Rate guide · data as of 2026-10-16
Compare 1- to 5-year guaranteed investment certificate rates across every Canadian bank and credit union we track. Principal guaranteed, rate locked at purchase.
See top rates ↓ · Under 1 year · TFSA · RRSP · FHSA · By province
Rates move with every delivery. Get rate alerts from Ratehunter and you'll be the first to know when a higher GIC rate lands.
Get rate alertsChartered-bank posted averages tracked by the Bank of Canada, past five years — the baseline the rates above beat
Source: Bank of Canada, month-end values · How the BoC rate shapes yours →
Uncertain about rates, saving for something within a year, or want to reassess annually. Lock in without a long commitment.
A middle ground — a better rate than a 1-year without the full lock-in of a 5-year. Good for a goal ~2 years out, or one rung of a ladder.
You expect rates to fall, have a medium-term goal, or are building a GIC ladder and want more than a 1-year pays.
The highest fixed rate today, for long-term savings — especially inside a registered account where liquidity matters less.
Laddering tip: split your money across 1- to 5-year terms. As each matures you reinvest at the prevailing rate — regular liquidity windows while still earning close to long-term rates.
Yes. Bank and trust GICs are CDIC-insured ($100,000 per category); credit-union GICs are covered by provincial funds — unlimited in BC, AB, SK and MB. Protection applies even to non-redeemable GICs. Rows tagged GIA are life insurers' Guaranteed Interest Annuities — insurance contracts protected by Assuris, the life-insurance guarantee fund, not by CDIC.
A redeemable GIC lets you cash out early (usually at a lower rate); a non-redeemable one locks your funds to maturity but typically pays more. If you won't need the money, non-redeemable usually wins.
Yes. Inside a TFSA the interest is tax-free; inside an RRSP it grows tax-deferred. Confirm you're buying the registered version when you apply.