Calculate and compare GIC rates from leading Canadian banks
GIC Calculator
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Interest Rates Comparison
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Quick Comparison Table
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Comparison based on average bank rates
GIC Tips and Guides
Longer Terms = Higher Rates
Banks typically offer higher interest rates for longer deposit terms as your money is committed for more time.
Power of Compound Interest
Compound interest earns interest on both your principal and previously earned interest, maximizing your returns.
Deposit Insurance
In Canada, deposits are protected by the Canada Deposit Insurance Corporation (CDIC) up to C$100,000 per depositor per insured category. Provincial institutions may be covered by provincial deposit insurance instead.
Consider Tax Implications
Interest income from GICs in Canada is fully taxable as income in non-registered accounts. However, if held in a TFSA (Tax-Free Savings Account), interest income is completely tax-free. In an RRSP, taxes are deferred until withdrawal.
