While high interest rates can hit the wallet hard, an expert tells us about one bright side.
You may be feeling the pinch of high interest rates, particularly if you carry a mortgage or other consumer debt. But Rachel Megitt, RBC’s Vice President, Term Investments & Savings, Personal Banking and Investments, tells us that high rates can benefit GICs. Rachel explains what GICs are and why they are having their moment in the sun in this high-rate environment.
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