GIC Return Calculator
A Guaranteed Investment Certificate (GIC) is a low-risk Canadian investment that guarantees your principal and pays a fixed interest rate over a set term. Use this calculator to compare GIC returns to regular savings accounts and see the impact of taxes.
GIC Return Calculator — Guaranteed Investment Certificate
Free GIC (Guaranteed Investment Certificate) return calculator. Calculate maturity value, interest earned, after-tax returns, and effective yield for Canadian GICs.
Maturity Value$11,576
Interest Earned$1,576
After-Tax Interest$1,103
Effective Yield5.00%
GIC Growth Over Term
Compare to Savings Account
Same principal in a savings account earning 3.0% APY:
GIC (5%)
Maturity Value$11,576
Interest Earned$1,576
Savings (3.0%)
Maturity Value$10,927
Interest Earned$927
Year-by-Year Breakdown
| Year | Value | Interest |
|---|---|---|
| 1 | $10,500 | $500 |
| 2 | $11,025 | $1,025 |
| 3 | $11,576 | $1,576 |