Compare daily‑updated GIC rates from RBC, TD, CIBC, EQ Bank & Tangerine. All rates verified and CDIC‑insured where eligible.
Last updated: • Live daily updates
📊 Rates are scraped daily from official bank websites and verified by our team
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When Bank of Canada rates peaked at 5.00%
After rate cuts, still competitive vs inflation
Expected gradual decline with BoC cuts
Banks offer promotional GIC rates to attract RRSP contributions
Rate adjustments often happen after BoC meetings
Banks compete for year-end deposits and TFSA room
3-6 months expenses, instant access
Long-term growth, tax efficiency
2-5 year timeline, capital preservation
We update our rates regularly by scraping bank websites. However, rates can change frequently, so always verify with the bank before making decisions.
Most major Canadian banks are CDIC insured, providing up to $100,000 protection per depositor. Check individual bank details for CDIC membership status.
Interest rates can change at any time based on Bank of Canada policy rates and market conditions. Some banks change rates more frequently than others.
Consider the interest rate, minimum deposit, fees, accessibility, and whether the institution is CDIC insured.
Current Environment (2025): With rates falling, consider locking in 3-5 year terms now. Use our Rate Alert Pro to get notified of promotional rates during RRSP season (Jan-Mar).
With rates falling in 2025, now is an excellent time to lock in longer-term GICs (3-5 years). The Bank of Canada has signaled further rate cuts, so current rates around 4.00-4.90% may be the best we see for a while. Consider locking in during RRSP season (January-March) when banks offer promotional rates, or use a GIC laddering strategy to balance rate risk and liquidity needs.
In 2025's falling rate environment, longer-term GICs (3-5 years) are generally better to lock in current rates. However, if you need flexibility or expect a major purchase within 2 years, consider short-term GICs (1-2 years) or a laddering strategy. Short-term GICs currently offer 3.75-4.25%, while 5-year GICs offer 4.00-4.90% - the premium for locking in longer is worth it given the rate outlook.
Cashable GICs can be worth it if you want guaranteed rates with some flexibility. Current cashable GIC rates (3.50-4.25%) often match or beat HISA rates, but with rate protection. The trade-off: you typically can't withdraw for the first 30-90 days, and rates are usually 0.25-0.50% lower than regular GICs. Best for emergency funds where you want rate protection but need potential access.
A GIC ladder spreads your investment across multiple terms for regular income and rate protection. Example with $50,000: $10K each in 1, 2, 3, 4, and 5-year GICs. Each year, reinvest the maturing GIC into a new 5-year term. This provides annual liquidity while maintaining long-term rate advantages. Perfect for RRSP contributions and retirement planning.
Big Six banks (RBC, TD, Scotiabank, CIBC, BMO, National Bank) typically offer the best RRSP GIC promotions from January-March, often 0.25-0.50% above regular rates. Online banks like Tangerine and Simplii may also boost rates during this period. Watch for promotional rates on 3-5 year terms specifically, as banks compete for long-term RRSP deposits. Use our Rate Alert Pro to get notified instantly.
The best strategy is diversification across multiple banks and products. Given 2025's falling rate environment, prioritize locking in longer-term GICs (3-5 years) while keeping 20-30% in flexible products (HISA, cashable GICs) for opportunities. Use our AI-powered savings optimizer to create a personalized strategy across multiple institutions.