Best 6 Month GIC Rates this June 2026 in Canada

What sets CIBC apart is its established reputation and the ability to hold GICs in various registered accounts, such as TFSAs and RRSPs. Although the standard rate is slightly lower at 2.50%, the bank's reliability and range of account options make it a solid choice.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

CIBC's GICs allow you to invest a specific amount of money for a set term, during which your principal is protected and you earn interest.

CIBC offers a variety of terms for GICs, ranging from 30 days to 5 years.

Generally, GICs are locked in for the term you choose, and early withdrawal may result in penalties or loss of interest.

Yes, CIBC GICs are eligible for coverage by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

Interest rates on CIBC GICs vary based on the term and market conditions. It is best to check CIBC's website or contact them for current rates.

Yes, you can hold CIBC GICs in registered accounts such as RRSPs and TFSAs.

Scotiabank shines for its fixed return of 2.30% on its 6-month GIC, which is a reliable option for conservative investors. The minimum deposit of CA$500 is reasonable, and the GIC can be held in various registered accounts, adding to its flexibility.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that offers a guaranteed return over a fixed period.

When you invest in a GIC with Scotiabank, you agree to deposit a certain amount of money for a specified term, and in return, you receive a guaranteed interest rate.

Scotiabank offers a variety of terms for GICs, typically ranging from 30 days to 5 years.

Yes, GICs issued by Scotiabank are insured by the Canada Deposit Insurance Corporation (CDIC) up to applicable limits.

Generally, GICs are meant to be held until maturity. However, some GICs may offer options for early redemption, which could result in penalties.

The minimum investment amount for a Scotiabank GIC typically starts at $500.

Interest on Scotiabank GICs can be paid out monthly, annually, or at maturity, depending on the type of GIC you choose.

At the end of your GIC term, you will receive your principal investment back along with any accrued interest. You may also have options to reinvest or transfer the funds.

RBC Royal Bank offers a competitive fixed interest rate of 2.40% for its 6-month GIC, making it a secure investment choice. The minimum deposit of CA$500 for registered accounts is appealing, although non-registered accounts require a higher investment.

A Guaranteed Investment Certificate (GIC) is a secure investment option that offers a guaranteed return over a fixed period.

RBC Royal Bank's GIC allows you to invest a lump sum for a specified term, earning interest at a fixed rate until maturity.

Investing in a GIC with RBC provides security, predictable returns, and the peace of mind that your principal is protected.

RBC offers a variety of terms for GICs, typically ranging from 30 days to 5 years.

Generally, GICs are not redeemable before maturity without incurring penalties, but specific terms may vary.

Yes, GICs issued by RBC are eligible for deposit insurance through the Canada Deposit Insurance Corporation (CDIC), up to certain limits.

You can open a GIC with RBC Royal Bank by visiting a branch, calling their customer service, or using their online banking platform.

TD Canada Trust offers a 6-month GIC at a rate of 2.05%, which is the lowest among the major banks. While the minimum deposit of CA$5,000 may deter some investors, the bank's established reputation provides a sense of security.

A Guaranteed Investment Certificate (GIC) is a low-risk investment that provides a guaranteed return over a fixed period.

TD Canada Trust offers a variety of GICs with different terms, interest rates, and features to suit various investment needs.

Investing in a GIC with TD Canada Trust offers guaranteed returns, security of principal, and the ability to choose from various terms and interest rates.

Cashing in a GIC before maturity may result in penalties or reduced interest, depending on the terms of the GIC.

Yes, GICs issued by TD Canada Trust are eligible for deposit insurance through the Canada Deposit Insurance Corporation (CDIC), up to certain limits.

The minimum investment amount for a GIC at TD Canada Trust typically starts at $500, but this may vary based on the specific GIC product.

You can purchase a GIC from TD Canada Trust online, through a mobile app, or by visiting a local branch.