Compare Canada’s best GICs in one place. When choosing the best GIC for you, remember to consider GIC terms, return amounts, and minimum investments.
To start, click the “Compare” button on a GIC provider.
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Earning/Saving Potential
Lowest Fees
Best Perks
Minimum Investment
$500
Minimum Cashable GIC Term (Days)
1
Minimum Non-Cashable GIC Term (Days)
30
Maximum Non-Cashable GIC Term (Days)
1,825
TD GICs are an easy way to earn a modest guaranteed investment on some of your money. Like most banks in Canada, TD offers several types of Guaranteed Investment Certificates (GICs) to give their clients low-risk alternatives to more traditional stock market investing.
Pros
- Cashable GICs give you liquidity in your investments
- Offers market linked GICs for higher return potential
- Relatively low minimum investments on most GICs
- Can be part of a registered account
Cons
- Non-redeemable GICs tie up your money
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Competitive rates with an impressive selection + Low minimum investment.
Special Features
- Special offer on 100-day term cashable GICs
- Unique TD International Student GIC option
Minimum Investment
$500
Available As FHSA
Minimum Cashable GIC Term (Days)
1
Available As RRSP
Maximum Cashable GIC Term (Days)
1,825
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
30
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
1,825
Minimum Market Linked GIC Term (Days)
1,095
Maximum Market Linked GIC Term (Days)
1,825
Minimum U.S. Dollar GIC Term (Days)
1
Maximum U.S. Dollar GIC Term (Days)
1,825
Minimum Investment
$1
Minimum Cashable GIC Term (Days)
N/A
Minimum Non-Cashable GIC Term (Days)
90
Maximum Non-Cashable GIC Term (Days)
1,825
Tangerine GICs stand out for their highly competitive rates and the fact that there’s no minimum investment requirement—you can get started with as little as $1. That makes them an appealing option for new investors, those with smaller budgets, or anyone who wants a safe way to grow their money without worrying about market volatility.
Pros
Cons
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Ultra competitive rates + No minimum investment to get started.
Special Features
- No minimum investment requirement
Minimum Investment
$1
Available As FHSA
Minimum Cashable GIC Term (Days)
N/A
Available As RRSP
Maximum Cashable GIC Term (Days)
N/A
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
90
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
1,825
Minimum Market Linked GIC Term (Days)
N/A
Maximum Market Linked GIC Term (Days)
N/A
Minimum U.S. Dollar GIC Term (Days)
90
Maximum U.S. Dollar GIC Term (Days)
1,825
Minimum Investment
$1,000
Minimum Cashable GIC Term (Days)
30
Minimum Non-Cashable GIC Term (Days)
30
Maximum Non-Cashable GIC Term (Days)
3,650
Investing with an RBC GIC is an easy way to get guaranteed return on the money you want to put aside. Though the return tends to be quite low, they’re still a decent way to make your money work for you – thanks to the low risk involved. RBC offers Canadians GICs backed by a well-known big bank, plus has industry-standard minimum investments of $1,000 for most options.
Pros
- Plenty of cashable GIC options
- Some non-redeemable GICs with slightly higher rates
- Relatively low minimum investments
- Several different market linked GICs for higher potential return
- Available with registered accounts
Cons
- Only a handful of non-redeemable GIC types available
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Plenty of cashable options + Get personalized advice with MyAdvisor.
Special Features
- Special offers on cashable and non-cashable rates
- Convenient GIC-laddering tool available
Minimum Investment
$1,000
Available As FHSA
Minimum Cashable GIC Term (Days)
30
Available As RRSP
Maximum Cashable GIC Term (Days)
3,650
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
30
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
3,650
Minimum Market Linked GIC Term (Days)
730
Maximum Market Linked GIC Term (Days)
2,190
Minimum U.S. Dollar GIC Term (Days)
1
Maximum U.S. Dollar GIC Term (Days)
1,825
Minimum Investment
$500
Minimum Cashable GIC Term (Days)
365
Minimum Non-Cashable GIC Term (Days)
30
Maximum Non-Cashable GIC Term (Days)
1,825
Scotiabank GICs can get you a guaranteed return on your investments, with the trustworthiness of a big bank to back up your money. Since Guaranteed Investment Certificates make a good low-risk investment, they’re a popular way to spice up your investment portfolio. But with relatively low return across the board, it’s hard to say it’s a valuable investment.
