A $10,000 GIC or CD at 4% earns $400 in one year and $2,167 over 5 years with interest compounded yearly.
- 3%
- 4%
- 5%
| Term | 3% | 3.5% | 4% | 4.5% | 5% |
|---|---|---|---|---|---|
| 6 months | $148.89 | $173.49 | $198.04 | $222.52 | $246.95 |
| 1 year | $300.00 | $350.00 | $400.00 | $450.00 | $500.00 |
| 2 years | $609.00 | $712.25 | $816.00 | $920.25 | $1,025.00 |
| 3 years | $927.27 | $1,087.18 | $1,248.64 | $1,411.66 | $1,576.25 |
| 4 years | $1,255.09 | $1,475.23 | $1,698.59 | $1,925.19 | $2,155.06 |
| 5 years | $1,592.74 | $1,876.86 | $2,166.53 | $2,461.82 | $2,762.82 |
| 7 years | $2,298.74 | $2,722.79 | $3,159.32 | $3,608.62 | $4,071.00 |
| 10 years | $3,439.16 | $4,105.99 | $4,802.44 | $5,529.69 | $6,288.95 |
How it is computed
Interest = amount × ((1 + rate)^years − 1), compounded once a year and paid at maturity. Short terms use the same formula for the fraction of a year. Interest is shown before tax.
FAQ
Is a GIC the same as a CD?+
Yes, in practice: a guaranteed investment certificate (Canada) and a certificate of deposit (US) both lock a sum at a fixed rate for a fixed term.
Can I withdraw early?+
Non-redeemable GICs and most CDs either block early withdrawals or charge a penalty, often several months of interest.