Rob Carrick: Five reasons to look hard at a 5-per-cent one-year GIC

Yield hunters have a good variety of options in the current financial environment

If you’re hunting for the best GIC yields right now, check out the one-year term. A good variety of issuers of guaranteed investment certificates still offer returns of 5 per cent or more for one year. Here are five reasons why this GIC option could make sense in the current financial environment:The number of GIC issuers offering 5 per cent yields for terms of two to five years has fallen sharply in recent week. But the one-year term is an exception.

There’s zero reason to worry about stocks as a long-term component of an investment portfolio, but this could be an up and down year.The resilience of inflation has caused interest rates in the bond market to creep higher in the past month, which means lower bond prices. Yields and prices move in opposite directions. What this means for investors is that balanced portfolios are once again being held back by weak bond performance.The inflation rate in January was 5.9 per cent, down from 6.

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