Pros
- Cashable GICs means your money is more liquid
- Market linked GICs have the potential of higher return
- Relatively low minimum investment
- Bonus rates for Ultimate and Preferred Package customers
Cons
- Returns across the board are relatively low
- Most GICs are non-redeemable
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Get flexible terms and interest rates + 100% guaranteed return.
Special Features
- Special rates available with Preferred Package and Ultimate Package customers
Minimum Investment
$500
Available As FHSA
Minimum Cashable GIC Term (Days)
365
Available As RRSP
Maximum Cashable GIC Term (Days)
365
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
30
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
1,825
Minimum Market Linked GIC Term (Days)
730
Maximum Market Linked GIC Term (Days)
1,825
Minimum U.S. Dollar GIC Term (Days)
N/A
Maximum U.S. Dollar GIC Term (Days)
N/A
Minimum Investment
$1,000
Minimum Cashable GIC Term (Days)
1
Minimum Non-Cashable GIC Term (Days)
30
Maximum Non-Cashable GIC Term (Days)
3,650
BMO offers a wide range of Guaranteed Investment Certificates (GICs), giving investors plenty of choice between cashable, non-redeemable, U.S. dollar, and market-linked options. Most come with a minimum investment of $1,000 and can be held in accounts like an RRSP or TFSA, making them flexible for different savings goals.
Pros
- Low risk investment
- There are no fees to invest in GICs
- Guaranteed returns
- BMO Market Growth GIC
- Available as registered accounts
Cons
- Higher return GICs generally tie up your money for a relatively long period
- Interest is paid at maturity
- There can be penalties for early withdrawal
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Choose from a variety of GIC options + Get competitive rates.
Special Features
- Air Mile GICs available
- Special rates of 12 months at 2.75%
- Up to 45% on BMO's Canadian market-linked GICs
Minimum Investment
$1,000
Available As FHSA
Minimum Cashable GIC Term (Days)
1
Available As RRSP
Maximum Cashable GIC Term (Days)
1,825
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
30
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
3,650
Minimum Market Linked GIC Term (Days)
1,095
Maximum Market Linked GIC Term (Days)
2,190
Minimum U.S. Dollar GIC Term (Days)
30
Maximum U.S. Dollar GIC Term (Days)
1,825
Minimum Investment
$500
Minimum Cashable GIC Term (Days)
N/A
Minimum Non-Cashable GIC Term (Days)
365
Maximum Non-Cashable GIC Term (Days)
N/A
Guaranteed Investment Certificates (GICs) are a safe and secure Canadian investment that offers a guaranteed return over a fixed period of time. However, due to its low-risk nature, this kind of investment tends to come with relatively low rewards.
Pros
- Relatively low minimum investment
- No annual fees
- Easy application
Cons
- Lock investment in for up to 5 years
- Possible penalties for early redemptions
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Get guaranteed return online + A low minimum investment.
Special Features
See Issuer for Details
Minimum Investment
$500
Available As FHSA
Minimum Cashable GIC Term (Days)
N/A
Available As RRSP
Maximum Cashable GIC Term (Days)
30
Available As TFSA
Minimum Non-Cashable GIC Term (Days)
365
Available As RRIF
Maximum Non-Cashable GIC Term (Days)
N/A
Minimum Market Linked GIC Term (Days)
N/A
Maximum Market Linked GIC Term (Days)
N/A
Minimum U.S. Dollar GIC Term (Days)
N/A
Maximum U.S. Dollar GIC Term (Days)
N/A
