Where to park money in Canada in interest bearing account?

[mcfarms]

For the first time in my career there is a little extra cash that I need to put somewhere for a year. Would like to collect interest and be zero risk. This is in Alberta, Canada.

Are there any savings accounts or T bill accounts or ?? that pay 5% or better?

Never had extra money that is not ear marked for something else. Real novelty.

Tonights GIC rates via RBC Direct. For a 1 year annual.
If I'm doing GIC's if I'm doing more than 100 k at a time I'll split it up with a different provider, watch out for fees some banks are higher to purchase than others .


B2B BANK Dec 28, 2023 Annual 4.69
ROYAL TRUST CORP Dec 28, 2023 Annual 5.00
BANK OF NOVA SCOTIA Dec 28, 2023 Annual 5.00
BMO MORTGAGE CORP Dec 28, 2023 Annual 5.00
ROYAL TRUST COMPANY Dec 28, 2023 Annual 5.00
RBC MORTGAGE CORP Dec 28, 2023 Annual 5.00
ROYAL BANK OF CANADA Dec 28, 2023 Annual 5.00
RBC 30D CASHABLE Dec 28, 2023 Annual 3.80
RBMC 30D CASHABLE Dec 28, 2023 Annual 3.80
EFFORT TRUST Dec 28, 2023 Annual 5.00
FAIRSTONE BANK Dec 28, 2023 Annual 4.00
GENERAL BANK OF CDA Dec 28, 2023 Annual 4.85
EQUITABLE BANK Dec 28, 2023 Annual 4.99
CANADIAN TIRE BANK Dec 28, 2023 Annual 3.70
BANK OF MONTREAL Dec 28, 2023 Annual 5.00
CDN WESTERN TRUST Dec 28, 2023 Annual 4.60
CDN WESTERN BANK Dec 28, 2023 Annual 4.60
LAURENTIAN BANK Dec 28, 2023 Annual 4.69
KEB HANA BANK CANADA Dec 28, 2023 Annual 4.50
MANULIFE BANK CDA Dec 28, 2023 Annual 4.55
LBC TRUST Dec 28, 2023 Annual 4.69
HOMEEQUITY BANK Dec 28, 2023 Annual 4.10
HSBC BANK CANADA Dec 28, 2023 Annual 4.70
ICICI BANK CANADA Dec 28, 2023 Annual 4.63
HOME TRUST COMPANY Dec 28, 2023 Annual 5.00
VERSABANK Dec 28, 2023 Annual 4.70
PEOPLES TRUST Dec 28, 2023 Annual 4.60
VANCITY CREDIT UNION Dec 28, 2023 Annual 4.75
SBI CANADA BANK Dec 28, 2023 Annual 4.20
MONTREAL TRUST CDA Dec 28, 2023 Annual 5.00
MANULIFE TRUST CO. Dec 28, 2023 Annual 4.55
NAT'L BANK OF CANADA Dec 28, 2023 Annual 5.05
NATCAN TRUST COMPANY Dec 28, 2023 Annual 5.05

4.95 one year redeemable, anytime after 30 days, full interest paid , 5.25, 5 year,

[Herc]

Get quote on GIC from ur bank. Be over 5% for sure.

[poorboy]

For the first time in my career there is a little extra cash that I need to put somewhere for a year. Would like to collect interest and be zero risk. This is in Alberta, Canada.

Are there any savings accounts or T bill accounts or ?? that pay 5% or better?

Never had extra money that is not ear marked for something else. Real novelty.