The best 90-day non-registered GIC rates
Compare the best short-term, unregistered GIC rates available in Canada with 90-day terms.
Compare GICs
Rates updated:
FAQ
How does a 90-day (3 month) GIC work?
A 90-day GIC works like any other GIC: your cash is deposited with a bank or credit union for a set period of time known as the term (i.e. 90-days), and once the term ends, you’re guaranteed to get your money back plus interest. Unlike with a savings account, the interest rate on a GIC can’t spontaneously drop and will be locked-in for the duration of your term.
In the case of most GICs, you can’t access your cash until the term ends.
The advantage of a short-term 90-day GIC is that you won't have to be parted with your cash for long, making it the ideal investment vehicle for achieving short-term savings goals and quick guaranteed (albeit conservative) returns. Your interest will be paid at the GIC’s maturity (i.e. after 90 days) and isn’t compounded monthly.
What’s the difference between an unregistered and registered GIC?
An unregistered GIC is considered a personal investment account and doesn’t come with any government tax advantages. While your earnings will be subject to tax, the benefit of unregistered accounts is they can offer greater flexibility. You can take out the cash from your GIC once the term ends without having to worry about government-mandated withdrawal or contribution limits. By leveraging a non-registered GIC, you can also leave more room in your registered government accounts (TFSA and RRSP) for longer-term, higher-growth investments with a robo-advisor or online brokerage.
A registered GIC fundamentally works the same way as any other GIC but the account is held in a registered government account and will receive tax advantage either in the form of tax-free earnings (TFSA) or tax-deferment (RRSP).
The best overall GICs in Canada
A few things we’re proud of
1,200,000
monthly users
11 years
young
Over 1M
better choices made
Trusted partner
to Canada’s top financial institutions
The knowledge bank
A wealth of knowledge delivered right to your inbox.
About Ratehub.ca
Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.
When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.
Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.
How does Ratehub.ca make money?
Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.