Unleashing the Potential: GIC Investing Beyond 5%”

The Rise and Fall of GIC Interest Rates

At the beginning of the year, GIC rates were on a downward trend, with the possibility of 5-per-cent returns becoming a thing of the past. However, the summer has seen interest rates on guaranteed investment certificates bounce back. While 5 per cent returns are now attainable, they are no longer considered exceptional for terms of one through three years. The best returns, surprisingly, can be found in GICs with shorter terms.