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RRSP GICs

RRSP GIC Rates in Canada

GICs are frequently used for the fixed-income portion of an RRSP. Compare fixed-term options that may be available for registered retirement savings.

Last updated: August 18, 2026 · Reviewed by GICRateCompare editorial team

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Fixed-term options currently under review

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.

Rates last reviewed: August 18, 2026All options shown are fixed-term, non-redeemable GICs.
Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.
GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.
How we collect and verify rates
Available through participating provider
Bank · Non-redeemable
5.35%
Fixed · indicative
5 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA, Corporate
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Available through participating provider
Broker · Non-redeemable
5.25%
Fixed · indicative
4 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, Corporate, Trust, Estate
Deposit protection
Any coverage applies per issuer

Last verified August 18, 2026

Available through participating provider
Credit Union · Non-redeemable
5.15%
Fixed · indicative
3 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, RESP
Deposit protection
Provincial credit-union coverage may apply

Last verified August 18, 2026

Available through participating provider
Bank · Non-redeemable
5.05%
Fixed · indicative
2 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, Corporate
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Available through participating provider
Trust Company · Non-redeemable
4.95%
Fixed · indicative
1 year
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

How GICs fit inside an RRSP

  • Contributions may be deductible, and growth is tax-deferred until withdrawal.
  • A fixed term gives a known return for the portion of a portfolio you do not want exposed to market movement.
  • Withdrawals from an RRSP are taxable as income and may be subject to withholding tax.

Practical points to confirm

  • Your available RRSP deduction limit for the year.
  • Whether the provider accepts direct RRSP transfers from another institution.
  • The maturity date relative to the year you plan to convert your RRSP to a RRIF.
  • Minimum deposit and interest payment options for the term you select.

Before you proceed

Account registration rules are set by the issuing institution and the Canada Revenue Agency, not by GICRateCompare.com. Confirm contribution room, transfer procedures and product eligibility before moving funds.

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market, but they are not offered through this service.

Common questions

Can I hold a GIC in a self-directed RRSP?

Many providers support GICs inside self-directed plans, but availability depends on the institution and the specific product. Eligibility is confirmed before an application proceeds.

What happens at maturity inside an RRSP?

Funds usually remain within the plan and can be reinvested. Speak with the institution about renewal instructions well before the maturity date.

Is an RRSP GIC protected?

Eligible deposits held with a CDIC member institution may be protected within applicable coverage categories, and registered accounts are treated as separate categories. Coverage depends on eligibility rules.

Where a suitable option is identified, a participating provider, deposit broker or licensed representative may contact you to discuss available GIC options.

Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.

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