Tangerine GICs stand out for their highly competitive rates and the fact that there’s no minimum investment requirement—you can get started with as little as $1. That makes them an appealing option for new investors, those with smaller budgets, or anyone who wants a safe way to grow their money without worrying about market volatility.
Rates are strong compared to the big banks, starting at 2.75% for a 90-day term and climbing to 3.55% for 5 years. Available in both RRSP and TFSA accounts, Tangerine GICs provide a straightforward, low-risk way to save, with the convenience of being managed entirely online. While there are fewer GIC types on offer compared to some other institutions, the combination of solid rates and accessibility makes Tangerine a strong contender in the GIC space.
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Tangerine GICs features
Here's an overview of all the rates, details, and features that Tangerine GICs have to offer:
Verified on August 29, 2025
Why You Want It
Ultra competitive rates + No minimum investment to get started.
Special Features
- No minimum investment requirement
Provinces
ALL
GIC
Non-Cashable
1 Year
3%
18 months
3%
2 Years
3.05%
3 Years
3.45%
4 Years
3.25%
5 Years
3.35%
Features
Minimum Investment
$1
Available As FHSA
Minimum Cashable GIC Term (Days)
N/A
Available As RRSP
Maximum Cashable GIC Term (Days)
N/A
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
90
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
1,825
Minimum Market Linked GIC Term (Days)
N/A
Maximum Market Linked GIC Term (Days)
N/A
Minimum U.S. Dollar GIC Term (Days)
90
Maximum U.S. Dollar GIC Term (Days)
1,825
Tangerine GICs product rating: 4.9 stars
Tangerine's rates for GICs are very respectable, especially when compared to rates from the big Canadian banks. Although this online-only bank offers fewer types of GICs than other financial institutions, there are still plenty of options to choose from.
The standout feature of GICs from Tangerine is that there's no minimum investment requirement. If you're a newbie investor, are unsure about GICs, or simply have a small budget for investing, Tangerine GICs are here for you.
Learn more about our rating methodology.
The pros of Tangerine GICs
There's plenty to like about Tangerine GICs – just take a look:
Pros
No minimum investment requirement
While other banks have fairly low minimum investments of $1,000 or even $500, Tangerine has no such requirements. You can invest with as little as $1 if you want to. Not only is this an extremely rare and unusual feature, but it makes Tangerine GICs look particularly attractive to new investors.
Consistently high rates
No, Tangerine doesn't have the highest rates on the market. But its rates are consistently above average, particularly when compared to brick-and-mortar banks and institutions. At the time of writing, the Tangerine 1-year GIC rate is only slightly lower than the best 1-year GIC rate we can find.
A range of GIC types and terms available
While some online banks provide little choice, Tangerine has 5 different types of GICs for you to invest with. You can choose from typical GICs, RSP GICs, Tax-Free GICs, RIF GICs, and/or US$ GICs – each has 9 different term options, ranging from 90 days to 5 years.
U.S. Dollar GICs available
Tangerine has options for investing your USD too. As with all the Tangerine GICs, you have term options that range from 90 days to 5 years for a USD GIC.
User-friendly online experience
Tangerine offers a straightforward online and mobile app experience. If you’re new to investing or you value a no-nonsense digital platform, then you’ll appreciate how easy it is to use Tangerine’s app to manage your money.
The cons of Tangerine GICs
Unfortunately, there are a few, less optimal details about Tangerine GICs that you should be aware of:
Cons
No cashable or market-linked GICs available
You won't find any cashable or market-linked GICs available from Tangerine, so you can't access your money until your term is up and you won't get the typically high returns of a market-linked investment. These are valuable products that we'd like to see added to the Tangerine GIC lineup.
Max term length is 5 years
Particularly if you're using the GIC ladder strategy, having multiple options for GIC term lengths is important for investors. While Tangerine does have several term lengths available, it would be nice to see a few more longer terms.
No branch locations to visit
Online-only banks offer valuable convenience for many people – but not everyone. With no physical branch locations at all, Tangerine clients can’t head to the bank and discuss their concerns with a representative in person.
Tangerine GICs alternatives
So how do the Tangerine GICs compare with other GICs from Canadian banks? Here's a comparison:
 |  |  |  | |
|---|---|---|---|---|
| Account | Tangerine GICs | Scotiabank GICs | TD GICs | RBC GICs |
| Genius Rating | ||||
| Why You Want It | Ultra competitive rates + No minimum investment to get started. | Get flexible terms and interest rates + 100% guaranteed return. | Competitive rates with an impressive selection + Low minimum investment. | Plenty of cashable options + Get personalized advice with MyAdvisor. |
| GIC | Non-Cashable
| Cashable
Non-Cashable
| Cashable
Non-Cashable
| Cashable
Non-Cashable
|
| Minimum Investment | $1 | $500 | $500 | $1,000 |
| Available As FHSA | | | | |
| Minimum Cashable GIC Term (Days) | N/A | 365 | 1 | 30 |
| Available As RRSP | | | | |
| Maximum Cashable GIC Term (Days) | N/A | 365 | 1,825 | 3,650 |
Show More | ||||
| Open an account See more Tangerine products Compare | Open an account See more Scotiabank products Compare | Learn More See more TD products Compare | Learn More See more RBC products Compare |
FAQ
What are Tangerine GICs?
A GIC is a low-risk investment that provides a certain return for a certain length of time. Tangerine offers a variety of non-redeemable GICs, which means you can't take the money out until the term is over.
What are the Tangerine GICs rates?
At the time of writing, the rates for Tangerine GICs range from 2.75% (90-day term for all types) to 3.55% (1.5-year term for most types). Tangerine has some of the best rates available for $US GIC investments.
Does Tangerine have a TFSA GIC?
Yes, Tangerine does offer TFSA GICs, as well as several other types. GICs can be a valuable investment decision as your returns are guaranteed – and rates are high right now, which means they're a solid choice.
What's the minimum investment for Tangerine GICs?
There is absolutely no minimum investment requirement with Tangerine GICs. There are other financial institutions that offer low minimums, but we're unaware of any other place with no minimum whatsoever, making it an appealing feature for Tangerine.
Does Tangerine have cashable GIC?
No, Tangerine doesn't currently offer cashable GICs. It does offer RSP GICs, Tax-free GICs, RIF GICs, and US dollar GICs, but all of these require your money be locked up until your chosen term expires.
Can you withdraw money from a GIC Tangerine?
It may be possible to withdraw money ahead of your GIC’s maturity date if you can demonstrate financial hardship. Still, the ultimate decision belongs to the issuing institution, there may be fees, and you could lose your accumulated interest.
Is my money safe in Tangerine?
Yes, your money is as safe in Tangerine as any other major bank in Canada. Tangerine has standard security practices, and eligible deposits are protected by the CDIC. It's also backed by Scotiabank, which provides even more protection.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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