The best GIC rates in Canada for 2024 + MORE May 29th

The savings could be substantial: while most regular credit cards charge around 20% in interest, the cards listed below offer rates that can be half that, or less. Some low-interest cards even come with attractive balance transfer promotions that will allow you to pay down debt at a greatly reduced rate for a limited time. To find out which have the best rates, perks and promotions, read on for our list of the best low-interest credit cards in Canada.

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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.

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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 29, 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…