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Savings

How GIC interest rates work

GICs are particularly safe because they give you a guaranteed return, unlike other investments that have variable returns, such as stocks and bonds. And when you invest in GICs at a financial institution that is a member of the Canada…

How to buy Scotiabank GICs

Right now, GICs are having a moment—and that’s great news for Canadians who want to save towards a goal without risking a loss. Deciding to invest in a GIC is a solid first step, but you might feel like you need more guidance. Here’s how…

Are GICs a good investment right now?

You can start investing in GICs with as little as $500. In this GIC guide for Canadians, we’ll show you how these versatile investments can help you preserve your purchasing power in the face of high inflation, without risk to your…