Last updated on October 1, 2019
Using Ratehub.ca’s GIC Calculator can help you get a better understanding of how much a specific GIC interest rate will earn you over a particular term. It can also help you plan and weigh-out which options for investing goals make the most sense for you. Simply input your deposit amount, investment term or for how long you would be ok with locking your money in a GIC and interest rate. If you’d like to know what are the latest GIC rates in Canada, scroll down this page for a best GIC rates in Canada comparison table.
You can use Ratehub.ca’s GIC calculator to determine the future value of your investments. To use the calculator, follow these steps:
If you’d like to know what the latest GIC rates in Canada are, scroll down this page for the best GIC rates in Canada comparison table.
According to the Bank of Canada, the annual inflation rate in Canada is currently 1.9% (slightly down from previous 2.0%). Rate of inflation is an important number to keep in mind when you are calculating your investments' returns.
Quick comparison table of some of the best GIC rates in Canada. If you’d like to see all types and terms, check out our GIC comparison tables.
|1.25%||Concentra Bank||Get this rate|
|1.20%||EQ Bank||Get this rate|
|0.85%||Meridian Credit Union||Get this rate|