Hello, there is a product offered by one of the banks in my country that is a GIC with 2, 3, and 5 year terms. The link below describes the rates (View Interest Rates link by the bottom); it looks like the 2 and 5 year terms have the lowest rate, while the 3 year has the best. This is probably a dumb question as I'm not particularly savvy financially, but can anyone explain the logic behind this? Is there some sort of catch here? I would have thought that the 5 year would offer the best rates since your money is locked up for the longest in that term.
Submitted January 27, 2019 at 11:24AM by dr-prunesquallor http://bit.ly/2B7hzYp
