A GIC is a contract: you give the bank your money for a set term, they pay you a guaranteed rate, and CDIC insures you up to $100k per account. No stock-market risk. No rate-drop risk. On $50,000 over 5 years at 4.65%, you earn $12,758 — guaranteed.
Split your money across maturities. One rung matures every year. Reinvest each rung at the new 5-year rate. You're always rolling, always earning the best long-term rates.
Best in each column highlighted. Refreshed daily from provider rate sheets.
Consistently top of the rate tables. Owned by Home Trust (alt-bank). CDIC insured. Minimum 1-year term for new accounts.
Apply →Online-only credit union with strongest 1-year offers. Ontario-residents only. FSRA-insured (provincial scheme, unlimited coverage).
Apply →Low $100 minimum. Integrates with EQ Bank chequing/savings account. Both cashable and non-cashable GICs available.
Apply →$1 minimum (lowest in Canada). Integrates with Wealthsimple Trade/Crypto/Cash. Slightly lower rates than dedicated GIC providers.
Apply →Scotiabank-owned online bank. Lower rates than competitors but free Interac/no fees on linked chequing. Brand familiarity for the cautious.
Apply →For Canadians with USD cash (cross-border earners, investors). Earn USD interest tax-deferred inside RRSP. CDIC insured in USD.
Apply →