned on your principal and can be deposited each year into another account. Compound interest is reinvested in the term savings each year. Desjardins doesn’t describe monthly payout options on these pages.
Deposit insurance
Each Desjardins caisse is an authorized deposit institution in Quebec, where the AMF protects insurable deposits up to $100,000 per person, per deposit category. Desjardins says term savings are eligible for deposit insurance up to a limit, and notes that CDIC and FSRA in Ontario generally apply the same rules.
How to buy Desjardins term savings
Term S@vings is sold only online on AccesD. For branch Term Savings, book an appointment through AccesD, in person, online or by phone at 1-800-224-7737. Terms under 1 year or over 5 years are sold by phone or at a caisse. You can renew online on AccesD from 25 days before maturity.
Other gics we review
- Saven Financial GICs1-year GIC: 3.80%
- Oaken Financial GICs1-year GIC: 3.75%
- EQ Bank GICs1-year GIC: 3.70%
- Tangerine GICs1-year GIC: 3.60%
- Manulife Bank GICs1-year GIC: 3.35%
- Meridian GICs1-year GIC: 3.30%
- National Bank GICs1-year GIC: 3.30% posted
- Vancity GICs1-year GIC: 3.10% (3.30% registered)
- BMO GICs1-year GIC: 3.00% posted
- CIBC GICs1-year GIC: 3.00% promo
- RBC GICs1-year GIC: 3.00% special
- TD GICs1-year GIC: 3.00% posted
- Simplii Financial GICs1-year GIC: 2.90% APY
- Alterna Bank GICs1-year GIC: 2.65%
- Scotiabank GICs1-year GIC: 2.45% posted
Frequently Asked Questions
What is Desjardins Term S@vings?
It’s Desjardins’ online-only non-redeemable term savings, sold on AccesD for 1 to 5 years. It pays 3.40% for 1 to 3 years, 3.45% for 4 years and 4.10% for 5 years, slightly more than the same terms at a caisse.
What is Desjardins’ 1-year GIC rate?
Desjardins lists 3.40% on a 1-year Term S@vings bought online, or 3.30% on 1-year Term Savings at a caisse or branch. These are regular rates from Desjardins’ Quebec site.
Can I redeem Desjardins term savings early?
Only redeemable products. Redeemable Savings can be redeemed at any time, with no interest if you redeem in the first 30 days. Redeemable Climbing-Rate Term Savings can be redeemed on each anniversary date.
How is Desjardins term savings insured?
In Quebec, the AMF protects insurable deposits at each caisse up to $100,000 per person, per deposit category. Desjardins notes that CDIC and FSRA in Ontario generally apply the same rules.
Are Desjardins GIC rates the same in Ontario?
Not necessarily. The rates we read come from Desjardins’ Quebec site, and Desjardins Ontario Credit Union rates may differ. Check the Ontario rates page or ask an advisor.
What is the Desjardins pre-TFSA promotion?
It lets you invest your 2027 TFSA contribution early, until December 31, 2026, at 2.40% online or 2.25% at a caisse or branch. The investment matures on January 4, 2027.
Can I buy a 10-year GIC at Desjardins?
Yes. Desjardins Term Savings runs up to 10 years, with 6 to 10-year terms at 4.00%. Terms over 5 years are sold by phone or at a caisse or branch, not online.
Sources
Rates come from Desjardins GICs’s own site, checked October 15, 2026. GIC rates change often and can differ for registered accounts or larger deposits, so confirm the rate before you buy. See our methodology.