Simplii Financial is a digital bank backed by the Canadian Imperial Bank of Commerce (CIBC). The bank was known as PC Financial before rebranding in 2017. Simplii serves nearly two million clients with its suite of no-fee, online and phone-based banking, borrowing and investment options — including non-redeemable guaranteed investment certificates (GICs) for various term and interest payment options.
Simplii Financial’s current GIC ratesSimplii Financial GIC rates for registered and non-registered deposit terms, as of Oct. 1, 2025.
Note: Some Simplii GICs offer interest payment options, and your GIC interest rate may depend on the term and payment option you choose.
| | |
1 Year | 3.00% | 3.00% |
2 Year | 3.00% | 3.00% |
3 Year | 3.10% | 3.10% |
4 Year | 3.30% | 3.30% |
5 Year | 3.40% | 3.40% |
The best Simplii GIC ratesAccount | Interest rate | Minimum deposit | Term |
Simplii Financial Non-registered 1 Year GIC |
| 3.20%
As of September 17, 2025 | $100
| 1 Year
|
Simplii Financial Non-registered 2 Year GIC |
| 3.10%
As of September 17, 2025 | $100
| 2 Years
|
Simplii Financial Registered 5 Year GIC |
| 3.65%
As of September 17, 2025 | $100
| 5 Years
|
What to know about Simplii Financial GICsSimplii’s non-redeemable GICs offer a fixed rate of return and are available from terms ranging from one to five years.
Similar to other Simplii Financial products, these term investments are issued by CIBC in all Canadian provinces, excluding Quebec.
Note: Some Simplii GICs offer interest payment options, and your GIC interest rate may depend on the term and payment option you choose.
| | |
1 Year | 3.00% | 3.00% |
2 Year | 3.00% | 3.00% |
3 Year | 3.10% | 3.10% |
4 Year | 3.30% | 3.30% |
5 Year | 3.40% | 3.40% |
The best Simplii GIC ratesAccount | Interest rate | Minimum deposit | Term |
Simplii Financial Non-registered 1 Year GIC |
| 3.20%
As of September 17, 2025 | $100
| 1 Year
|
Simplii Financial Non-registered 2 Year GIC |
| 3.10%
As of September 17, 2025 | $100
| 2 Years
|
Simplii Financial Registered 5 Year GIC |
| 3.65%
As of September 17, 2025 | $100
| 5 Years
|
What to know about Simplii Financial GICsSimplii’s non-redeemable GICs offer a fixed rate of return and are available from terms ranging from one to five years.
Similar to other Simplii Financial products, these term investments are issued by CIBC in all Canadian provinces, excluding Quebec.
How to choose a Simplii Financial GICChoosing a Simplii Financial GIC that works best for you will depend on factors like your investment goals and time horizon. Are you looking to earn interest while you save for a short-term objective? Or are you hoping to include the GIC in your RRSP to gain medium-term growth toward your retirement goals?
As with many GIC products, with a Simplii GIC your principal investment is protected and you get a guaranteed amount of interest for your term — giving you a safer way to grow their wealth. So you can rest assured and choose a Simplii Financial GIC based on your financial plans, considering factors like:
Types of GICs available.
Variety of terms.
Interest rates.
Types of Simplii Financial GICsSimplii’s GIC options are non-redeemable, offered at fixed rates and are eligible for both:
Simplii Financial GIC termsSimplii offers mid- to longer term GICs for 1, 2, 3, 4 and 5 years in length.
At the moment, Simplii’s GICs offer higher standard rates of interest, with no bonus offers.
A fixed interest rate is calculated daily based on the simple annual interest rate. Simplii pays or compounds the interest on a monthly basis for non-registered GICs and compounds the interest monthly and pays it at maturity for the RRSP GICs.
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