Wow that sucks (thanks for letting me know)! I always vouched for PC Banking because of the high interest rate; but it looks like a GIC at ING Direct might be the best route then?

 

That seems to be one of the higher ones out there but I really haven't really checked closely. I don't buy GICs.

There are corporate bonds paying 5%+ and preferred paying 5%+ with capital gain potential. You also have bankers acceptances if you've got a larger balance $50K+

All of the large banks have lowered these savings rates a lot over the past number of months. RBC was 4% only about 4 months ago and now is 2.75%.