What is a GIC and how do you know which one is good?
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.
A Guaranteed Investment Certificate (GIC) is a savings option where you agree to invest your money for a certain amount of time in exchange for interest on your money. It’s considered a safe investment because your principal is secure.