Scotiabank GIC rates

Deposits issued by The Bank of Nova Scotia

Big Six Bank

Scotiabank publishes separate rate columns for annual, semi-annual and monthly payout, plus a broad market-linked lineup.

Rates verified nightly

· re-checked against Scotiabank's own site

· last check Oct 10, 2026

Best rate

3.30%

today

Rates published

across 4 products

Terms

30 days – 10 years

Minimum deposit

$500

At a glance

Deposit protection

$100,000

CDIC (federal) · insured under The Bank of Nova Scotia

How to buy

Online, Mobile App, Branch, Phone, Financial Advisor

Where it's available

Across Canada

Good to know

CDIC covers eligible deposits up to $100,000 per insured category, per member institution. Registered and non-registered deposits are separate categories. Terms longer than 5 years are not CDIC-insured.

GIC products from Scotiabank

Every GIC Scotiabank currently offers, with the rate range each one pays.

Scotiabank Non-Redeemable GIC

Non-redeemable

2.00% – 3.30%

Terms 30 days – 5 years · min $500

Scotiabank's core locked-in GIC, with short terms from 30 days and long terms to 5 years.

Scotiabank Guaranteed Income Optimizer

Non-redeemable

2.450% – 3.00%

Terms 1 year – 10 years · min $500

A locked-in GIC structured to pay out a regular income.

Scotiabank Market Linked GIC

Market-linked

Market-linked return

min $500

Principal-protected GICs whose return tracks a Canadian or US equity index.

Scotiabank Regular Cashable GIC

Cashable

1.90%

Terms 1 year · min $500

Cashable any time after 30 days with no interest penalty.

Scotiabank rate table

Filter by account type, term and deposit — every number below is from the published rate table.

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Your situation

Deposit amount

$5k

$10k

$25k

$50k

$100k

Account type

Term

Any term

Under 1 year

1 year

18 months

2 years

3 years

4 years

5 years

Over 5 years

Product

GIC type

Currency

Options

Unlimited coverage

Cashable early

Promos only

Any term

Under 1 year

1 year

18 months

2 years

3 years

4 years

5 years

Over 5 years

Account type

Deposit

Best rate in this view

3.30%

Scotiabank Non-Redeemable GIC · 2 years

Rates published

Interest on $10,000

$660

over the 2 years term

Top rate is a limited-time promo

How rates change with term length

Each line is one institution's best posted rate at that term — the 1 most competitive in this view.

Locking in for 5 years currently pays up to 0.30 points more than 1 year.

Scotiabank

Every published rate

Projected value assumes a $10,000 deposit held to maturity. GICs that pay interest out monthly or annually are shown with simple interest; only compounding terms accrue on themselves.

Product	Term	Rate	Value on $10,000
Scotiabank Non-Redeemable GIC Promo Non-redeemable · At maturity · min $500	2 years	3.30%	$10,671 +$671
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	10 years	3.00%	$13,439 +$3,439
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	9 years	2.80%	$12,821 +$2,821
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	5 years	2.75%	$11,453 +$1,453
Scotiabank Non-Redeemable GIC Non-redeemable · Annual · min $500	5 years	2.75%	$11,375 +$1,375
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	5 years	2.75%	$11,453 +$1,453
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	6 years	2.75%	$11,768 +$1,768
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	7 years	2.75%	$12,091 +$2,091
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	8 years	2.75%	$12,424 +$2,424
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	4 years	2.70%	$11,125 +$1,125
Scotiabank Non-Redeemable GIC Non-redeemable · Annual · min $500	4 years	2.70%	$11,080 +$1,080
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	4 years	2.70%	$11,125 +$1,125
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	5 years	2.67%	$11,408 +$1,408
Scotiabank Non-Redeemable GIC Non-redeemable · Semi-annual · min $500	5 years	2.67%	$11,335 +$1,335
Scotiabank Non-Redeemable GIC Non-redeemable · Monthly · min $500	5 years	2.65%	$11,325 +$1,325
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	4 years	2.62%	$11,090 +$1,090
Scotiabank Non-Redeemable GIC Non-redeemable · Semi-annual · min $500	4 years	2.62%	$11,048 +$1,048
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	3 years	2.60%	$10,800 +$800
Scotiabank Non-Redeemable GIC Non-redeemable · Annual · min $500	3 years	2.60%	$10,780 +$780
Scotiabank Non-Redeemable GIC Non-redeemable · Monthly · min $500	4 years	2.60%	$11,040 +$1,040
Scotiabank Guaranteed Income Optimizer Non-redeemable · At maturity · min $500	3 years	2.60%	$10,800 +$800
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	3 years	2.52%	$10,775 +$775
Scotiabank Non-Redeemable GIC Non-redeemable · Semi-annual · min $500	3 years	2.52%	$10,756 +$756
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	18 months	2.50%	$10,377 +$377
Scotiabank Non-Redeemable GIC Non-redeemable · Compound · min $500	2 years	2.50%	$10,506 +$506

Read our full Bank of Nova Scotia (Scotiabank) review

Accounts, service, fees and how it compares beyond GICs.