Advertiser disclosure: CreditLab.ca may earn a commission when you apply through our links. It never changes how we compare products. How we make money
CreditLabCompare cards
// Gi · GIC

Tangerine GICs review

Best for: Tangerine Clients who want a $10 minimum, matching RSP, TFSA and RIF rates, and the option of US dollar GICs.

By the CreditLab research team · Checked October 15, 2026

GIC
Tangerine GICs

#4 in our gics ranking. See how we rank

Visit site On the official site

The bottom line

Tangerine’s rate feed showed 3.60% on a 1-year GIC and 4.25% on a 5-year GIC when we checked, with the same rates in RSP, Tax-Free and RIF GICs. You can start with $10 and choose terms from 90 days to 5 years, plus US dollar GICs. Every GIC is non-redeemable, there’s no FHSA GIC on the rates page, and you must become a Tangerine Client first.

Pros & cons

Pros

  • $10 minimum to open a GIC
  • RSP, TFSA and RIF GICs earn the same rates as non-registered
  • US dollar GICs from 90 days to 5 years
  • No monthly fee
  • Fund from another bank through a linked account

Cons

  • No cashable GIC; early redemption only in exceptional cases
  • FHSA GICs not listed on the rates page
  • Maximum deposit per GIC not stated on the pages we read
LAB REPORT

A low-minimum, no-fee GIC lineup from a CDIC member, with registered rates that match and a US dollar option. Plan to hold to maturity, since early redemption needs an approved hardship-style application.

Suits you if

  • You want to start a GIC with a small amount.
  • You hold US dollars and want a guaranteed term.
  • You want a RIF GIC at the regular rate.

Look elsewhere if

  • You want a GIC inside your FHSA.
  • You need a cashable GIC for flexible savings.

Credit Lab Expert

Our detailed review

Tangerine GIC rates by term

We checked Tangerine’s GIC rates on October 15, 2026. Its rates page loads figures from Tangerine’s own rate feed, so we took the numbers from that feed. Rates change often, so check Tangerine’s site before you buy. All terms below are non-redeemable, and Tangerine says RSP, Tax-Free (TFSA) and RIF GICs earn the same rates.

  • 90 days: 2.50%
  • 180 days: 2.75%
  • 270 days: 3.25% in the rate feed (a product page line still says 3.00%)
  • 1 year: 3.60%
  • 18 months: 3.75%
  • 2 years: 3.85%
  • 3 years: 4.10%
  • 4 years: 4.15%
  • 5 years: 4.25%

Cashable GICs and other options

Tangerine doesn’t publish a cashable GIC. Its GICs are designed to be held to maturity, and Tangerine says early redemption is possible only in exceptional cases such as financial hardship, and only if your application is approved. Treat the money as locked in for the full term.

The 270-day rate is worth confirming. The rate feed dated October 3, 2026 shows 3.25%, while a static line on the GIC product page still says 3.00%. Ask Tangerine which applies before you buy that term.

Tangerine also sells US dollar GICs from 90 days to 5 years, listed at 4.25% for 1 year and 4.50% for 5 years when we checked, plus business GICs.

Registered plans and how interest is paid

You can hold Tangerine GICs in an RSP, a Tax-Free Savings Account or a RIF, at the same rates as non-registered GICs. The rates page we read didn’t list FHSA GICs, so check with Tangerine if you want one in a First Home Savings Account.

Rates are annual fixed rates, accrued daily on a 365/366-day basis. On terms of 1 year or longer, interest is compounded and/or paid annually. On terms under 1 year, interest is paid at maturity.

Deposit insurance and safety

Tangerine is a trade name of Tangerine Bank, a wholly-owned subsidiary of The Bank of Nova Scotia. Tangerine Bank is a CDIC member in its own right, so eligible GIC deposits are covered by CDIC within its limits. Check the CDIC site for how coverage applies to your registered and non-registered GICs.

How to buy a Tangerine GIC

You buy GICs online or in the Tangerine mobile app, and you must be a Tangerine Client, which means signing up digitally first. You can fund a GIC from a linked account at another bank or from another Tangerine account. The minimum is $10, Tangerine charges no monthly fee, and we didn’t find a maximum per GIC on the pages we read.

Other gics we review

Compare them side by side

Frequently Asked Questions

What is Tangerine’s 5-year GIC rate?

Tangerine’s rate feed showed 4.25% on a 5-year non-redeemable GIC when we checked on October 15, 2026. The same rate applies to RSP, Tax-Free and RIF GICs. Its 5-year US dollar GIC was listed at 4.50%.

Is my Tangerine GIC insured by CDIC?

Tangerine Bank is a CDIC member in its own right, and Tangerine is its trade name. Eligible GIC deposits are covered within CDIC limits. Tangerine Bank is a wholly-owned subsidiary of The Bank of Nova Scotia.

What is the minimum to open a GIC at Tangerine?

Tangerine says you can open a GIC with $10. We didn’t see a maximum per GIC on the pages we reviewed, so ask Tangerine if you plan to deposit a large amount.

Can I withdraw money from a Tangerine GIC before it matures?

Usually not. Tangerine GICs are designed to be held to maturity, and early redemption is allowed only in exceptional cases such as financial hardship, on an approved application.

Does Tangerine offer US dollar GICs?

Yes. Tangerine offers US dollar GICs from 90 days to 5 years. When we checked, the 1-year US dollar rate was 4.25% and the 5-year rate was 4.50%.

Can I hold a Tangerine GIC in a RIF?

Yes. Tangerine offers RIF GICs at the same rates as its non-registered, RSP and Tax-Free GICs. That lets you keep earning a fixed rate while drawing retirement income.

What is Tangerine’s 270-day GIC rate?

Tangerine’s rate feed dated October 3, 2026 shows 3.25% for 270 days, but a static line on its GIC product page still says 3.00%. Confirm the rate with Tangerine before you buy.

Sources

Rates come from Tangerine 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.