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With more than 150 years in the market, an easy online application process, and a free student bank account when you arrive in Canada, CIBC bank is not only the most affordable option - it makes the most sense for other reasons too. From the biggest perks to the best GIC rates in Canada, we did our homework.Īfter putting together all of our research, one option stands above the others: the CIBC Student GIC program is the best GIC option on the market. So, we’ve done all the research for you! We’ve put together a side-by-side comparison of all the top Canadian banks providing GICs to figure out the option that’s the fastest, easiest, and most affordable. We know that you have a lot to get ready for your studies in Canada: booking a flight, finding a place to live, trying to sign up for a class schedule that will let you sleep in on Fridays! You may not have time to research all the banks to find out which bank offers the best GIC for you, including the best GIC rates in Canada. If you’re living in China, India, the Philippines, Vietnam, Pakistan, Morocco, or Senegal, you can get your Canadian study permit processed in 20 days, thanks to a new expedited application system for study permits called the Student Direct Stream, or SDS.Ī major requirement to apply for your study permit through the Student Direct Stream is submitting a Guaranteed Investment Certificate (GIC) showing you have an investment account with a balance of CAD $10,000 or higher.
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Now all that’s left is to apply for your study permit. And now you’ve received your letter of acceptance, promising you admission, a Canadian education, and a clear path to a great career and long-term immigration in Canada. You’ve looked up colleges and universities, found the right program, and spent hours putting together applications. You’ve studied hard your whole life, put in the time, landed good grades. The best choice for your GIC: CIBC’s Student GIC Program.Choosing a bank for your GIC: A side-by-side comparison of your GIC options.The Student Direct Stream: Why do you need a GIC?.
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Plus, get your new SIM card shipped for free anywhere in the world!Īll research for this article, including research into GIC banks and the best GIC rates in Canada, was conducted in June, 2019. Unlock exclusive deals on monthly plans and get $10 off your first month.