Interest rates have largely levelled off, resulting in little change in high-interest savings accounts and guaranteed investment certificates (GICs) from the previous week. With the Bank of Canada holding its policy rate at 2.25 per cent on Dec. 10, most financial institutions are expected to keep their rates steady.

Meridian leads promotional savings rates at 4.70 per cent for four months, followed by Scotiabank at 4.65 per cent and several others including SCU, BMO, RBC and CIBC at 4.60 per cent.

These rankings have remained largely unchanged for weeks. After the promotional periods end, rates often fall below 1 per cent, which makes institutions with strong non-promotional rates more appealing for long-term savers.

Saven Financial currently offers the best non-promotional savin

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