The best high-interest savings accounts in Canada for 2024 + MORE May 21st

How to go about securing the best return for your investment in Canada.
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Upcoming changes to Aeroplan points, Elite Status, and credit cards Aug 14th

Air Canada has announced that some big changes are coming to its popular Aeroplan loyalty program in the new year. As of Jan. 1, 2026, members will earn Aeroplan points based on how much they spend rather than how far they fly and their fare type. Qualifying for Elite Status is also being revamped w.... More »

RBC’s discount broker launches international trading—what to know before you invest + MORE Dec 10th

RBC Direct Investing recently became the only Canadian bank-owned discount brokerage to allow self-directed investors to buy securities trading internationally on several non-North American stock exchanges. It’s not the only option in Canada for investors, though. Interactive Brokers Canada, for e.... More »
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Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle + MORE Dec 18th

The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them. Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »

Loblaw rides long-term discount trend to stronger Q2 results + MORE Jul 25th

A slew of new discount stores helped push profit at Loblaw Cos. Ltd. higher in the second quarter, as shoppers continue to seek lower-priced products, a trend the company’s CEO says will remain for the long term.  “Our hard discount stores: They’re doing well and they’re stil.... More »

2025-09-24 - Minister Lightbound to Make Announcement – Silence from Canada Post - CUPW Sep 24th

2025-09-24 - Minister Lightbound to Make Announcement – Silence from Canada Post  CUPWFeds to announce ‘new measures’ to aid cash-strapped Canada Post  Toronto StarMEDIA ADVISORY - Minister Lightbound to provide update on future of Canada Post  The Globe and MailF.... More »

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

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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 May 21, 2024Estimated reading time: 22 minutes

Currently, Canadians can find many GICs with rates in the 4% to 5% range—that’s good compared to a few years ago, but not quite the 6% you could get last fall…

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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.

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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.

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