Canadian GIC Rates & Returns Calculator
Savings Deposits & Rate
Configure your initial principal, interest rate, and compounding intervals.
Projected Compound Growth
Principal accumulation, interest yield, and final balance.
Calculation Result
Starting principal
12 monthly deposits of $250
Your total out-of-pocket savings
Current High-Yield & Certificate of Deposit (CD) Benchmarks
Projected annual cash earnings on a $25,000 allocation.
| Institution & Account | APY / AER | Est. Annual Yield | Est. Monthly |
|---|---|---|---|
High-Yield Savings (HYSA)RecommendedTop-Tier Online Bank (US) • Liquid / No lockup | 4.6% | $1,150/yr | +$96/mo |
Certificate of Deposit (CD)Direct Bank 12-Month CD • 1-Year Guaranteed Term | 4.85% | $1,212/yr | +$101/mo |
Cash Sweep PortfolioHigh-Yield Cash Account • Same-Day Transfers | 4.45% | $1,113/yr | +$93/mo |
Standard Checking / SavingsTraditional Brick & Mortar • National Average | 0.01% | $3/yr | +$0/mo |
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About Canadian GIC Rates & Returns Calculator
Guaranteed Investment Certificates (GICs) are Canada's principal-protected fixed income instruments. ConvertSheet's GIC Return Calculator computes compounding returns across 1-year, 2-year, and 5-year terms. Model simple vs compound annual growth and download your complete maturity and interest payment schedule into Microsoft Excel with 100% client-side privacy.
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Frequently Asked Questions: Canadian GIC Rates & Returns Calculator
Clear mathematical answers to key questions, calculations, and loan parameters.
Are Canadian GICs protected by deposit insurance?
Yes. GICs issued by CDIC-member Canadian institutions (such as RBC, TD, EQ Bank, and Tangerine) are 100% insured up to $100,000 CAD per eligibility category.
What is the difference between redeemable and non-redeemable GICs?
Non-redeemable GICs pay higher interest rates but lock your principal until maturity. Redeemable or cashable GICs let you withdraw early without penalty but offer lower interest yields.