Are You Invested In GICs, Earning Record Low Rates?
Submitted by Justin Hayek on August 27th, 2019Interest rates around the world are trending towards or are now at record lows. This applies to GICs (guaranteed investment certificate) too. Just to give you an example of how much rates have declined; in the 1980's a 5 year GIC paid as much as 15% per year at the time, today 2% is the norm.