🇨🇦 Top 3 High-Interest Savings
| # | Logo | Bank / Product | Type | Rate | Condition | Link |
|---|---|---|---|---|---|---|
| 1 | CIBC eAdvantage Savings Account | Big Six | 4.6% | First 3 months (see site for new account/funds rules) 4.60% for the first 3 months |
Go to site | |
| 2 | RBC High-Interest eSavings Account | Big Six | 4.6% | See site 4.60% |
Go to site | |
| 3 | — | National Bank of Canada High-interest Savings Account | Big Six | 0.55% | See site | Go to site |
📌 GIC rates (non-registered, top 3 per term)
| Term | Logo | Bank / Product | Type | Rate | Min. investment | Link |
|---|---|---|---|---|---|---|
| 1 year | National Bank GICs | Big Six | 2.75% | $500 | Go to site | |
| 1 year | TD Bank GICs | Big Six | 2.7% | $1,000 | Go to site | |
| 1 year | BMO GICs | Big Six | 2.45% | $1,000 | Go to site | |
| 2 years | National Bank GICs | Big Six | 3.25% | $500 | Go to site | |
| 2 years | TD Bank GICs | Big Six | 2.8% | $1,000 | Go to site | |
| 2 years | BMO GICs | Big Six | 2.75% | $1,000 | Go to site | |
| 3 years | National Bank GICs | Big Six | 3.4% | $500 | Go to site | |
| 3 years | BMO GICs | Big Six | 2.85% | $1,000 | Go to site | |
| 3 years | TD Bank GICs | Big Six | 2.75% | $1,000 | Go to site | |
| 4 years | National Bank GICs | Big Six | 3.5% | $500 | Go to site | |
| 4 years | BMO GICs | Big Six | 3.0% | $1,000 | Go to site | |
| 4 years | TD Bank GICs | Big Six | 2.9% | $1,000 | Go to site | |
| 5 years | National Bank GICs | Big Six | 3.6% | $500 | Go to site | |
| 5 years | BMO GICs | Big Six | 3.1% | $1,000 | Go to site | |
| 5 years | TD Bank GICs | Big Six | 3.1% | $1,000 | Go to site |
What is a GIC?
A Guaranteed Investment Certificate (GIC) is a deposit you lock in at a fixed interest rate for a set term. Your principal is guaranteed.
GIC vs HISA
HISA is flexible but rate can change. GIC locks your money but offers a higher guaranteed rate. Use HISA for emergency funds; GIC for money you won't need for 1–5 years.
Registered vs non-registered
Non-registered: interest is taxable. Inside TFSA: tax-free growth. Inside RRSP: tax-deferred. If you have TFSA room, a TFSA GIC is usually the better choice.
CDIC insured?
Yes — GICs at CDIC member banks are insured up to $100,000 per depositor per category for terms up to 5 years. Credit union GICs are covered by provincial insurers (e.g. CUDIC in BC).
