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TD GICs review

Best for: TD customers who want the same GIC rate at any deposit size, plus limited-time 14 and 18-month Special Offer terms.

By the CreditLab research team · Checked October 15, 2026

GIC
TD GICs

#13 in our gics ranking. See how we rank

Visit site On the official site

The bottom line

TD’s standard non-cashable GICs pay 3.00% for 1 year up to 3.55% for 5 years, with the same rate at every deposit size. Limited-time Special Offer GICs add 3.05% for 14 months and 3.25% for 18 months. Cashable choices pay much less, starting at 1.75% on the 1-Year Cashable GIC, and you buy online through EasyWeb, at a branch or by phone.

Pros & cons

Pros

  • Same rate whether you invest $1,000 or $100,000
  • Special Offer GICs at 3.05% for 14 months and 3.25% for 18 months
  • $500 minimum in an RSP, RIF, RESP or FHSA
  • Market Growth and U.S. dollar GICs available

Cons

  • Cashable GICs pay far less than non-cashable terms
  • Special Offer GICs have no stated end date
  • Short-term GICs need $5,000 in non-registered accounts
LAB REPORT

A straightforward lineup if you bank with TD and want one rate at any deposit size. The 14 and 18-month Special Offer terms are worth comparing before you settle on a standard term.

Suits you if

  • You want the same rate on a small deposit.
  • You’re happy with a 14 or 18-month term.
  • You already use TD EasyWeb.

Look elsewhere if

  • You need easy access to your money.
  • You want a GIC inside an RDSP.

Credit Lab Expert

Our detailed review

TD GIC rates by term

We read these rates from TD’s website and rate service, last checked October 15, 2026. GIC rates change often, so confirm the current rate with TD before you invest.

TD’s standard non-cashable product is the GIC Long-Term, sold as a simple interest or compound interest GIC at the same rate. TD pays the same rate in every deposit tier, so a small deposit earns what a large one does. TD doesn’t show a 1-year special, so 3.00% is its posted 1-year rate.

  • 1 year: 3.00%
  • 2 years: 3.20%
  • 3 years: 3.30%
  • 4 years: 3.35%
  • 5 years: 3.55%
  • GIC Short-Term (30 to 270 days): 1.80% to 2.05%, simple interest at maturity

Special Offer GICs

TD lists limited-time Special Offer GICs. The non-cashable versions pay 3.05% for 14 months and 3.25% for 18 months, with compound interest calculated annually and paid at maturity. A 100-day cashable Special Offer GIC pays 1.80%. TD doesn’t give an end date for these rates.

Note that Special Offer GICs renew automatically into another Special Offer GIC of the same term, so check the renewal rate before maturity if you want to move your money.

Cashable and other TD GICs

The TD 1-Year Cashable GIC pays 1.75% and can be cashed in full or in part after 30 days, with tiered cash-out rates for early cashing. The TD 3-Year Premium Rate Cashable GIC pays 2.50% and can be cashed at any time at tiered rates, but pays no interest if redeemed before 91 days. A Short Term Cashable GIC for 1 to 29 days needs $100,000.

TD also offers a 5-Year Stepper GIC whose rate escalates each year, Market Growth GICs linked to Canadian banks, utilities and U.S. stocks with a guaranteed minimum return, and U.S. dollar GICs paying 3.90% to 4.10% for 1 to 5 years in non-registered accounts.

Registered plans, interest and insurance

TD GICs can be held in a TFSA, RRSP, FHSA, RRIF or RESP. Long-term GICs need $500 in an RSP, RIF, RESP or FHSA and $1,000 in a TFSA or non-registered account. TD’s GIC pages don’t mention RDSP eligibility.

Compound interest GICs and Special Offer GICs calculate interest annually and pay it at maturity. Short-term GICs pay simple interest at maturity. TD’s pages don’t describe payout frequencies for the simple interest Long-Term GIC, so ask if you want annual or monthly income.

TD says its GICs are eligible for CDIC insurance of up to $100,000 per CDIC member for each insured category.

How to buy a TD GIC

Existing TD customers can buy GICs online by signing in to EasyWeb. You can also book an appointment at a branch or call 1-888-568-0951. TD’s pages don’t say whether you can buy in the TD app.

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Frequently Asked Questions

What is TD’s 5-year GIC rate?

TD lists 3.55% on a 5-year non-cashable GIC, with simple or compound interest at the same rate. The rate is the same at every deposit size.

What is the TD Special Offer GIC?

It’s a limited-time GIC. The non-cashable versions pay 3.05% for 14 months and 3.25% for 18 months, and a 100-day cashable version pays 1.80%. They renew automatically into another Special Offer GIC of the same term.

Can I cash out a TD GIC early?

Only cashable GICs. The TD 1-Year Cashable GIC can be cashed in full or in part after 30 days at tiered cash-out rates. The 3-Year Premium Rate Cashable GIC pays no interest if redeemed before 91 days.

Does TD pay more on larger GIC deposits?

No. TD shows the same rate across all deposit tiers for its standard and Special Offer GICs. A $1,000 deposit earns the same rate as one over $100,000.

Can I hold a TD GIC in an FHSA?

Yes. TD offers GICs in an FHSA, with a $500 minimum for long-term terms. The 30 and 60-day short-term GICs aren’t offered in registered plans.

Does TD offer U.S. dollar GICs?

Yes. TD’s 1 to 5-year non-cashable U.S. dollar GICs pay 3.90% to 4.10%, and a 1-year U.S. dollar cashable GIC pays 2.50%. They’re for non-registered accounts only.

Sources

Rates come from TD 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.