Built in Canada
BUILT IN CANADA
Zero risk, guaranteed returns. Lock in the highest interest rates available in Canada for 1-year, 2-year, and 5-year terms.
A Guaranteed Investment Certificate (GIC) is a deposit product that typically pays a fixed or variable interest rate over a set term. In exchange for that predictability, you usually agree to keep your money invested until the term ends (unless the GIC is cashable/redeemable). This guide explains the key terms you’ll see on this page and what to check before you choose.
Most GIC choices come down to term, rate type, and flexibility. Use this as a fast way to narrow your shortlist before you look at the fine print.
Start with Term, then select Registered (if needed), then decide whether you want Cashable / Redeemable. If you’re comparing many options, use “Highest Interest Rate” sorting to scan quickly.
A GIC can often be held inside registered accounts (like TFSA or RRSP) or in a non-registered account. The key difference is usually tax treatment and purpose.
GICs are typically deposit products. In Canada, many people look for deposit protection through the applicable deposit insurer. Coverage rules depend on the type of institution (for example, CDIC member banks vs provincial credit unions) and the specific deposit category. Always verify whether the provider is covered and what limits apply to your situation.
“Laddering” means splitting your investment across multiple terms (for example, 1-year, 2-year, 3-year, etc.) so that some portion matures regularly. This can help balance rate shopping with access to cash.
A GIC offers a fixed interest rate, meaning your return is guaranteed. There is zero market risk.
Use this tool to see exactly how much interest you'll earn and what your investment will be worth at maturity.
| Year | Interest | Balance |
|---|
