Fixed-rate GICs
A fixed-rate GIC pays a stated rate for a set term, subject to the provider's terms and conditions.
GIC guide
Understand your GIC options
A plain-language overview of the most common GIC structures and account types available to Canadian savers.
Cashable or redeemable GICs
May provide more flexibility, but often have different rates, holding periods, or redemption rules.
Registered GICs
May be available inside TFSAs, RRSPs, RRIFs, RESPs, or FHSAs depending on provider availability.
Non-registered GICs
May suit savers investing personal cash outside registered plans. Tax treatment should be reviewed with a qualified professional.
Corporate GICs
Corporations may be able to hold GICs, depending on provider criteria and account setup.
GIC laddering
Some savers spread funds across multiple terms to balance rate, access, and renewal flexibility.
Estimate rate differences
A quick illustration of how a small rate difference can add up over a full term.
Interest at current rate$6,375
Interest at alternative rate$7,575
Estimated difference+$1,200
Illustration only. Uses simple interest and does not account for taxes, compounding frequency, account type, early redemption, fees, or individual circumstances. Actual returns depend on provider terms and product details.