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The Best GIC Rates in Canada 2019

Compare today's best GICs - Guaranteed Investment Certificates.

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We’ve got the best GIC rates from the top financial institutions in Canada, including:

President's Choice Financial
RBC Royal Bank
TD Canada Trust
BMO Bank of Montreal
Canadian Tire

Check Out The Best GICs In Canada

GICs are an easy and safe way to grow your wealth. Looking for the highest rate of return on your parked cash? Maximize your future payouts with RateSupermarket.ca's 2018 GIC Best of Finance picks.

Best GIC Oaken Financial 3.00%

Want to learn more about the best banking, savings and credit card products in Canada? Check out the full 2018 lineup for RateSupermarket.ca's annual Best of Finance Awards »

What is a GIC?

GIC stands for Guaranteed Investment Certificate. A Guaranteed Investment Certificate is a type of Canadian investment typically issued by banks or trust companies. These types of investments require you to invest your money for a certain amount of time in order to receive a guaranteed rate of return.

How do GICs work?

In most cases, GICs require you to invest at least $500 and agree to leave your money in the account for a certain amount of time. This can be anywhere from 30 days to 10 years. Most GICs pay interest – and sometimes at higher rates than traditional savings accounts. GICs are considered a safe investment because your principal (the amount you deposited) is secure. This means you are guaranteed to get back the amount you’ve deposited once your term is done.

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