State Bank of India Canada 2 Year GIC: 1.55%: 2 year: Apply: BMO 5 Year GIC: 1.50%: 5 year: Apply: TD Canada Trust 4 Year GIC: 1.50%: 4 year: Apply: RBC 4 Year GIC: 1.50%: 4 year: Apply: Coast Capital Savings 2 Year Term Deposit Account: 1.40%: 2 year: Apply: Alterna Savings 2 Year Term Deposit Account: 1.39%: 2 year : Apply: State Bank of India Canada 1 Year GIC: 1.35%: 1 year: Apply

For example, if you want to invest $1,000 in a one-year fixed rate GIC at a two per cent interest rate that is compounded annually, you know from the start that your investment will be worth $1,020 when your investment term ends (or “matures”). However, the math here is easy: if your GIC is a $15,000, 5-year GIC at 3.50% that pays interest yearly, then after the first year you’d have earned around $525 in interest. Adjust this example depending on the rate your desired GIC provides and the term length. The best-rated GICs currently being offered include: EQ Bank. EQ bank is CDIC-insured via their parent bank, Equitable Bank. They are killing it on both their High-Interest Savings Account ( 2.45% Oaken Financial. Motive Financial. Peoples Trust. motusbank. Compare & find the best GIC for your needs. All using our comparison tool that lets you compare rates, terms, and minimum investments at a single page. The best GIC rates in Canada for 2020. Below, you’ll find the best GIC rates currently available in Canada, from various commercial and independent banks, credit unions, and GIC brokerages. If you’d like more information on GICs, visit our GIC basics or scroll to the bottom section of this article. About GICs in Canada. A guaranteed investment certificate or GIC is a Canadian investment or savings product offered by banks that provides a customer with a fixed interest rate of return over a set period of time on a deposit balance. It is similar to a certificate of deposit in the United States or a time deposit in Asia To access GIC rate histories, click on the date link in each row. This chart is for informational purposes only and provided on a best-effort basis. Please double check the rates with the respective financial institutions and do your own research on account GIC features. Please post any errors in the forum and they will be corrected ASAP.

27 Feb 2020 Guaranteed Investment Certificates (GICs) are some of the best savings tools available. But given their variety of terms, types, and interest rates 

Learn about the best GIC rates available in Canada in 2020, and how and The interest rates offered on these GICs are lower than what is available for a  To access GIC rate histories, click on the date link in each row. This chart is for informational purposes only and provided on a best-effort basis. Please double  We offer some of Canada's best GIC interest rates, and with both short and long- term GICs available you can be sure to find a high interest GIC that's right for you   TD offers a wide range of GICs and Term Deposits, so you can easily choose the one that best meets your investing goals. All interest rates for GICs and Term  With Guaranteed-Return GICs, your interest rate is guaranteed, so you don't need to worry about changes in the markets or economy. Non-Redeemable GIC  US Dollar Guaranteed Investment (US$ GIC). Your US dollars should work as hard as you do. Take advantage of one of the best interest rates around and have  

GICs provide a guaranteed rate of return over a fixed period. Using your financial goals as a guide, we'll help you select the best GIC from several options.

27 Feb 2020 Guaranteed Investment Certificates (GICs) are some of the best savings tools available. But given their variety of terms, types, and interest rates  Learn about the best GIC rates available in Canada in 2020, and how and The interest rates offered on these GICs are lower than what is available for a  To access GIC rate histories, click on the date link in each row. This chart is for informational purposes only and provided on a best-effort basis. Please double  We offer some of Canada's best GIC interest rates, and with both short and long- term GICs available you can be sure to find a high interest GIC that's right for you   TD offers a wide range of GICs and Term Deposits, so you can easily choose the one that best meets your investing goals. All interest rates for GICs and Term  With Guaranteed-Return GICs, your interest rate is guaranteed, so you don't need to worry about changes in the markets or economy. Non-Redeemable GIC 

Open an online Capital One 360 CD to earn an interest rate with guaranteed yield. Compare our CD terms and annual yield rates. Enjoy the protection of FDIC  

