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Compare GICs
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What is CDIC Protection?
The Canada Deposit Insurance Corporation (CDIC) protects eligible deposits up to $100,000 per account type.
We clearly indicate CDIC-covered GICs so you can invest with confidence.
Learn MoreWhy Choose Compare GICs?
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No hidden fees, no sponsored rankings—just real comparisons from top institutions.
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Filter by investment term, interest type, or account type to find your perfect GIC.
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GICs & Your Investment Choices
A Guaranteed Investment Certificate (GIC) is a secure, low-risk investment that offers a guaranteed return over a fixed term. Your principal is protected, and many GICs are CDIC-insured up to $100,000.
Get a better understanding of the choices you have available. We will look at the pros and cons of each option:
Investment Terms
1-Year Term
Short-term commitment with lower interest rates.
- ✅ Quick access to funds
- ✅ Less risk of interest rate changes
- ❌ Lower interest rates
- ❌ Frequent reinvestment needed
2-Year Term
Balanced option between flexibility and higher returns.
- ✅ Higher rates than 1-year
- ✅ Moderate commitment
- ❌ Funds locked for longer
3-Year Term
Longer-term security with the highest interest rates.
- ✅ Best interest rates
- ✅ Less frequent reinvestment
- ❌ Locked-in for longer
- ❌ Interest rate changes may be unfavorable
Interest Types
Fixed Rate
Predictable, steady returns with a guaranteed rate.
- ✅ Guaranteed returns
- ✅ No risk of market fluctuations
- ❌ No potential for higher gains
Variable Rate
Potentially higher returns depending on market performance.
- ✅ Higher earnings potential
- ✅ Can benefit from rising interest rates
- ❌ Returns are uncertain
- ❌ Risk of lower-than-expected earnings
Account Types
Registered (TFSA, RRSP)
Tax-advantaged accounts to help grow your investments.
- ✅ Tax-free (TFSA) or tax-deferred (RRSP) growth
- ✅ Government-backed benefits
- ❌ Contribution limits apply
- ❌ Withdrawal restrictions may apply
Non-Registered
More flexibility with no tax-sheltered benefits.
- ✅ No contribution limits
- ✅ No withdrawal restrictions
- ❌ Interest earnings are taxable
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