GIC rates have gone up to insane levels, as interest rates in Canada continue to increase. Here are today’s GIC rates at Tangerine.
The 1/12 year guaranteed GIC is an impressive 6.00% even, but the 1 year is looking pretty good too. Interesting how the rates decrease as the length of term increases, so obviously a lot of financial experts still think that these higher interest rates are only temporary.
Tangerine Bank is a subsidiary of Scotiabank.