The Bank of Canada (BOC) is in the process of raising interest rates, but they are still standing at near all-time lows. And this isn’t good for your savings accounts, guaranteed investment certificates (GICs), or cash deposits (CD)s.
You may be a sandwich investor: you’re apprehensive of dipping your toe in the stock market, but you’re also frustrated by the lack of returns on your savings. What’s the solution?
Should you want to refrain from mutual funds, stocks, exchange-traded funds (ETFs), and the myriad of other high-risk investment options, then perhaps a GIC is your best option.
It is true that many may scoff at the notion of purchasing a GIC. However, by shopping around, doing your due diligence, and locking in a sum of money, you can witness your money working harder for you in today’s booming market. Here are five tips for buying GICs with the best GIC rates:








