RWRDS Daily Update Nov 19: New AIR MILES Flash Offers to earn bonus miles with Dollarama & Shell + MORE Nov 20th
RWRDS Daily Update Dec 19: Air Canada opens revamped Maple Leaf Lounges in Frankfurt and London + MORE Dec 19th
FLASH OFFER Receive up to a 100% bonus when you buy Air Canada Aeroplan points + MORE Jul 15th
When and how should I start drawing on my retirement savings? Apr 1st
RWRDS Daily Update August 12: Earn 5x AIR MILES for shopping with Amazon & get 2x Avios flying Toronto to Madrid on Iberia + MORE Aug 12th
This Week in RWRDS: May 25 – 31, 2024
– RewardsCanada.ca
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The best GIC rates in Canada for 2024
– moneysense.ca
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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 June 1, 2024Estimated reading time: 22 minutes
Here you’ll find the answers to common GIC questions, along with information on the best GIC rates available right now. If GICs are new to you, and you want to learn everything there is to know, start by reading our guide below.
Frequently asked GIC questions
Which bank has the highest rate for a GIC?
Small financial institutions, such as a credit unions, typically offer more competitive GIC rates than the large banks…


