Compare GIC Rates
Did you know the best GIC rates might not be found at the big banks? Use our tool to find the best GIC rates from all the providers across Canada.
1-Yr Non-registered |
1-Yr Non-registered |
1-Yr Non-registered |
1-Yr Non-registered |
Don't see a GIC term you're looking for?
or check out all the GIC rates in the table below
Rate | Provider | |
1.40% | motusbank | Get this rate |
1.40% | MAXA Financial | Get this rate |
1.40% | Oaken Financial | Get this rate |
1.30% | EQ Bank | Get this rate |
0.85% | Meridian Credit Union | Get this rate |
Choosing a GIC that's right for you and your saving and investing goals depends on a few factors, all of which tend to be specific to the person using them. Considering that GICs are locked until the term deposit is complete, you should start by selecting a GIC term that reflects the time limit you're comfortable with being unable to access your funds. A reasonable GIC rate beats inflation each year, considering that terms are usually lengthy means that your money will need to grow at a rate that makes the investment worth the commitment.
Guaranteed Investment Certificates (GICs) offer, as the name suggests, a guaranteed, low risk return on your investment. You could use GICs to save for a short terms savings goal, build a GIC laddering strategy or diversify your portfolio. One thing to keep in mind is that as a result of reduced volatility, GICs offer lower returns than riskier investments like robo-advisors and online brokerages. That said, GICs are a great option for those seeking a safe and passive route to investing.
Did you know the best GIC rates might not be found at the big banks? Use our tool to find the best GIC rates from all the providers across Canada.