The best 120-day non-registered GIC rates
better choices made
to Canada’s top financial institutions
The best overall GICs in Canada
What is a non-registered guaranteed investment certificate?
A guaranteed investment certificate (GIC) is a financial tool that lets Canadians invest their money, and guarantees the return of your principal + a set amount of interest. A non-registered GIC, specifically, is basically any GIC that is not invested in one of the registered savings deposits that exist in Canada (i.e. RSP, RESP, RDSP, RIF). With a non-registered GIC, you invest your money for a set period of time (the “term”) and are guaranteed to earn a set amount of interest, so long as you don’t redeem your money before the GIC’s maturity date. Typically, the longer you invest for, the higher the interest rate you’ll receive.
What types of non-registered GICs exist?
As we mentioned, a non-registered GIC is any GIC that is not invested in a registered savings deposit. These include: redeemable GICs, non-redeemable GICs and even some market-linked GICs. With redeemable GICs, you earn less interest in return for the flexibility to cash out early. Non-redeemable GICs, on the other hand, pay higher interest rates as an incentive to invest for longer. And if you’re comfortable taking on a bit more risk, market-linked GICs are tied to the performance of the stock market. With them, you’re not guaranteed to see a return, but there is potential to earn a much higher one than with a regular non-registered GIC product.
Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.
When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.
Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.
How does Ratehub.ca make money?
Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.