If I were to have money each year to set aside would putting that money each year in a savings account be better or every year putting that money in a gic better?
It would depend on the the interest rates and what you want to do with your money. A GIC is locked in for a set period of time, so if you are saving for something in the short term, a savings account might be a better choice.
However, both tend to have pretty low interest rates, so there may be better places to put your money. A financial advisor or similar professional can help you look at what your options are and decide what is the right choice for you.
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