Your Guide to Canadian GIC Rates
We provide up-to-date GIC rates for every financial institution in Canada.
Rates shown are for informational purposes only.
We provide up-to-date GIC rates for every financial institution in Canada.
Rates shown are for informational purposes only.
Big Five Banks: TD at 2.8%
Other Banks: RFA at 3.52%
Nfld: NLCU at 3%
NS: Multiple at 2.75%
PEI: Consolidated at 2.9%
NB: UNI at 2.8%
Quebec: Desjardins at 2.8%
Ontario: Pathwise at 3.7%
Man: Hubert at 3.6%
Sask: Bruno and Prairie at 3.25%
Alta: TransCanada at 3.35%
BC: Multiple at 3%
Contact us if you cannot find an answer to your question.
GIC stands for “Guaranteed Investment Certificate,” which is an investment offered by Canadian banks and credit unions.
When you buy a GIC, you are agreeing to lend a bank or credit union your money for a specified number of months or years. In exchange, your money will earn a higher rate of interest than that offered by a chequing or savings account.
A GIC's return is guaranteed by the bank or credit union issuing it. If the institution should fail, however, insurance may not cover the amount you originally deposited.
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