GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Canadians: best guaranteed rate of return investment available?

yys · 10-17-2004, 12:42 PM

Pick yourself up a weekend Globe and Mail. They list the highest rates in the country for GIC's every week.

Peoples Trust has the highest 30 day(2.35%/$5,000; 2.45%/$50,000) and 1 year rates(3.1%/$5,000)

Achieva Financial has the highest 5 year rates(4.55%/$1,000)

GIC's are a money loser outside of an RRSP or RIFF though; there was a paper that came out of York U last March about it. You can check it out here The Erosion Effects of Income Taxes and Inflation on GIC Investment Returns

Keep the $50 if these are the highest rates anyone finds.

10-17-2004, 12:42 PM
yys Confirmed User Join Date: Aug 2001 Posts: 1,922	Pick yourself up a weekend Globe and Mail. They list the highest rates in the country for GIC's every week. Peoples Trust has the highest 30 day(2.35%/$5,000; 2.45%/$50,000) and 1 year rates(3.1%/$5,000) Achieva Financial has the highest 5 year rates(4.55%/$1,000) GIC's are a money loser outside of an RRSP or RIFF though; there was a paper that came out of York U last March about it. You can check it out here The Erosion Effects of Income Taxes and Inflation on GIC Investment Returns Keep the $50 if these are the highest rates anyone finds.