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The best TD credit cards in Canada
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The best TD credit cards in Canada
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The best GIC rates in Canada for 2023
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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.
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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 November 1, 2023Estimated reading time: 21 minutes
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…


