Best 5-year GIC Rates In Canada For February 2025

The TD Canadian Banking & Utilities GIC (Non-registered and TFSA) offers an impressive rate of return. With a guaranteed range of 15% to 50% across five years, this is one of Canada’s most lucrative GICs. You’ll earn at least 15%, with upside potential contingent on the performance of the underlying stocks. There is a minimum deposit requirement of $1,000 and the cross-sector diversification provides exposure to both Canadian banking and utilities sectors.

The TD Canadian Banking & Utilities GIC for non-registered and TFSA offers blended exposure to Canada’s most stable industries. This GIC contains equal weighting to the S&P/TSX Bank Index and S&P/TSX Capped Utilities Index. As a market-linked GIC, your return is tied to the performance of these benchmarks, within a guaranteed return range. You’ll own iconic Canadian companies such as RBC, TD and Hydro One. Across the five years, you’re guaranteed a 15% minimum lifetime return or a 50% maximum lifetime return. This translates to an annualized minimum return of 2.84%.

The TD Canadian Banks GIC (RSP, RIF, RESP) offers our list’s highest guaranteed minimum return. Across five years, you’re guaranteed a minimum 20% rate of return. This can increase to a maximum of 35%, depending on the S&P/TSX Bank Index performance. Otherwise, this GIC has a low minimum deposit requirement of $500. The availability of RSP, RIF and RESP accounts provides flexibility for investors.

The TD Canadian Banks GIC for RSP, RIF and RESP accounts offers exposure to Canada’s banking industry. The low-risk nature of this sector pairs well with saving for retirement or education. The GIC is linked to the S&P/TSX Bank Index, so the underlying stock performance will influence your GIC return. The index benchmarks Canada’s largest banks, including BMO, RBC, TD and more. Across the five-year investment, you’re guaranteed a minimum 20% return. However, you can earn up to 35% if the underlying stocks increase. This translates to an annualized minimum return of 3.71%. Otherwise, this GIC has a lower deposit requirement of $500.

The TD U.S. Top 500 GIC (RRSP, RRIF, RESP) offers a comparatively high rate of return. Across five years, you’ll earn at least 12%, which can increase to 32% depending on the S&P 500 performance. This makes it an excellent option for those who desire risk-adjusted exposure to the U.S. stock market. The low minimum deposit requirement of $500 positively impacts the score, and the availability of RRSP, RRIF and RESP accounts provides flexibility for investors. The exposure to the performance of the top 500 U.S. companies offers diversification.

The TD U.S. Top 500 GIC for RRSP, RRIF and RESP accounts offers low-risk exposure to the U.S. stock market. The GIC’s performance is tied to the S&P 500 index, including critical companies like Microsoft, Apple and Amazon. Across five years, you’re guaranteed a minimum lifetime return of 12%, with a 32% lifetime ceiling. This translates to an annualized minimum return of 2.29%. Otherwise, the minimum $500 deposit is a nice touch, increasing accessibility.

The TD Canadian Banking & Utilities GIC (RSP, RIF and RESP) offers risk-adjusted exposure to key Canadian industries. Across five years, you’ll earn at least 15%, which can increase to 50% depending on the performance of the S&P/TSX Bank Index and the S&P/TSX Capped Utilities Index. This offers cross-sector diversification with plenty of upside. Otherwise, RSP, RIF and RESP account availability offers investors flexibility.

The TD Canadian Banking&Utilities GIC for RSP, RIF and RESP accounts also offers hybrid exposure to cornerstone industries through leveraging tax-advantaged accounts. Your return is tied to the performance of Canadian banking and utilities stocks, with an equal weighting between the S&P/TSX Bank Index and the S&P/TSX Capped Utilities Index. You’ll invest in RBC, TD, Brookfield and more companies. Across the five years, you’re guaranteed a minimum 15% lifetime return, with a 50% maximum. This translates to an annualized minimum return of 2.84%

The TD Canadian Banks GIC (Non-registered and TFSA) offers a market-leading minimum guaranteed return. The high minimum five-year guaranteed return of 20% provides a solid base return, and the GIC is linked to the performance of leading Canadian banks, offering exposure to a stable sector. You can earn up to 35% across the five years. The GIC also has a moderately low minimum deposit requirement of $1,000.

The TD Canadian Banks GIC for non-registered and TFSA accounts focuses exclusively on Canada’s largest banks. This includes BMO, RBC, TD and more. The GIC is market-linked, meaning your return varies with the performance of the S&P/TSX Bank Index. A notable feature is the higher minimum lifetime guaranteed return. At 20%, you’ll earn more than alternatives in a poor-performing market, though your lifetime upside is capped at 35%. The return translates to an annualized minimum rate of 3.71%.

