What is a GIC and how do you know which one is good?
Motusbank, an online subsidiary of Meridian Credit Union, announces its product offering in Canada.
Over 1/3 of Canadians surveyed do not invest (TFSA, RRSP, GIC, etc.) and only 4% say they’ve ever seriously considered opening an account. Investing seems difficult, but it is one of the easiest ways to free money and there are a few simple options to get you started…
It’s RateSupermarket.ca’s ninth birthday! Since our launch in 2008, we have helped over 7 million Canadians find the best mortgage rates, credit cards, bank accounts and GIC rates. And as a special thank you to our customers, the RS.ca team is giving the presents… to you.
Over the next month, you’ll likely see a lot of ads and articles reminding you to invest in an RRSP. This is because the deadline for investing in a new RRSP and qualifying for a rebate on your 2016 tax return is March 1st, 2017.
Believe it or not, you should care about retirement in your 20s. The earlier you start saving for your golden years, the better – but for cash strapped and debt-laden millennials, setting money aside for retirement can seem completely out of reach.
GICs are a great, straightforward investment option – but with the threat of inflation, and today’s interest rates so low, are they a worthy option? Read on to learn more about your GIC laddering options, and make the most of your money.
Leaving a nest egg for your kids is not as straightforward as it used to be. With seniors living longer than ever before, and with less wealth to go around, bereaved family members are advised to not count their chickens before they hatch.
Now that you’ve handled your debt, it’s time to take money management to the next level – and that’s ensuring your good financial standing. Make your savings work for you by exploring options such as high interest savings accounts and GICs, and learn the ins and outs of applying for loans – without hurting your credit.
Not all savings accounts are created equal. Some offer you unlimited access to your money in exchange for a monthly fee, while others charge you nothing provided you leave your money where you put it. The type of account you choose really depends on you.