Our son will be going to school in the U.S. and we need to provide proof that we can support him for a year. The the only types of instruments that they will accept is cash, GICs, money market funds. Very liquid assets. They will not accept stocks and bonds.
I don't have this much money in...
Some Manitoba credit unions offer really good GIC rates.
Here's the full list of offerings from across Canada:
Achieva Financial and AcceleRate Financial, both from Manitoba, offer 2.70% on a 3 year GIC.
Plus, the GICs are fully insured...