Much depends on how bond markets react to future Bank of Canada moves.

Following the Bank of Canada’s 25-basis-point rate cut two weeks ago, the savings and GIC market seems to have stabilized, with minimal changes since last week .

Although yields are lower than earlier this fall, savers can still find value in high-interest savings accounts and guaranteed investment certificates (GICs) for short-term, stable returns.

For GICs, MCAN Financial continues to offer the best rates across all popular GIC terms. Its 3.95 per cent rate for a five-year GIC is the highest available from any major financial institution in Canada.

Notably, for a three-year term, the highest available GIC rate of 3.70 per cent is now nearly identical to the best mortgage rate of 3.69 per cent for a three

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