What does a term deposit pay after inflation?
The rate on the poster is not what you keep. Pick a term, and this reads the Bank of Canada's own yield for it against the latest inflation reading.
Your figures
Nothing is assumed beyond the figures on this page. Tax is not modelled.
Not right now: inflation is missing
The last inflation figure we hold is from August 1, 2026, and Statistics Canada has published since. We would rather show you nothing than a figure that has been overtaken. Your numbers are kept above; the answer appears the day the new reading is stored.
The working
- The published yield for this term
- 3.37%
- Inflation, last 12 months
- awaiting the reading
- What is left after inflation
Where inflation comes from
Last stored reading August 1, 2026.
We do not carry US cards
This tool answers the question the same way wherever you are. What we cannot do here is tell you which card to move to, because we have no US card data and we are not going to guess at rates.
Nothing on this page is a recommendation, and we are not paid anything on it.
Arithmetic on your figures. Not a recommendation or personal advice. It does not predict next year, and it does not ask for your bank account.
Put this against your month
What is left to spend this month?
A published rate is context. Your leftover is what you can actually use. Four figures, in this browser, under a minute.
No account. Nothing you type is sent to us.