Canada TD GIC Rates July 2024 – Check Yearly Increased Rates List

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Hey Hustlers! Are you looking to secure your investments with guaranteed returns? HustleHub has you covered with the latest updates on Canada TD GIC rates for July 2024. Guaranteed Investment Certificates (GICs) are a safe and reliable way to grow your money. In this article, we’ll dive into the current rates, types of GICs, and provide answers to some of your most frequently asked questions.

Financial advisor explaining TD Bank GIC rates to clients.
Unlocking higher returns with TD Bank GIC rates.


Hustlers, this guide breaks down the latest Canada TD GIC rates for July 2024. Understand the different types of Guaranteed Investment Certificates (GICs), explore the new rates, and find answers to common questions. Stay informed and make the most of your investments.

Understanding Guaranteed Investment Certificates (GICs)

GICs are investment products that guarantee the return of your principal amount plus interest after a specified period. They are a popular choice for conservative investors looking to preserve their capital while earning a fixed return.

Types of Guaranteed Investment Certificates (GICs)

Type of GICDescription
Cashable GICsAllow early withdrawal with little to no penalty.
Non-Redeemable GICsRequire you to lock in your money for the entire term.
Market-Linked GICsReturns are tied to the performance of a specific market index.
Foreign Currency GICsInvest in GICs denominated in foreign currencies.

TD’s GIC Rates for July 2024

TD Bank offers competitive GIC rates that have seen an increase this year. Here are the updated rates:

Term LengthInterest Rate (Annual)
1-Year GIC2.50%
2-Year GIC2.75%
3-Year GIC3.00%
4-Year GIC3.25%
5-Year GIC3.50%

These rates reflect the latest updates for July 2024, showcasing a notable increase compared to the previous year.

Benefits of Investing in GICs

  • Security: GICs guarantee your principal investment.
  • Predictable Returns: Fixed interest rates ensure you know your returns in advance.
  • Diverse Options: Choose from different terms and types to match your investment goals.

FAQs on Canada TD GIC Rates July 2024

What is known by Canada TD GIC? 

A Canada TD GIC is a Guaranteed Investment Certificate offered by TD Bank, providing a secure and predictable return on investment.

What are the different types of GIC?

The different types of GICs include cashable, non-redeemable, market-linked, and foreign currency GICs.

What is the time period of investments?

GIC terms can range from a few months to several years, with typical terms being 1 to 5 years.

How much is the minimum rate of GIC? 

The minimum rate for TD GICs in July 2024 starts at 2.50% for a 1-year term.

Can I withdraw my money before the GIC term ends? 

It depends on the type of GIC. Cashable GICs allow early withdrawal, whereas non-redeemable GICs do not.

Are GICs a good investment for retirement?

Yes, GICs are a safe investment option for retirement as they provide guaranteed returns.

Where can I find more information on TD’s GIC rates?

For more detailed information, visit the official HustleHub website or TD Bank’s official page.


Investing in GICs is a smart move for Hustlers looking for secure and guaranteed returns. With the latest TD GIC rates for July 2024, you have an excellent opportunity to grow your savings safely. Remember, at HustleHub, we’re here to guide you in making informed investment decisions. Stay updated, stay informed, and make the most of your hard-earned money!

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