Grow Your Money with the Best Investment Rates
Find top GIC rates, high-interest savings accounts, and robo-advisor solutions to build wealth and reach your financial goals.
Guaranteed Investment Certificates (GICs)
GICs offer guaranteed returns with no market risk. Lock in your money for a fixed term and watch it grow.
Current GIC Rates
| Term | Best Rate | Provider |
|---|---|---|
| 6 months | 4.50% | EQ Bank |
| 1 year | 4.45% | Tangerine |
| 2 year | 4.30% | Scotiabank |
| 3 year | 4.20% | TD |
| 5 year | 4.10% | RBC |
Why Choose a GIC?
- ✓Guaranteed return - no market risk
- ✓CDIC protected up to $100,000
- ✓Flexible terms (6 months to 5 years)
- ✓Easy to understand
High-Interest Savings Accounts (HISA)
Keep your money accessible while earning competitive interest rates. No term restrictions, withdraw anytime.
EQ Bank
Minimum Deposit: $0
Tangerine
Minimum Deposit: $0
Ally Bank
Minimum Deposit: $0
CIBC
Minimum Deposit: $0
HISA vs. Regular Savings Account
HISA Advantages
- • 4.5%+ interest rates
- • Anytime withdrawal
- • CDIC protected
- • No monthly fees
Regular Savings Account
- • 0.05% - 0.10% interest
- • Anytime withdrawal
- • CDIC protected
- • Monthly service fees
Robo-Advisor Platforms
Automated investing with professional portfolio management. Perfect for hands-off investors.
Wealthsimple
0.40% - 0.70%
$1
$15B+
Key Features
- •Socially responsible options
- •Crypto portfolio
- •Tax-loss harvesting
BMO SmartFolio
0.70%
$500
$5B+
Key Features
- •ETF-based portfolios
- •Rebalancing included
- •Low fees
CI Direct Investing
0.35% - 0.70%
$1,000
$2B+
Key Features
- •Goal-based investing
- •Personalized advice
- •ETF portfolios
How Robo-Advisors Work
Take Quiz
Answer questions about your goals and risk tolerance
Get Portfolio
Receive a personalized ETF-based portfolio
Automated Investing
Your portfolio is automatically rebalanced
Grow Wealth
Monitor your progress and watch it grow
Free Investment Calculators
Plan your investments with our powerful tools.
Canadian Tax-Advantaged Accounts
RRSP (Registered Retirement Savings Plan)
Save for retirement with tax deductions. Your contributions are tax-deductible and growth is tax-free until withdrawal.
- ✓Contribution limit: 18% of previous year income (max $31,560 for 2024)
- ✓Tax benefit: Immediate tax deduction
- ✓Growth: Tax-free compound growth
- ✓Withdrawal: Taxed as income when withdrawn
TFSA (Tax-Free Savings Account)
Save for any goal without taxes. Contributions aren't deductible, but all growth is completely tax-free.
- ✓Contribution limit: $6,500/year (2023-2024)
- ✓Tax benefit: No tax on growth or withdrawals
- ✓Flexibility: Withdraw anytime penalty-free
- ✓Any goal: Down payment, vacation, emergencies
Investment Questions
What's the best investment for beginners?
Start with a TFSA and a robo-advisor. They require minimal investment ($1-500), are fully automated, and charge low fees (0.3-0.7%). Perfect for learning while you build wealth.
Should I choose GIC, HISA, or stocks?
GICs offer guaranteed returns with no risk (best for short-term goals). HISAs are flexible with good rates (best for emergency funds). Stocks offer higher growth potential (best for long-term, 10+ years).
How much should I invest monthly?
Start with what you can afford—even $50/month compounds significantly over time. Increase as your income grows. Consistency matters more than amount.
Is it too late to start investing?
No. Whether you're 25 or 55, the best time to start is today. Even a few years of compound growth adds up significantly.
What's the difference between GIC and HISA interest rates?
GIC rates are typically 0.2-0.5% higher, but your money is locked in. HISA rates are slightly lower, but you can withdraw anytime. Choose based on your liquidity needs.
Ready to Grow Your Wealth?
Compare rates, choose the right investment, and start your journey to financial freedom.