Best GIC Rates
in Canada 2025

Compare now and find up to 5.5% guaranteed returns with Canada's most trusted GIC providers. Your investments are insured and backed by major Canadian banks.

CDIC Insured up to $100,000
No Fees, No Hidden Costs
Flexible Terms: 1-5 Years

Find the Best GIC Rates in Canada

See how much you can earn in just 30 seconds

Your information is secure and will never be shared

Why GICs Are Perfect for 2025

In today's uncertain economy, GICs offer the perfect balance of security and growth

CDIC Insured Protection

Your investments are protected up to $100,000 per account by the Canada Deposit Insurance Corporation. Sleep peacefully knowing your money is safe.

Government-backed security

Guaranteed Returns

Lock in your rate with guaranteed returns. No market volatility, no surprises. Your rate is locked from day one until maturity.

Rate locked for entire term

Zero Hidden Fees

Zero fees, zero commissions, zero surprises. What you see is what you get. No management fees eating into your returns.

100% of returns go to you

Ready to Secure Your Financial Future?

Don't let your money sit in low-interest accounts. Get your personalized GIC quote in under 30 seconds.

100% Secure • No Obligation • Instant Results

Best GIC Rates in Canada 2025

Compare the highest GIC rates from Canada's leading financial institutions. All rates are guaranteed and CDIC insured.

Rates updated daily • Last updated: Today
Short Term

1 Year

4.2%
Perfect for short-term goals
CDIC Insured
No Fees
Flexible Terms
Quick Access
Example Return on $10,000:
$420
Most Popular
Best Value

3 Years

5.1%
Optimal balance of rate and term
CDIC Insured
No Fees
Best Value
RRSP/TFSA Eligible
Example Return on $10,000:
$1,530
Long Term

5 Years

5.5%
Maximum returns for long-term goals
CDIC Insured
No Fees
Highest Rate
Retirement Ready
Example Return on $10,000:
$2,750

The Ultimate Guide to the Best GIC Rates in Canada for 2025

If you're looking for a safe, reliable way to grow your savings in 2025, Guaranteed Investment Certificates (GICs) remain one of the most popular choices for Canadians. With interest rates at their highest levels in years, now is the perfect time to lock in a great rate and secure your financial future. In this comprehensive guide, we'll explore everything you need to know about GICs, how to find the best GIC rates in Canada for 2025, and tips to maximize your returns.

What is a GIC?

A Guaranteed Investment Certificate (GIC) is a Canadian investment product that offers a guaranteed rate of return over a fixed period of time. When you purchase a GIC, you agree to deposit your money with a financial institution for a set term, which can range from a few months to several years. In exchange, the institution pays you interest, either at a fixed or variable rate, and returns your principal at the end of the term. GICs are considered one of the safest investments available, as they are typically insured by the Canada Deposit Insurance Corporation (CDIC) up to $100,000 per eligible account.

Why Are GIC Rates So Attractive in 2025?

Over the past few years, the Bank of Canada has raised interest rates to combat inflation and stabilize the economy. As a result, GIC rates have climbed to levels not seen in over a decade. In 2025, many financial institutions are offering GIC rates above 5% for longer terms, making them highly attractive for conservative investors and anyone seeking predictable, risk-free returns. This environment presents a unique opportunity to lock in high rates before they potentially decline in the future.

Types of GICs Available in Canada

  • Fixed-Rate GICs: These pay a set interest rate for the entire term. They are the most common and easiest to understand.
  • Variable-Rate GICs: The interest rate fluctuates based on a benchmark, such as the prime rate. These can offer higher returns if rates rise, but also carry more uncertainty.
  • Cashable/Redeemable GICs: These allow you to access your funds before maturity, often after a short lock-in period. The trade-off is usually a lower interest rate.
  • Non-Redeemable GICs: These cannot be cashed out before the end of the term, but they typically offer higher rates.
  • Market-Linked GICs: Returns are tied to the performance of a stock market index. Your principal is protected, but returns can vary.
  • Registered GICs: GICs held within registered accounts like RRSPs, TFSAs, or RESPs, allowing for tax-advantaged growth.

How to Find the Best GIC Rates in Canada for 2025

With so many banks, credit unions, and online financial institutions competing for your business, it pays to shop around. Here are some tips to help you find the best GIC rates in Canada this year:

  1. Compare Multiple Institutions: Don’t just settle for the rates at your primary bank. Online banks and credit unions often offer higher rates than the big five banks.
  2. Consider Different Terms: Longer terms usually offer higher rates, but some institutions have promotional rates for shorter terms. Decide how long you can commit your funds.
  3. Look for Special Offers: Some providers offer limited-time promotions or bonus rates for new customers or large deposits.
  4. Check for CDIC Insurance: Ensure your GIC is covered by CDIC or a provincial equivalent for maximum safety.
  5. Use Online Comparison Tools: Websites like Ratehub, Wealthsimple, and our own comparison tool make it easy to see the best rates at a glance.

