This was the year of the GIC. Of the 28 rates WhatBank tracks, 28 increased their 5yr rate over the year.

The median five year GIC rate on December 31^st was 4.6%.

View WhatBank’s interactive table of Canada’s best GIC rates and sign up to receive email notifications when rates you care about change.

Be sure to check out WhatBank’s new credit card finder. It graphically shows the value that you get from your credit card, takes taxes and fees into account when you choose to use the card for flights, and even shows you what happens if you don’t pay off your card in full each month.