A reader wants to know: With interest rates for savers still low, where can she earn a decent return?

I have just retired, and the majority of my savings are in RRSPs, with a small RPP from a defined contribution plan. I have read that it is best to protect at least a year’s future income from the market, so I have cash sitting in a couple of accounts. I would like that cash to earn some income, but current GIC rates are still very low, and bonds are not guaranteed. What other options could I consider? Thanks. – Mary M.

A – Just keep the money in a high interest bank account that is covered by deposit insurance. EQ Bank currently pays 2.3 per cent. – G.P.

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