Plan your investments by calculating the returns on different GIC options.
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Enter your GIC details and click "Calculate Returns" to see your results.
When you invest in a Guaranteed Investment Certificate (GIC), your returns depend on several factors:
This is the initial amount of money you invest in the GIC. The higher your principal, the more interest you'll earn.
The annual rate at which your investment grows. GIC rates vary based on the financial institution and term length.
The duration of your GIC investment. Longer terms typically offer higher interest rates but require a longer commitment.
How often interest is calculated and added to your principal. More frequent compounding results in higher returns.
For compound interest: A = P(1 + r/n)^(nt)
Where: A = final amount, P = principal, r = annual interest rate, n = compounding frequency, t = time in years
Compare the best GIC rates from top Canadian financial institutions.
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