With a guaranteed investment certificate (GIC), your initial investment is secure so you can grow your money Get the best rates with our promotional offers. This product offers growth potential of Canadian short‑term interest rates. Short Term Canadian Dollar GIC Interest Options, Best Available Rates (% per annum). 30 day Maturity, 1.35%. 60 day Maturity, 1.45%. 90 day Maturity, 1.61%. 1 May 2019 A guaranteed investment contract (GIC) is an insurance company provision that differs from a Canadian guaranteed investment certificate which has the same acronym. American issued GICs pay a higher interest rate than most savings accounts. However, they remain among the lowest rates available. 28 Feb 2018 CIBC's Student GIC Program helps students obtain a $10,000 (Rs. 20 lakhs) can be applied for online and offers a reasonable interest rate. 16 Jan 2012 A recent survey of five-year GIC rates, meanwhile, shows the big banks Canadian Tire Bank offer more than that in their daily interest savings accounts. you to compare GIC and term deposit rates among dozens of banks, 

16 Jan 2012 A recent survey of five-year GIC rates, meanwhile, shows the big banks Canadian Tire Bank offer more than that in their daily interest savings accounts. you to compare GIC and term deposit rates among dozens of banks, 

When a Canadian-dollar account, deposit or negotiable instrument held or issued by a The Bank of Canada pays interest for the first 10 years of custody on  GICdirect works like any bank or credit union, and offers GIC terms ranging from one year to five years and works with over 30 banks and credit unions to get the best interest rates in Canada. Alterna Bank GIC Rates. Alterna Bank GIC rates begin with one-year terms at 2.35% and extend up to 5-year terms at 2.50%. Alterna Bank pays interest on investment annually. The best GIC rates in Canada 2020. Oaken Financial: 1-year cashable GIC *. If you’ve never heard of Oaken Financial * before, you’re not alone. This direct banking arm of Home GICdirect: 1-year non-registered GIC *. People’s Trust: 1-year registered GIC. TD Bank: 5-year TD Canadian Banking & For example, if you want to invest $1,000 in a one-year fixed rate GIC at a two per cent interest rate that is compounded annually, you know from the start that your investment will be worth $1,020 when your investment term ends (or “matures”). However, the math here is easy: if your GIC is a $15,000, 5-year GIC at 3.50% that pays interest yearly, then after the first year you’d have earned around $525 in interest. Adjust this example depending on the rate your desired GIC provides and the term length. The best-rated GICs currently being offered include: EQ Bank. EQ bank is CDIC-insured via their parent bank, Equitable Bank. They are killing it on both their High-Interest Savings Account ( 2.45% Oaken Financial. Motive Financial. Peoples Trust. motusbank.

So, while you have the opportunity to earn higher interest with a variable GIC, you can’t predict how much interest (if any) you’ll get back. Best GIC rates in Canada. Most GICs with the highest interest rates usually have a term of five years or more. Below is a summary of the best fixed rate GIC rates in Canada for a 5-year term as of 2019. Considered one of the safest investments you can make, GICs can be held in both non-registered and registered (TFSA, RRSP, RESP, RRIF) accounts and the best GIC rates in Canada range from 2% to 3%, depending on the length of the term. Best GIC Interest Rates in Canada – 5 Year Term To access GIC rate histories, click on the date link in each row. This chart is for informational purposes only and provided on a best-effort basis. Please double check the rates with the respective financial institutions and do your own research on account GIC features. Please post any errors in the forum and they will be corrected ASAP. State Bank of India Canada 2 Year GIC: 1.55%: 2 year: Apply: BMO 5 Year GIC: 1.50%: 5 year: Apply: TD Canada Trust 4 Year GIC: 1.50%: 4 year: Apply: RBC 4 Year GIC: 1.50%: 4 year: Apply: Coast Capital Savings 2 Year Term Deposit Account: 1.40%: 2 year: Apply: Alterna Savings 2 Year Term Deposit Account: 1.39%: 2 year : Apply: State Bank of India Canada 1 Year GIC: 1.35%: 1 year: Apply Compare High-Interest GIC Rates in Canada. The interest GIC rates vary according to the amount of investment and the term. The amount may start as cheap as $100 to as high as $50,000.00. Best 1-Year GIC Rates in Canada The one-year GICs offer the best possible combination of competitive interest rate and flexibility of investment. They do not have any long-term commitment and are ideal for funds which you may have in your hand now but do not need for the next year. On the other hand, the main advantage of non-redeemable GIC is the higher return rate. But as mentioned earlier, it is best if you do not have to access such investment before its maturity. This means that if you were to invest in non-redeemable GIC, you must ensure that you have extra funds for an emergency or future needs.