You’re likely reading this EQ Bank review because the bank caught your attention with its no-fee accounts, myriad of no-cost perks, and high interest rates on Guaranteed Investment Certificates (GICs) and High-Interest Savings Accounts (HISAs). Rest … Read More
When you’re earning interest on your investments, you’re going to have to pay tax on the income if they’re sitting in a non-registered account. But if they’re held in a registered account—such as an RRSP—you can … Read More
We know – it’s not even mid-September and the stores are full of Halloween decorations and costumes. It seems a bit premature to be thinking about everything pumpkin spice, so why even bother thinking about Christmas? … Read More
When it comes to buying investment products, such as GICs, it’s easy to simply treat the buying process like a regular shopping trip. You may want to walk into a local branch of your bank, see … Read More
In recent months, things have been going well for the Canadian economy. The dollar is up, stock markets are performing well, and the unemployment rate is at its lowest point in 40 years. As a result, … Read More
If you want a guaranteed rate of return on your money, you’ll probably want to purchase a GIC. To get a great rate, you’ll usually need to invest $1,000 or more.
If you’re looking to invest your money, you can choose between mutual funds, stocks, and bonds. But if you want a low-risk investment, you’ll probably want to consider buying a GIC.
Let’s not kid ourselves: GIC rates aren’t exactly shooting the lights out these days. That’s not to say you can’t do ok, especially if you shop around. But historically speaking, GICs nowadays don’t yield as much … Read More
There are definitely reasons to buy GICs: they provide security of capital and also generate some income. However, with interest rates as low as they are, the unavoidable truth is that GIC returns right now are … Read More
You may have recently seen an ad for equity-linked GICs. Whether a billboard or an online banner, most banks are heavily promoting these products. As we explain in our education centre, these are set up like … Read More