Warning to caregivers: Expect a scavenger hunt + MORE Feb 24th

Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.

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 of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

3 signs you need to take control of your parents’ finances

Caring for a parent? Get a power of attorney

Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my father and my mother’s financial health. I knew which banks they had accounts with, what kinds of investment accounts they held, and where their car insurance policy was kept. I had a rough idea of where they kept some of these documents. 

We set up our wills and power of attorney documents with the same lawyer in Ottawa, so I knew where to access the documents, and even where in their house their copies were (our lawyer suggested a hack whereby we keep our legal documents zip-locked in the back of the freezer, where it would be protected from fire/water damage). When the realization set in that I would have to take a much more active role in managing both my parents’ financial and health-related affairs, I realized I would now need to access not just some of their tangible documents but all of it…

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.

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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 of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…