Guaranteed Investment Certificates offer fixed, guaranteed returns with CDIC protection. Lock in today's rates before they drop further.
GICs (Guaranteed Investment Certificates) are the safest investment in Canada. Your principal is guaranteed and CDIC-insured up to $100,000. In exchange for locking your money for a set term, you get a fixed, guaranteed interest rate — no market risk whatsoever.
GICs are ideal for the conservative portion of your portfolio, short-term savings goals, or when you believe rates are about to drop and want to lock in today's rate.
Non-registered GIC rates from top Canadian institutions. TFSA and RRSP GICs also available at most providers.
| Institution | 1 Year | 2 Year | 3 Year | 5 Year | Insurance |
|---|---|---|---|---|---|
| Saven Financial | 3.55% | 3.60% | 3.70% | 3.80% | CDIC |
| Tangerine | 3.25% | 3.50% | 3.65% | 3.80% | CDIC |
| EQ Bank | 3.20% | 3.50% | 3.65% | 3.85% | CDIC |
| Oaken Financial | 3.20% | 3.40% | 3.60% | 3.80% | CDIC |
| Peoples Trust | 2.90% | 3.00% | 3.25% | 3.45% | CDIC |
Rates shown are approximate as of April 2026 and subject to change. Verify current rates directly with each institution.
Instead of locking all your money into one term, split it across 1, 2, 3, 4, and 5-year GICs. Each year one matures, giving you access to a portion while the rest earns higher long-term rates.
Use GICs when you can lock money away and want a guaranteed rate. Use HISAs when you need liquidity. If GIC rates are higher than HISA rates (they usually are), the lock-in premium is worth it for money you won't need.
You can hold GICs inside your TFSA, RRSP, FHSA, and RESP. This means guaranteed returns that are also tax-free (TFSA) or tax-deferred (RRSP). A powerful combination for conservative investors.
When the Bank of Canada cuts rates, GIC rates follow. If you believe rates will continue falling, locking in a 3-5 year GIC now guarantees today's rate for the full term — even if rates drop to zero.
Tell us about your savings goals and we'll help you find the highest guaranteed rate available.