The best GIC rates in Canada for 2023 Oct 24th

Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.

Latest News

How GIC interest rates work + MORE Aug 9th

Guaranteed investment certificates, or GICs for short, are low-risk investments offered by banks and other financial institutions. In exchange for committing your money for a term ranging from 30 days to 10 years, the bank will pay you a guaranteed rate of interest. GICs are particularly safe bec.... More »

Canadians getting sick trying to cut food costs: study - CityNews Toronto + MORE Apr 27th

Canadians getting sick trying to cut food costs: study CityNews TorontoCanadian food banks are on the brink: ‘This is not a sustainable situation’ Global NewsCanadians are taking more risks with their food due to high prices National PostCHARLEBOIS: The hidden co.... More »

The best credit cards in Canada for 2024 Sep 21st

MoneySense has ranked the best credit cards in Canada across numerous categories of cards. On this page, however, you’ll find the best of the best: the cards that top their respective categories and cater to the needs of most Canadians. Use the tool below to compare credit card options, or keep sc.... More »

The best GIC rates in Canada for 2024 May 18th

Investing The best GIC rates in Canada for 2024 Find the best GIC rates in Canada. Plus, everything you need to know about how they work. Find the best rate Tap "Return to top" to come back here. .... More »

RESP vs. RRSP and TFSA: What’s the best option for education savings? May 13th

Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »

The best GIC rates in Canada for 2023

– moneysense.ca

Investing

The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.

Find the best rate

Tap "Return to top" to come back here.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

By Keph Senett and Justin Dallaire on October 23, 2023

The rates offered on guaranteed investment certificates (GICs) are higher than they have been in a long time. Currently, Canadians can purchase GICs with rates in the 5% range—an opportunity few would have thought possible just a few years ago…

Continue Reading On moneysense.ca »

Getting a favourable bank account in Canada can be tricky – let us help! Visit our Canadian Banks page for the latest rates and articles.

Share