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

All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News

This Week in RWRDS August 29, 2025: Use the new RBC Avion Rewards bonus for a quick injection of travel points Aug 30th

This week we look at the return of the big 55,000 point bonus on the RBC Avion Visa Infinite Card, we review the Scotiabank Visa Infinite Privilege Card, show you how to match your Air Canada Aeroplan Elite Status to the new Atmos Rewards and much more in our weekly credit card and loyalty rewards [.... More »

Scientists reexamine 47-year-old fossil and discover a new Jurassic sea monster - ScienceDaily + MORE Aug 4th

Scientists reexamine 47-year-old fossil and discover a new Jurassic sea monster  ScienceDaily183-million-year-old sea monster species found hiding in German fossil bed  Interesting Engineering.... More »

22 new Avion Select & RBC Offers from Save On Foods, Wendy’s, Subway & more + MORE Apr 28th

Here is the latest update for RBC Offers and Avion Select Card Linked Offers that are featuring bonus points, statement credit and discount promotions for using your RBC card and/or Avion Select linked cards at select retailers! Be sure to login to your RBC account right away to load these offers (i.... More »
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RWRDS Daily Update April 8: WestJet expands Calgary to Tokyo to year round daily service + MORE Apr 9th

WestJet expands Calgary to Tokyo to year round daily service, Air Canada increasing overhead storage space on A220 Fleet and AIR MILES Flash Offer to earn 100 bonus miles at Global Pet Foods. Check out today's points & miles updates here: The post RWRDS Daily Update April 8: WestJet expands Cal.... More »

This Week in RWRDS September 12, 2025: Are the WestJet Mastercard changes good or bad? Sep 13th

This week we discuss the incoming changes to the WestJet RBC World Elite Mastercard and WestJet RBC Mastercard, Wealthsimple Visa Infinite changes, another excellent oneworld elite status match opportunity and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS.... 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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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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