GIC rates have been steady.

Market interest rates, including Government of Canada bond yields , have moved only slightly heading into December, with little changes for savers shopping across both high-interest savings accounts and guaranteed investment certificates (GICs) .

As of Dec. 3, the leading promotional savings rate for new clients was 4.70 per cent from Meridian Credit Union for a four-month period. Scotiabank follows at 4.65 per cent for three months, and Steinbach Credit Union and BMO at 4.60 per cent for four months.

RBC and CIBC are also offering 4.60 per cent for three months. After those periods, rates reset at a much lower level, a gap that could leave many savers seeking alternatives.

The more notable shift this week comes from Saven Financial, which increased it

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