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Best GIC Rates

Rates subject to change, updated:

We shop all the top banks and lenders, to bring you the best guaranteed investment certificate rates in Canada. Whether you’re looking for a short-term cashable GIC, or want a longer-term investment like an RRSP GIC, we have all the best rates on our site. Find the product that’ll best serve your savings needs, and apply to open it today.

Did you know that rates differ significantly between financial institutions, and within the various channels / methods where you purchase? Browse our Education Centre to learn about the GICs that best suit your saving needs.

CDIC Insured GICs

Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 1.80% Oaken Financial $1000 Open an account Get this rate Compare all rates
180-Day 1.80% Oaken Financial $1000 Open an account Get this rate Compare all rates
1-Yr 2.05% Oaken Financial $1000 Open an account Get this rate Compare all rates
2-Yr 2.40% Oaken Financial $1000 Open an account Get this rate Compare all rates
3-Yr 2.50% Oaken Financial $1000 Open an account Get this rate Compare all rates
4-Yr 2.60% Oaken Financial $1000 Open an account Get this rate Compare all rates
5-Yr 2.75% Oaken Financial $1000 Open an account Get this rate Compare all rates
6-Yr 1.50% Laurentian $500 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
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Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 1.80% Oaken Financial $2500 Open an account Get this rate Compare all rates
180-Day 1.80% Oaken Financial $2500 Open an account Get this rate Compare all rates
1-Yr 2.05% Oaken Financial $1000 Open an account Get this rate Compare all rates
2-Yr 2.40% Oaken Financial $1000 Open an account Get this rate Compare all rates
3-Yr 2.50% Oaken Financial $1000 Open an account Get this rate Compare all rates
4-Yr 2.60% Oaken Financial $1000 Open an account Get this rate Compare all rates
5-Yr 2.75% Oaken Financial $1000 Open an account Get this rate Compare all rates
6-Yr 1.50% Bank of Montreal $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
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Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 1.10% Equitable Bank $500 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
1-Yr 2.05% Oaken Financial $1000 Open an account Get this rate Compare all rates
2-Yr 2.40% Oaken Financial $1000 Open an account Get this rate Compare all rates
3-Yr 2.50% Oaken Financial $1000 Open an account Get this rate Compare all rates
4-Yr 2.60% Oaken Financial $1000 Open an account Get this rate Compare all rates
5-Yr 2.75% Oaken Financial $1000 Open an account Get this rate Compare all rates
6-Yr 1.50% Bank of Montreal $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
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Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.25% Tangerine $1 Open an account Get this rate Compare all rates
180-Day 0.40% ICICI Bank Canada $5000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
1-Yr 0.75% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
2-Yr 1.00% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
3-Yr 1.35% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
4-Yr 1.75% Tangerine $1 Open an account Get this rate Compare all rates
5-Yr 2.10% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
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Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 1.10% Equitable Bank $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
180-Day 1.45% Equitable Bank $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
2-Yr 1.65% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
3-Yr 1.80% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
4-Yr 1.85% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
5-Yr 2.00% State Bank of India $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
6-Yr 1.50% Bank of Montreal $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
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Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.65% Manulife $25000 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
180-Day 0.80% Manulife $25000 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
1-Yr 1.35% ICICI Bank Canada $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
2-Yr 1.65% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
3-Yr 1.80% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
4-Yr 1.85% ICICI Bank Canada $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
5-Yr 2.05% ICICI Bank Canada $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
6-Yr 1.50% Bank of Montreal $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
  Show more   Show fewer
Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
1-Yr 1.46% Equitable Bank $500 Various How to buy
  • Open an account
  • Through some deposit brokers
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
2-Yr 1.65% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
3-Yr 1.80% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
4-Yr 1.85% Industrial Alliance $1000 Through some deposit brokers Get this rate Compare all rates
5-Yr 2.05% ICICI Bank Canada $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
6-Yr 1.50% Bank of Montreal $1000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
  Show more   Show fewer
Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.20% ICICI Bank Canada $5000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
180-Day 0.40% ICICI Bank Canada $5000 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
1-Yr 0.75% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
2-Yr 1.00% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
3-Yr 1.35% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
4-Yr 1.70% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
5-Yr 2.10% State Bank of India $1500 Various How to buy
  • Open an account
  • Through some discount brokerages
  • Through some investment advisors
Get this rate Compare all rates
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Non-CDIC Insured GICs

Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 1.00% Comtech Credit Union $1000 Open an account Get this rate Compare all rates
180-Day 1.00% Comtech Credit Union $1000 Open an account Get this rate Compare all rates
1-Yr 2.05% Hubert Financial $1000 Open an account Get this rate Compare all rates
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Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.70% Libro Credit Union $1000 Open an account Get this rate Compare all rates
180-Day 0.80% Libro Credit Union $1000 Open an account Get this rate Compare all rates
1-Yr 2.05% Hubert Financial $1000 Open an account Get this rate Compare all rates
  Show more   Show fewer
Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 1.00% Comtech Credit Union $1000 Open an account Get this rate Compare all rates
180-Day 1.00% Comtech Credit Union $1000 Open an account Get this rate Compare all rates
1-Yr 2.05% Hubert Financial $1000 Open an account Get this rate Compare all rates
  Show more   Show fewer
Available by opening an account Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.25% FirstOntario Credit Un. $5000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
180-Day 0.35% FirstOntario Credit Un. $5000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
  Show more   Show fewer
Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.95% FirstOntario Credit Un. $5000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
180-Day 0.95% FirstOntario Credit Un. $5000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
1-Yr 1.90% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
2-Yr 1.85% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
3-Yr 1.90% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
4-Yr 2.05% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
5-Yr 2.20% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
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Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
1-Yr 1.90% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
2-Yr 1.85% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
3-Yr 1.90% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
4-Yr 2.05% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
5-Yr 2.20% Entegra Credit Union $1000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
  Show more   Show fewer
Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
1-Yr 1.90% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
2-Yr 1.60% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
3-Yr 1.80% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
4-Yr 2.00% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
5-Yr 1.90% FirstOntario Credit Un. $500 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
  Show more   Show fewer
Available through deposit broker or online brokerage Minimize Table Maximize Table
Term   Provider Min. investment How to buy  
90-Day 0.25% FirstOntario Credit Un. $5000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
180-Day 0.35% FirstOntario Credit Un. $5000 Various How to buy
  • Open an account
  • Through some deposit brokers
Get this rate Compare all rates
  Show more   Show fewer

What is a guaranteed investment certificate?

A guaranteed investment certificate (GIC) is a financial tool that lets Canadians invest their money and earn some guaranteed interest in the process. With a GIC, you invest your money at a bank or other financial institution for a specific period of time (the “term”, 30 days to 10 years), and they will guarantee you a return of the principal (the initial amount you invested) plus pay you interest based on the length of time you contracted your money to them for. Typically, the longer you’re willing to invest your money for, the higher the interest rate you’ll receive.


What types of guaranteed investment certificates exist?

One of the surprising things about GICs is that you can invest in almost anything. If your goal is to save for the short-term and just beat your bank’s savings account interest rate, you can get a basic cashable GIC. If you want to save in a registered savings account, you can also look at RESP GICs, RRSP GICs and TFSA GICs. If you travel to the U.S. often, it may make sense for you to invest in a U.S. currency GIC (or other foreign currency GIC). Finally, if you’re comfortable taking on a bit more risk, you could also look at market-linked GICs.


Why invest in a guaranteed investment certificate?

As the name indicates, what people love about GICs is that the principal is guaranteed to be returned to you, which means you’ll never lose your initial investment. Unlike more volatile investments, such as stocks, GIC investors are not exposed to the possibility of a loss due to market fluctuations. GICs do not generally hold the promise of very high returns, however, but are considered safe, conservative investments.