The TD U.S. Top 500 GIC (Non-registered and TFSA) features a healthy rate of return. Across five years, you’re guaranteed to earn at least 12%, with a 32% maximum. The GIC benchmarks the S&P 500, providing robust diversification across the 500 largest U.S. companies. Otherwise, the $1,000 minimum deposit is moderately affordable.

The TD U.S. Top 500 GIC for non-registered and TFSA accounts also offers low-risk exposure to the U.S. stock market. This market-linked GIC indexes the S&P 500, meaning your return is benchmarked to the largest 500 U.S. companies. This includes key players such as Microsoft, Apple, Amazon and more. Across five years, you’re guaranteed a 12% minimum lifetime return, with a 32% ceiling. This translates to an annualized minimum return of 2.29%.

The RBC U.S. MarketSmart GIC offers widespread account availability, providing flexibility for investors. The GIC benchmarks the S&P 500 with a guaranteed 12% minimum return across the five-year term. However, you can earn up to 30% if the underlying stocks increase. The $1,000 minimum deposit is reasonably affordable for many investors. Overall, it’s another great market-linked S&P 500 GIC from Canada’s largest bank.

Related: Best RBC GIC Rates In Canada

The RBC U.S. MarketSmart GIC is another low-risk approach to investing in the U.S. stock market. You can hold the GIC using a variety of accounts, including an RRSP, TFSA, RESP, RDSP, RRIF and non-registered options. Your investment return is tied to the S&P 500 index, including Apple, Amazon and Tesla stocks. Regardless of market performance, you’re guaranteed a minimum five-year return of 12%. In contrast, the GIC has a maximum 30% ceiling.

The RBC Canadian Banking MarketSmart GIC boasts a substantial rate of return. Issued by Canada’s largest bank, you’ll earn at least 19% across the five years. However, this can increase to a maximum of 35% with the performance of the underlying S&P/TSX Banks Index. The GIC is widely available across account types, and the $1,000 minimum deposit is within reach for many investors.

The RBC Canadian Banking MarketSmart GIC is a market-linked option that benchmarks Canada’s largest banks. The GIC tracks the S&P/TSX Banks Index, which includes BMO, Scotiabank, CIBC, Canadian Western Bank, Genworth, Home Capital, Laurentian, National Bank, RBC and TD. This GIC provides more diversification than comparable banking-focused options. Otherwise, you can hold the GIC in various accounts, such as an RRSP, TFSA, RESP, RDSP, RRIF and non-registered account. The lifetime return is also lucrative, promising a 19% minimum or a 35% maximum.

The RBC Canadian Utilities MarketSmart GIC offers excellent risk-adjusted returns. At a minimum, you’ll earn 15% across the five-year term. This can increase to 50% with the performance of the S&P/TSX Capped Utilities Sector Index. The return range makes it a lucrative option. The availability of multiple account types (non-registered, RRSP, TFSA, RDSP, RESP, RRIF) provides flexibility for investors. The $1,000 minimum deposit requirement is also within reach for many investors.

The RBC Canadian Utilities MarketSmart GIC focuses on Canadian utilities. This market-linked GIC benchmarks the S&P/TSX Capped Utilities Sector Index. As such, your return varies with the performance of various stocks, including Algonquin Power, Fortis and more. The GIC is widely available, and you can hold it in an RRSP, TFSA, RESP, RDSP, RRIF, or non-registered account. Across the five years, you’re guaranteed a minimum lifetime return of 15% or a 50% maximum.

The RBC North American MarketSmart GIC features a substantial rate of return and market-leading diversification. You’re guaranteed a minimum 18% return across five years that can increase to 35% with the performance of the underlying stocks. This GIC benchmarks 20 blue chip stocks within Canada and the United States. This gives ample potential to reach the maximum return range with a healthy minimum guaranteed return. It’s one of the few options that provides cross-country and cross-sector diversification. Otherwise, the GIC is widely available across account types, and the $1,000 minimum deposit puts it within reach for many investors.

The RBC North American MarketSmart GIC benchmarks 20 blue-chip stocks across Canada and the United States. As a market-linked GIC, your return fluctuates with the underlying companies, including RBC, Bell, Lockheed Martin, Coca-Cola and IBM. This GIC offers diversification across eight sectors and two countries. As usual, you’re guaranteed a minimum and maximum return. You’ll receive at least 18% or a 35% maximum across five years.