An inheritance blessed me with paying off a fine home in Okanagan then placing 100k split over Home Bank and Home Trust for five years at 3.25%.

My wife - with us just entering retirement - agonized over the possible risk but with CDIC guarantees and not going over 100k in one plan, we are safe until the sixth year when a possible improvement in rates might occur?

We enjoy a modest payout every August of just over 3k to pay house taxes and insurance with enough to cover the beer tab beside the pool.