Calculator · Open source
GIC Returns Calculator
Calculate your GIC interest earnings by term, rate, and compounding frequency. Compare terms and see tax impact by account type.
Methodology
Public formulas, updated regularly. Built for Canadians, by Canadians.
$25,000
4.50%
Term Comparison
| Term | Interest Rate | Interest Earned | Total |
|---|---|---|---|
| 6 mo | 4.45% | $556.25 | $25,556.25 |
| 1 yr | 4.50% | $1,125 | $26,125 |
| 2 yr | 4.60% | $2,300 | $27,300 |
| 3 yr | 4.70% | $3,525 | $28,525 |
| 5 yr | 4.90% | $6,125 | $31,125 |
Value at Maturity
$26,125.00
1 yr @ 4.5%
Interest Earned
$1,125.00
Effective Annual Rate
4.50%
Tax-Free Growth
TFSA: no tax on interest. Withdrawals restore room next year.
Principal
Interest
GICs at CDIC-member institutions are insured up to $100,000 per depositor, per insured category.