Deposit Rates
Earn high interest on your savings
Our rates
Peoples Group offers a range of savings products through Peoples Trust and Peoples Bank. Both Peoples Trust Company and Peoples Bank of Canada are members of the Canada Deposit Insurance Corporation (CDIC).
Savings Accounts1
Account |
Interest Rate |
|---|---|
| e-savings | 1.20% |
| Tax-free savings | 1.20% |
Non-registered GICs2
Short-Term GICs (less than 1 year)
Term |
Interest Rate |
|---|---|
| 30 day | 1.20% |
| 60 day | 1.50% |
| 90 day | 1.90% |
| 120 day | 2.05% |
| 180 day | 2.30% |
| 270 day | 2.50% |
Long-Term GICs
Term |
Interest Rate |
|---|---|
| 15 months | 2.90% |
| 1 year | 2.90% |
| 2 year | 3.00% |
| 3 year | 3.25% |
| 4 year | 3.25% |
| 5 year | 3.45% |
RRSP GICs2
Term |
Interest Rate |
|---|---|
| 1 year | 2.90% |
| 2 year | 3.00% |
| 3 year | 3.25% |
| 4 year | 3.25% |
| 5 year | 3.45% |
TFSA GICs2
Term |
Interest Rate |
|---|---|
| 1 year | 2.90% |
| 2 year | 3.00% |
| 3 year | 3.25% |
| 4 year | 3.25% |
| 5 year | 3.45% |
Savings Accounts1
Account |
Interest Rate |
|---|---|
| e-savings | 1.20% |
Non-registered GICs2
Short-Term GICs
Term |
Interest Rate |
|---|---|
| 30 days | 1.20% |
| 60 days | 1.50% |
| 90 days | 1.90% |
| 120 days | 2.05% |
| 180 days | 2.30% |
| 270 days | 2.50% |
Long-Term GICs
Term |
Interest Rate |
|---|---|
| 15 months | 2.90% |
| 1 year | 2.90% |
| 2 year | 3.00% |
| 3 year | 3.25% |
| 4 year | 3.25% |
| 5 year | 3.45% |
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1 Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
2 These rates are provided for information purposes only and are subject to change without notice. However, once you’ve purchased your GIC, your rate is guaranteed. Certificates are non-redeemable prior to maturity.
Interest is calculated daily and accrues for the entire GIC term. For GICs that have a term of:
- 1 year or less: interest is paid at maturity.
- 15 months: interest compounds annually and is paid at maturity.
- 2 years or more: you can choose to have interest paid on the anniversary date or compound annually and be paid at maturity.