TopGICRate.ca | Canada's Best GIC Rates

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Today's Available GIC Rates

Rates shown are the highest available through our network as of today. All rates are subject to change and availability. Contact us to confirm the current rate for your specific situation.

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Best Available Rates — Non-Registered GIC

Highest available rate per term across all partner institutions

Registered Accounts

TFSA, RRSP, RRIF, and LIF rates by term

Corporate & Specialty Accounts

Corporate, USD, and foreign currency GIC rates

Rates are provided by Monarch Wealth GIC Services Inc. (GICDirect) and are subject to change at any time without notice. Rates shown do not constitute a commitment or offer to invest. Availability may vary by province and minimum investment amount. Contact us to confirm the current rate prior to any investment decision.

Speak With a Broker

Get Your Best Available Rate

Complete the form and a registered deposit broker will contact you within one business day with a personalized rate comparison — at no cost or obligation.

Phone 1-866-253-0030

Email ianm@customplanfinancial.com

Fees No fees — all provinces

TopGICRate.ca is a division of Customplan Financial Advisory Services. Our representatives are registered deposit brokers operating through GICDirect (Monarch Wealth GIC Services Inc.).

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Protecting Your Investment

How Your Deposits Are Protected

GICs placed through our network are held at the issuing institution in your name. Depending on the institution, your deposit is protected by either federal CDIC coverage or provincial deposit insurance.

Canada Deposit Insurance Corporation

Federal Crown Corporation — applies to federally regulated banks and trust companies

CDIC is a federal Crown corporation that protects eligible deposits at member institutions. Coverage applies automatically — you do not need to apply. Member institutions include major banks, trust companies, and loan companies regulated under the Bank Act or Trust and Loan Companies Act.

What is Covered

Eligible deposits in Canadian dollars with a term of five years or less
GICs and term deposits that meet CDIC eligibility criteria
Deposits held in trust accounts, jointly, or within registered plans

Coverage Categories (each protected separately)

Category	Coverage Limit
Deposits in your own name (non-registered)	Up to $100,000
TFSA	Up to $100,000
RRSP	Up to $100,000
RRIF	Up to $100,000
RESP	Up to $100,000
RDSP	Up to $100,000
Deposits held in trust	Up to $100,000 per beneficiary
Joint deposits	Up to $100,000 (shared)
Deposits of municipalities, universities, schools & hospitals	Up to $100,000

Important: Coverage limits apply per category, per member institution. By placing deposits across multiple CDIC member institutions, your effective total coverage can be substantially higher.

Source: Canada Deposit Insurance Corporation (cdic.ca)

PROV

Provincial Deposit Insurance

Applies to provincially regulated credit unions and caisses populaires

Credit unions and caisses populaires are regulated at the provincial level and are not CDIC members. They are instead covered by their provincial deposit protection scheme. Coverage limits and terms vary by province.

Selected Provincial Coverage

Province	Body	Deposit Coverage
British Columbia	CUDIC (BC)	100% of eligible deposits — unlimited
Alberta	DGCS Alberta	100% of eligible deposits — unlimited
Ontario	FSRA / DICO	Up to $250,000 per depositor category
Manitoba	MDGC	100% of eligible deposits — unlimited
Saskatchewan	CUDIC (SK)	100% of eligible deposits — unlimited
Quebec	AMF	Up to $100,000 per category

Note: Provincial coverage details, limits, and eligible deposit definitions change periodically. Always confirm the current coverage at the time of investment with your deposit broker and the issuing institution.

Maximizing Your Coverage Through Laddering & Diversification

Because CDIC and provincial coverage applies per institution, clients with larger investment amounts can often achieve substantially higher aggregate protection by spreading deposits across multiple eligible institutions. GIC terms range from 30 days to 5 years and may be fully cashable, partially cashable, or non-redeemable prior to maturity. Our registered deposit brokers can help you design a GIC ladder that balances rate, liquidity, and deposit insurance coverage. Contact us to discuss your situation.

Common Questions

Frequently Asked Questions

What is a GIC?+

A Guaranteed Investment Certificate (GIC) is a deposit product issued by a Canadian financial institution. When you purchase a GIC, you agree to deposit a sum of money for a fixed term. In exchange, the institution pays interest at the agreed rate. At maturity, your principal is returned along with any interest earned. GIC terms typically range from 30 days to 5 years.

What is a Registered Deposit Broker?+

A Registered Deposit Broker is a licensed professional who intermediates between depositors and financial institutions. Deposit brokers are registered through the Registered Deposit Brokers Association (RDBA) and operate under provincial financial services regulations. We represent the depositor — not the institution — and our role is to find the best available rate for your investment. We are compensated directly by the issuing institution; there is no cost to you.

Is there any cost to using your service?+

No. TopGICRate.ca provides deposit brokerage services at no charge to the client. We are compensated by the issuing financial institution once your GIC is placed. You receive the full published rate with no deductions.

What account types can I invest through?+

We can facilitate GIC investments within Non-Registered (cash) accounts, TFSAs, RRSPs, RRIFs, LIFs, RESPs, and Corporate accounts. USD-denominated and foreign currency GICs are also available from select institutions. Contact us to discuss what account type best fits your situation.

Are my deposits safe at smaller institutions?+

All partner institutions through the GICDirect network are either CDIC-member federally regulated institutions or provincially regulated institutions covered by provincial deposit insurance bodies (such as CUDIC in BC or FSRA in Ontario). Your deposit is protected up to the applicable insurance limit regardless of the institution's size. Please refer to the Deposit Insurance section of this page for details.

Can I access my money before the GIC matures?+

It depends on the type of GIC. Fully cashable and partially cashable GICs allow early redemption, often subject to a reduced interest rate or minimum holding period. Non-redeemable GICs are locked in for the full term and generally offer higher rates. We will always discuss the terms and liquidity features before recommending any product.

What is GIC laddering?+

GIC laddering is a strategy where you spread your investment across multiple GICs with different maturity dates (e.g., 1-, 2-, 3-, 4-, and 5-year terms). This provides regular access to maturing funds, reduces interest rate risk, and can improve your average return over time. Our deposit brokers can design a customized ladder based on your income and liquidity needs.

How long does it take to open a GIC?+

Most GICs can be opened within 1 to 3 business days, depending on the institution and account type. The process involves completing a short application and providing identification. We guide you through each step. Rates available at the time of application will be confirmed before any commitment is made.