This Week in RWRDS: May 25 – 31, 2024 + MORE Jun 1st

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Latest News

RWRDS Daily Update Nov 19: New AIR MILES Flash Offers to earn bonus miles with Dollarama & Shell + MORE Nov 20th

New AIR MILES Flash Offers to earn bonus miles Dollarama and Shell & a new Amex Offers statement credits for Esso. Check out today's points & miles updates here: The post RWRDS Daily Update Nov 19: New AIR MILES Flash Offers to earn bonus miles with Dollarama & Shell appeared first on.... More »

RWRDS Daily Update Dec 19: Air Canada opens revamped Maple Leaf Lounges in Frankfurt and London + MORE Dec 19th

Air Canada opens revamped Maple Leaf Lounges in Frankfurt and London, new Amex offers for Norton and Swarovski and Emirates Skywards offering mystery bonus miles on select flights around the world. Check out today's points & miles updates here: The post RWRDS Daily Update Dec 19: Air Canada ope.... More »

FLASH OFFER Receive up to a 100% bonus when you buy Air Canada Aeroplan points + MORE Jul 15th

Air Canada Aeroplan’s latest buy points promotion provides members with the opportunity to receive up to a 100% when buying points by July 17, 2025. This appears to be a mystery bonus that is revealed to the member when logging in. Others are reporting up to an 85% bonus however I received an .... More »

When and how should I start drawing on my retirement savings? Apr 1st

Ask MoneySense Do you have any tips for withdrawing from an RRSP? Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me. I have approximately $650,000 in RRSPs .... More »
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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

Earn 5x AIR MILES for shopping with Amazon and earn 2x Avios on Iberia flights out of Toronto via Qatar Airways Privilege Club. Check out today's points & miles updates here: The post RWRDS Daily Update August 12: Earn 5x AIR MILES for shopping with Amazon & get 2x Avios flying Toronto to .... More »
This week we look at the best card options to replace your PC Mastercards if you are cancelling it as part of the Loblaws boycott, discuss Choice Privileges summer bonus points promotion and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS […]
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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…

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