Top GIC Rates in Canada for 2025

As of June 2025, here are some of the best GIC rates available from leading Canadian financial institutions:

Term Best Rate Institution Type CDIC Insured
1 Year 4.2% Oaken Financial Non-Redeemable Yes
2 Years 4.7% EQ Bank Non-Redeemable Yes
3 Years 5.1% WealthONE Bank Non-Redeemable Yes
4 Years 5.3% Home Trust Non-Redeemable Yes
5 Years 5.5% Peoples Bank Non-Redeemable Yes

Note: Rates are subject to change and may vary based on deposit amount, account type, and other factors. Always confirm with the institution before investing. Get your personalized quote to see current rates.

GICs vs. Other Savings Options

GICs are often compared to other low-risk savings vehicles, such as high-interest savings accounts (HISAs) and government bonds. Here’s how they stack up:

  • GICs vs. HISAs: GICs usually offer higher rates for locking in your money, while HISAs provide more flexibility and instant access to your funds.
  • GICs vs. Bonds: Government bonds are also low-risk, but their returns can fluctuate with market conditions. GICs offer a guaranteed return.
  • GICs vs. Mutual Funds/ETFs: While mutual funds and ETFs can offer higher returns, they come with market risk and no guarantees. GICs are ideal for capital preservation.

Tax Advantages: Using GICs in RRSPs and TFSAs

One of the best ways to maximize your GIC returns is to hold them in a registered account. Here's how it works:

  • RRSP GICs: Interest earned is tax-deferred until withdrawal, making them ideal for long-term retirement savings.
  • TFSA GICs: All interest earned is tax-free, allowing your savings to grow faster. Perfect for both short- and long-term goals.
  • RESP GICs: Use GICs to safely grow education savings for your children, with tax-sheltered growth.

Tips for Maximizing Your GIC Returns in 2025

  1. Ladder Your GICs: Instead of investing all your money in a single term, consider a GIC ladder. Divide your investment across multiple terms (e.g., 1-5 years). This way, you’ll have a portion maturing each year, giving you access to higher rates as they become available.
  2. Watch for Rate Specials: Some institutions offer limited-time “rate specials” that can be significantly higher than standard rates. Act quickly, as these offers may not last.
  3. Consider Online Banks: Digital banks often have lower overhead and can pass the savings on to you in the form of higher GIC rates.
  4. Check Minimum Deposit Requirements: Some of the best rates require a minimum investment, often $1,000 or more.
  5. Review Early Redemption Policies: If you think you may need your money before the term ends, look for cashable or redeemable GICs, even if the rate is slightly lower.

Frequently Asked Questions About GICs in 2025

Yes, GICs are among the safest investments in Canada. As long as you invest with a CDIC-insured institution and stay within coverage limits, your principal and interest are protected even if the bank fails.

Only if you choose a cashable or redeemable GIC. Most non-redeemable GICs do not allow early withdrawal without penalty. Always check the terms before investing.

Most GICs pay interest annually or at maturity. Some offer monthly or semi-annual payments. The payment schedule will be outlined in your GIC agreement.

Sometimes, especially if you are investing a large amount or are a valued client. It never hurts to ask your financial institution if they can match or beat a competitor’s rate.

The Future of GIC Rates in Canada

While no one can predict the future with certainty, most experts believe that GIC rates in Canada may gradually decline if inflation comes under control and the Bank of Canada lowers its policy rate. That's why 2025 is considered an excellent time to lock in a high rate for as long as possible. By securing a multi-year GIC now, you can protect your savings from future rate drops and enjoy peace of mind.

Conclusion: Why GICs Are a Smart Choice in 2025

GICs offer Canadian investors a unique combination of safety, simplicity, and competitive returns—especially in 2025, when rates are at their highest in years. Whether you're saving for a short-term goal, planning for retirement, or simply want to preserve your capital, there's a GIC product to suit your needs. By comparing rates, understanding your options, and taking advantage of registered accounts, you can make the most of this golden opportunity.

Ready to get started? Use our rate comparison tool to find the best GIC rates in Canada for 2025, or speak to one of our experts for personalized advice. Your financial future is just a click away!

What Our Clients Say

Join thousands of satisfied investors across Canada