The best GIC rates in Canada for 2024 May 28th

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

The best high-interest savings accounts in Canada for 2024 + MORE Sep 10th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »

The best travel credit cards in Canada for 2024 Jul 12th

Credit Cards The best travel credit cards in Canada for 2024 From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure. Compare now <script sr.... More »

The best high-interest savings accounts in Canada for 2025 + MORE Jan 26th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Advertisement Why trust us MoneySense is an.... More »

How does interest work in a savings account? Sep 10th

Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial. When you hold money in a savings account, interest is money you rece.... More »

The best no-fee credit cards in Canada for 2024 + MORE Jun 21st

Spend The best no-fee credit cards in Canada for 2024 From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards. Compare now powered by.... More »

The best GIC rates in Canada for 2024

– moneysense.ca

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.

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 28, 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…

Continue Reading On moneysense.ca »

Banks.ca constantly finds the best and most current banking information available in Canada.

Share