Today I am going to provide you with the best GIC Rates in Canada, who has the best GIC Interest Rate in Canada, GIC interest rates as per bank and many other details which is important to know before investing in Canada GIC for best returns. You will also find here the Latest Canada GIC Rate, how to invest in GIC for the best returns and updates on other banks’ interest rates on GIC Investments.
GIC will provide you with the best and most convenient way to invest your money to get huge returns after the maturity period. It is like a stable investment that gives high returns with low risk but the GIC Rate in Canada will depend on various factors which may be included as per the bank. So if you want to know which bank has given the Best Returns on GIC Canada then you can spend your time here and collect the information available in this article.
Best GIC Rates in Canada
GIC is a Guaranteed Investment Certificate issued by various banks in Canada to their customers who invest their money in it. GIC will give you a maturity benefit on your fixed deposit within the stipulated time period. So if you want to invest in one of the GICs in Canada then you should check the GIC Interest Rate in Canada and also gather updates about the banks that provide good offers on GIC investments.
If you invest your money in GIC with a good interest rate then it will give you returns but returns through GIC will be less as compared to stocks, bonds, mutual funds and other types of investment plans. But your money will be safe with GIC and you can get the GIC interest rate applicable to the concerned bank. So you have to check the complete update and then go for investment.
Canada Best GIC Rates 2023
There are many banks or trust companies that offer you the best GIC Rates in Canada but you have to choose the one that gives you more returns on your investment. GIC Rates vary according to the bank or any other trust company. You need to compare the GIC Rate between Banks and Trust Companies and then plan the investment to get the utmost benefits from them.
The investment will be of short duration and after maturity you will have to withdraw your funds otherwise the concerned authority will charge very high charges on your funds and you will be responsible for the same. You can get different GIC Rates in Canada depending on your investment limit, this offer will be applicable with different time formats for your investment. You can learn about Canada GIC Rates 2023 from the sections below.
Who has the Best GIC Rates in Canada?
There are many banks and reliable companies that offer the Best GIC Rates on your investments. So you can compare companies and banks before investing and see what the best GIC Rates in Canada can give you, so you can invest your money for the best returns.
Here I am going to tell you about some of the available banks and trust companies that provide you with the Best GIC Return and after maturity, you can get your funds from there with some of the best returns with the invested money. You can see the table below and also know about the Tenure of the Best GIC Rate in Canada here as it will vary as per your selection. So stay updated and check the table below to get today’s GIC Rate in Canada.
| Provider | 3 Month | 6 Month | 1 Year | 3 Years | 5 Years |
|---|---|---|---|---|---|
| WealthONE | – | – | 5.98% | 5.48% | 5.28% |
| Saven Financial | – | – | 5.80% | 5.40% | 5.05% |
| Peoples Bank | – | 5.00% | 5.80% | 5.10% | 4.50% |
| Oaken | – | 2.25% | 5.75% | 5.40% | 5.15% |
| Tangerine | – | 3.25% | 5.70% | 5.35% | 3.85% |
| Haventree Bank | – | 2.01% | 5.69% | 5.36% | 5.01% |
| Equitable | – | 4.50% | 5.65% | 5.47% | 5.19% |
| EQ Bank | 3.25% | 5.00% | 5.65% | 5.40% | 5.15% |
| LBC Digital | – | – | 5.60% | 5.35% | 5.30% |
| Outlook Financial | – | – | 5.60% | 5.20% | 5.00% |
| Laurentian | – | 3.50% | 5.40% | 5.35% | 5.30% |
| Bridgewater Bank | – | 4.95% | 5.36% | 4.95% | 4.03% |
| BMO | 2.75% | 3.25% | 5.35% | 5.00% | 5.00% |
| TD | 2.75% | 3.25% | 5.35% | 5.00% | 5.00% |
| Meridian | – | 3.75% | 5.35% | 5.00% | 5.00% |
| ATB Financial | – | 2.50% | 5.30% | 5.00% | 4.85% |
| Canadian Western Bank | – | 4.00% | 5.25% | 5.10% | 4.75% |
| Simplii Financial | – | – | 5.22% | 4.89% | 4.89% |
| Hubert | – | – | 5.20% | 5.25% | 5.05% |
| Sun Life | – | 3.35% | 5.20% | 4.95% | 4.95% |
| National Bank | – | 1.50% | 5.15% | 5.30% | 5.30% |
| FirstOntario Credit Union | – | 3.15% | 5.00% | 5.00% | 4.75% |
| Scotiabank | 2.75% | 3.25% | 5.00% | 4.10% | 4.35% |
| Alterna Bank | – | – | 4.90% | 4.95% | 4.95% |
| ICICI | – | – | 4.70% | 4.40% | 4.40% |
| CIBC | 3.50% | 3.55% | 4.50% | 4.25% | 4.25% |
| motusbank | – | 1.05% | 4.50% | 3.90% | 3.75% |
| HSBC | – | 3.75% | 4.25% | 4.45% | 4.35% |
| RBC | 3.30% | 3.55% | 4.05% | 4.00% | 3.95% |
| Manulife | – | 3.70% | 4.00% | 5.10% | 5.10% |
| Affinity Credit Union | – | – | 4.00% | 4.15% | 4.35% |
What are the GIC Terms and Maturity Dates in Canada?
In today’s time, everyone wants to invest their money in long-term investment and also choose GIC for the best returns. In Canada, there are many banks and trust companies that offer the best GIC rates on your investments and promise the best returns on maturity. So if you want to know the Terms of GIC in Canada and also the Maturity Dates of GIC then stay with me. GIC Term will allow you to invest your money for a longer period which can return you the best GIC Rates. The Best GIC Interest Rate on your investment will be the GIC Tenure which may vary.
As per the latest update, GIC Tenure is available from one year to 10 years and the decision will be up to you as to what you want for your investment. Because long-term investment will give you the best GIC rates in Canada and also provide you with the best banks. The interest rate on your deposits. Many people invest their money for a long period to get higher returns on their investments. So I am also asking you to choose a long-term investment that allows you a higher GIC rate for your deposits.
What are the Benefits of Canada GIC?
GIC will give you benefits on your term plan. If you choose a long-term plan then it will offer you the best GIC Rate and a higher interest rate will be credited to your fund on maturity. Some of the benefits you get are;
- Guaranteed returns at the latest GIC rates
- Reduce all types of risks
- You will have a steady stream of income during a recession
- Get the best GIC rate as per your term plan
- Both short-term and long-term are available for investment etc.
| Our Homepage | Matricbseb.com |
- About the Author
- My Recent Posts
Unless it is in a registered account these rates just mean you are losing money slower than not having a GIC. Between inflation and tax. Of course inflation here in BC worse than anywhere else in Canada.