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Best GIC Rates in Canada

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 15, 2026 Fact checkedEditorial integrity

A GIC trades access for certainty: your money is locked for the term, and in return the rate is guaranteed.

Compare at a glance

ProviderRatingInterest rateTermMinimum to open
OF
Oaken Financial GIC

4.5/5

Best for Overall GIC rates

4.00% (5-year term)60 months$1,000Read review

Our picks

Showing 1 results

Our pick for: Overall GIC rates

Oaken Financial GIC

SCFinance score4.5
OF
Read review

Interest rate

4.00% (5-year term)

Term

60 months

Minimum to open

$1,000

Details
Minimum deposit
$1,000
Terms
1-5 years
Redeemable
No
What you get
  • Terms from 1 to 5 years
  • CDIC insured up to $100,000 per issuer
Our take

Consistently near the top of the posted-rate tables, with CDIC coverage.

Read our full review