Beyond mortgages
Is this a good car loan, card, savings or GIC rate?
This site grades mortgages, because that's where we can compare your rate with today's best published rates. For other rates we show the honest version: how your rate sits against the Bank of Canada's dated figure for the same product, and what the difference costs in dollars. No letter grade.
Is this a good car loan rate?
7.49% is 0.90 points above the typical figure (6.59%). That is $1,090 more interest over the 6-year loan.
Effective rate on new auto loans (personal loan plans), August 2026 (Bank of Canada).
| Reference point | Rate | Date |
|---|---|---|
| Effective rate on new auto loans (personal loan plans) | 6.59% | August 2026 |
| Prime rate (chartered banks, typical) | 4.45% | October 28, 2026 |
Is this a good personal loan rate?
9.99% is 2.07 points above the typical figure (7.92%). That is $520 more interest over the 3-year loan.
Effective rate on new personal loan plans, August 2026 (Bank of Canada).
| Reference point | Rate | Date |
|---|---|---|
| Effective rate on new personal loan plans | 7.92% | August 2026 |
| Prime rate (chartered banks, typical) | 4.45% | October 28, 2026 |
Is this a good line of credit rate?
8.95% is 0.92 points above the estimated typical figure (8.03%). That is $184 more interest per year on that balance.
Effective rate on new unsecured personal lines of credit, August 2026 (Bank of Canada). The Bank of Canada policy rate moved from 2.25% to 2.50% after August 2026. Prime-linked rates usually move by the same amount, so the benchmark is moved by +0.25 points. This is an estimate.
| Reference point | Rate | Date |
|---|---|---|
| Effective rate on new unsecured personal lines of credit | 7.78% | August 2026 |
| Effective rate on new secured personal lines of credit | 4.04% | August 2026 |
| Prime rate (chartered banks, typical) | 4.45% | October 28, 2026 |
Is this a good credit card interest rate?
20.99% is 0.36 points below the typical figure (21.35%). That is $18 less interest per year on that balance.
Effective rate on outstanding credit card balances, August 2026 (Bank of Canada).
| Reference point | Rate | Date |
|---|---|---|
| Effective rate on outstanding credit card balances | 21.35% | August 2026 |
| Criminal interest rate limit (annual percentage rate, Criminal Code s. 347) | 35.00% | in force since January 1, 2025 |
Is this a good savings account rate?
2.25% is 0.25 points below the typical figure (2.50%). That is $64 less earned per year.
Bank of Canada policy rate, October 29, 2026. Savings accounts pay a floating rate, so the overnight rate the Bank targets is the natural yardstick.
| Reference point | Rate | Date |
|---|---|---|
| Bank of Canada target for the overnight rate (policy rate) | 2.50% | October 29, 2026 |
| Posted non-chequable savings deposit rate (major banks) | 0.01% | October 28, 2026 |
Is this a good GIC rate?
3.10% is 0.07 points above the typical figure (3.03%). That is $17 more earned over the 1-year term.
Government of Canada treasury bill yield, 1-year, October 20, 2026. A GIC locks your money for the same term, so the yield on a Government of Canada security of that term is a fair yardstick.
| Reference point | Rate | Date |
|---|---|---|
| Posted GIC rate, 1-year (major banks) | 2.45% | October 28, 2026 |
| Posted GIC rate, 3-year (major banks) | 3.20% | October 28, 2026 |
| Posted GIC rate, 5-year (major banks) | 2.75% | October 28, 2026 |
| Government of Canada benchmark bond yield, 5-year | 3.58% | October 29, 2026 |
Looking for a mortgage, renewal or HELOC? Grade it against today's best rates. Every source is listed on the sources page.