Rates as of: June 26, 2026, 7:35 AM ET
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At 123gic, we believe in delivering secure and stable growth you can count on. Our GICs offer competitive rates across Canada, giving you a reliable way to grow your savings while keeping your principal protected.
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Published January 2026
Choosing between flexibility and yield is the first decision every GIC investor faces. We break down when a fixed-term product outperforms and when a cashable GIC earns its keep. Read More
Published January 2026
Market-linked GICs pair principal protection with equity upside. Learn how participation rates, caps, and term length shape what you actually earn. Read More
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From CDIC coverage to registered versus non-registered accounts, here is a plain-English primer for Canadians buying their very first GIC. Read More
Have questions about GICs and how they work? You're not alone. Whether you're new to investing or looking to explore your options, our FAQ section provides clear, detailed answers to help you make informed decisions.
From understanding different types of GICs to learning about interest options, liquidity, and reinvestment, we've covered everything you need to know.
There are several types of GICs available in Canada, including fixed-rate GICs, cashable GICs, market-linked GICs, and registered GICs (held within RRSPs, TFSAs, or RRIFs). Each type offers different features to suit your investment goals and timeline.
A fixed GIC locks your money in for a set term at a guaranteed rate — you cannot withdraw early without penalty. A cashable GIC allows you to withdraw your funds before the term ends, usually after a short initial lock-in period, though the rate is typically lower than a fixed GIC.
A market-linked GIC ties your return to the performance of a stock market index. Your principal is still protected, meaning you won't lose your initial investment, but your returns may vary depending on market performance.
GICs issued by CDIC member institutions are insured up to $100,000 per depositor, per insured category. This means your principal and interest are protected even if the issuing institution fails. Credit union GICs are typically covered by provincial deposit insurance, which often offers similar or higher limits.
Minimums vary by issuer and product, but many GICs can be opened with as little as $500 to $1,000. Certain high-yield or specialty GICs may require larger minimums, and VIP rates are typically reserved for higher investment amounts.