TORONTO, April 27 /CNW/ - The interest rate on the Altamira $U.S.
High-Interest CashPerformer(TM) account has been raised 0.25%, from 4.50% to
4.75%(*), making this one of the highest paying US dollar savings accounts on
In addition to its attractive rate, this product offers:
- Savings: No account fees or service charges apply.
- Flexibility: No minimum investment is required and clients earn
interest on every dollar deposited.
- Liquidity: Funds are never locked-in.
Interest is calculated daily on the balance in the $U.S. High-Interest
CashPerformer(TM) account and paid monthly. This product is also eligible for
registered plans (RRSPs, RRIFs, RESPs, DPSPs and LIRAs). This account is
perfect for clients who want to earn more on their U.S. dollar savings while
still having access to their funds and for clients who frequently travel to
the U.S. and want to have U.S. funds handy without worrying about losing money
due to the exchange rate.
"The new higher interest rate on this US dollar account combined with the
power of compound interest ensures that your money will grow faster than
ever," says Yanic Chagnon, Vice-President, Research and Product Development of
The Altamira High-Interest CashPerformer(TM)
For clients saving up for a rainy day or a special purchase, the Canadian
dollar High-Interest CashPerformer(TM) account is an obvious choice. At
3.75%,(*) it pays more than most CDN$ savings accounts offered by other
(*) Rates as at 27, 04, 2007. When your client invests in High-Interest
CashPerformer or in $U.S. High-Interest CashPerformer, Altamira deposits your
client's money into an account opened for your client at National Bank of
Canada. National Bank is a member of the Canada Deposit Insurance Corporation.
High-Interest CashPerformer accounts are eligible for CDIC insurance, subject
to CDIC rules and regulations. However, like other banks, U.S. dollar accounts
are not insured, and $U.S. High-Interest CashPerformer is not therefore
insured. The interest rate is an annual rate and is subject to change without
direct notice to your client. Interest is calculated daily on the balance in
the account and paid monthly. Altamira acts as the deposit agent of, and
receives a commission from, National Bank. Altamira pays advisors a trailing
commission based on High-Interest CashPerformer and $U.S. High-Interest
CashPerformer holdings (based on the Canadian dollar equivalent) which does
not reduce the client's return. The commission is only paid to discount
brokers at Altamira's discretion. Altamira shares each investor's name,
address and social insurance number with National Bank to open and administer
an account in his/her name. Such information is treated by National Bank in
accordance with applicable laws for the protection of personal information.
For further information:
For further information: Crystal Jongeward, Public Relations Specialist,
Altamira Investment Services, (416) 507-7252