Recently, online banks have grown much more popular. One of the main reasons is they offer much higher interest on their savings accounts compared to traditional banks.
GICs are another type of fixed income investment similar to savings accounts. It usually offers a higher yield than the traditional savings account interest, but not by much.
Corporate bonds are only as safe as the corporation you invest in.Investing in giant companies can be a wise move because even with the risk, the potential for good returns is very high.