GIC Calculator
Compare GIC returns across terms and see your guaranteed earnings. CDIC insured up to $100,000.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
$
Fully CDIC insured
Value at Maturity
$25,950.00
Interest Earned
$950.00
Effective Annual Rate
3.800%
Best GIC Rates (2026 estimates)
| Term | Rate | Interest on $25,000.00 |
|---|---|---|
| 6 mo | 2.75% | $341.42 |
| 1 yr | 3.65% | $912.50 |
| 2 yr | 3.8% | $1,936.10 |
| 3 yr | 3.72% | $2,895.07 |
| 5 yr | 3.94% | $5,328.68 |
Frequently Asked Questions
Are GICs safe?
GICs from CDIC member institutions are insured up to $100,000 per eligible deposit category. This makes them one of the safest investments in Canada.
Can I withdraw early?
Cashable/redeemable GICs allow early withdrawal (usually after 30-90 days) but at a lower rate. Non-redeemable GICs lock your money for the full term but offer higher rates.
Where do GICs fit in my portfolio?
GICs are ideal for short-term savings goals (1-5 years), emergency funds, or the fixed-income portion of a balanced portfolio. They guarantee your principal but may not beat inflation in low-rate environments.
Official Data Sources
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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