Business GICs

Get guaranteed returns—like 3.20%* on a 1-year GIC.

Grow your business with low-risk GICs at some of the best rates in the market.
Invest now

High returns for your business without all the usual risk

  • Guaranteed returns

    Lock in high returns (and peace of mind) with some of the best rates in the market.

  • Option to fit your business

    Enjoy the flexibility of short- or longer-term GIC options—and start investing with as little as $100.

  • Purchase online in seconds

    As long as you have available funds in your Business Account, you can buy a GIC in a few clicks.

  • Safe investments

    All deposits in EQ Bank products are eligible for Canada Deposit Insurance Corporation (CDIC) protection.†

Illustration of a shield.

Don’t miss our featured Business GIC rates

6 Month

2.70%*

1 Year

3.20%*

Try our Business GIC calculator

Find out how much your investment will grow with our different options.

Interest calculations are estimates.

How much do you want to invest?
GIC term
How do you want your interest paid out?
Simple interest is calculated on a per annum basis

Try our Business GIC calculator

Find out how much your investment will grow with our different options.

Interest calculations are estimates.
Our rate
GIC term 
Estimated earned interest
Estimated value at maturity
Our rate
2.50%
GIC term 
Estimated earned interest
0
Our rate
2.70%
GIC term 
Estimated earned interest
1
Our rate
2.85%
GIC term 
Estimated earned interest
2
Our rate
3.20%
GIC term 
Estimated earned interest
3
Our rate
3.30%
GIC term 
Estimated earned interest
4
Our rate
3.50%
GIC term 
Estimated earned interest
5
Our rate
3.55%
GIC term 
Estimated earned interest
6
Our rate
3.60%
GIC term 
Estimated earned interest
7
Our rate
3.75%
GIC term 
Estimated earned interest
8
Our rate
3.80%
GIC term 
Estimated earned interest
9
Our rate
2.35%
GIC term 
Estimated earned interest
10
Our rate
2.35%
GIC term 
Estimated earned interest
11
Our rate
2.35%
GIC term 
Estimated earned interest
12
Our rate
GIC term 
Estimated earned interest

Browse rates and terms to find the right GIC

Have questions? Get answers to common questions about GICs.

Business GICs

Term Rate* Start investing
1 Year 3.20%
15 Month 3.30%
2 Year 3.50%
27 Month 3.55%
3 Year 3.60%
4 Year 3.75%
5 Year 3.80%

Business GICs

Short term Business GICs (less than 1 year)
Term Rate* Start investing
3 month 2.50%
6 month 2.70%
9 month 2.85%

Business GICs

Long term Business GICs (1 year or longer)
Term Rate* Start investing
1 Year 3.20%
15 Month 3.30%
2 Year 3.50%
27 Month 3.55%
3 Year 3.60%
4 Year 3.75%
5 Year 3.80%
6 Year 2.35%
7 Year 2.35%
10 Year 2.35%

Common questions answered

Visit our FAQ for more details about our GICs.

How many Business GICs can I buy?

You can buy up to 20 GICs per business. Each GIC purchase must be for at least $100. The per GIC investment limit is $100,000. Aggregate GIC investment limit of $2,000,000 per business.

What happens when my Business GIC matures?

Once your GIC reaches the maturity date, the funds will be placed in your Business Account (the one from which your initial investment was funded). You will receive an email or SMS alert notifying you of the GIC maturity.

Can I redeem GICs before they mature?

Unfortunately not. Once the cancellation period has passed, your GIC is non-redeemable, and your funds are locked in. For more information, please refer to the EQ Bank GIC Agreement.

Is the interest earned from my GIC taxed?

Yes. Any interest you earn from your GIC investments will be included on your T5 tax slip.

Will I get a physical certificate for my GIC purchase?

No, but you can view your current and previous GIC purchases by signing in to your account.

Are Business GICs available in Quebec?

Business GICs are not currently available in Quebec.

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Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

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