In a few months, you could be kicking yourself for not buying GICs today

News Snapshot:

Welcome to the top of the mountaintop for returns on guaranteed investment certificates. We won’t stay there long, if a growing number of indicators are correct in suggesting interest rates have stabilized and will head lower next year. You could still get 6 per cent rates on one- and two-year GICs as of late this week from Motive Financial and Oaken Financial, and rates of as much as 5.7 per cent were available from a variety of issuers for terms of three to five years. Big bank specials offered this week included 5 per cent returns for various terms, including...