PennyMoreCA / calculators

Plan a little.
Understand a lot more.

Explore savings, investments, mortgages, and credit with tools that make the numbers easier to understand. All amounts are in Canadian dollars.

Savings

GIC calculator

Estimate the interest and maturity value of a fixed-rate GIC.

CAD
%
months

How this calculator works

Fixed-rate GIC with no additional deposits, fees, withdrawals or tax. Compound options reinvest interest at each completed compounding period; any final partial period earns proportional simple interest. Simple interest is earned only on the original deposit. Total principal plus interest includes any interest paid during the term. Actual day-count, payout and maturity rules depend on your GIC contract. This does not model market-linked or variable-rate GICs.

FCAC: Understanding GIC terms ↗