Compare Best TFSA rates in Canada, Best RRSP rates, Best Savings Accounts in Canada, Best RESP rates
💼 Earn a Higher Return with GIC Laddering
Take the guesswork out of timing interest rates.
With the GIC Laddering Strategy, you stay continuously invested while
maximizing returns by reinvesting at the highest interest rate available
— typically the 5-year GIC.
🪜 How GIC Laddering Works
Step 1: Divide Your Investment
Split your total investment into 5 equal parts and invest them across GIC terms:
| Bank Name - RRSP Savings Accounts | Interest | Transfer Fee |
|---|---|---|
| Tangerine $25 Bonus with Orange Key 34602475S1 |
0.30% | $50 |
| Achieva Financial Use Achieva Petal V879070291 to get $25 Bonus |
2.10% | No fee |
| EQ Bank $20 Bonus, enroll here |
1.75% | N/A |
| Wealthsimple Canada $25 Bonus for new accounts |
1.75% | Covered |
| Outlook Financial | 1.85% | $50 |
| Manulife Bank | 1.05% | No fee |
| ICICI Bank | 1.25% | $25 |
| BMO | 0.05% | $100 |
| TD Bank 0.1% over $5000 |
0.00% | $50 |
| CIBC | 0.05% | $100 |
| Canadian Western Bank Balances over $2500 |
0.40% | $50 |
| SCOTIABANK | 0.01% | $100 |
| RBC | 0.45% | $50 |
| Bank Name | Term | Interest | Transfer Fee |
|---|---|---|---|
| Achieva Financial Use Achieva Petal V879070291 to get $25 Bonus |
2 Years | 3.50% | $50 |
| Tangerine $50 Bonus with Orange Key 34602475S1 |
1 Year | 3.20% | $50 |
| Achieva Financial Use Achieva Petal V879070291 to get $25 Bonus |
1 Year | 3.50% | No fee |
| People’s Trust | 1 Year | 3.50% | No fee |