GIC Calculator Canada
Calculate your Guaranteed Investment Certificate maturity value, interest earned, and effective yield. Covers all compounding frequencies.
📊 2026 Canadian GIC Rate Benchmarks
Approximate rates as of mid-2026. Actual rates vary by institution — always compare online brokerages, EQ Bank, Oaken, and credit unions for best rates.
| Term | Approx. Rate | $10,000 Earns |
|---|---|---|
| 30 days | 2.75% | +22.60 |
| 60 days | 2.9% | +47.67 |
| 90 days | 3.1% | +76.44 |
| 6 months | 3.4% | +170.00 |
| 1 year | 3.8% | +380.00 |
| 2 years | 3.65% | +365.00 |
| 3 years | 3.55% | +355.00 |
| 4 years | 3.45% | +345.00 |
| 5 years | 3.4% | +340.00 |
GIC Laddering — A Smarter Strategy
Instead of locking all your savings into one GIC, many Canadians use a GIC ladder: divide your total into equal portions and buy 1-year, 2-year, 3-year, 4-year, and 5-year GICs simultaneously. Each year, one GIC matures and you reinvest it at the current 5-year rate (or access the cash if needed). This gives you both higher average returns and liquidity.
Always compare GIC rates across multiple providers. Online banks (EQ Bank, Oaken Financial, Simplii) and credit unions typically offer 0.25%–0.75% more than the Big Six banks. CDIC coverage applies per category per institution, so spreading across multiple CDIC members increases your protected amount.