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Savings account rates rise as GIC returns hold steady

Interest Rates & YieldsBanking & Liquidity

The article notes that GIC rates are unchanged week-over-week (all top GIC rates at the same levels as two weeks ago), suggesting no new yield impulse from time deposits. Instead, any “action” is shifting to regular savings accounts, but no specific rate changes or magnitudes are provided.

Analysis

The article notes that GIC rates are unchanged week-over-week (all top GIC rates at the same levels as two weeks ago), suggesting no new yield impulse from time deposits. Instead, any “action” is shifting to regular savings accounts, but no specific rate changes or magnitudes are provided.

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