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About Altamira / New and Noteworthy / Newsroom Press ReleaseAltamira increases high-interest savings account rate to 3.25%TORONTO (February 3, 2006) Effective today, Altamira Investment Services is pleased to announce an increase in the rate of High-Interest CashPerformer to 3.25%. Altamira remains committed to offering highly competitive rates of interest. The change will be effective for all existing and new accounts from the first dollar invested. Whether investors are looking to save for future purchases or need a short-term parking place while they decide where to invest, High-Interest CashPerformer is an ideal alternative to traditional savings accounts, money market funds and other short-term instruments.
Key features of High-Interest CashPerformer:
Altamira U.S. High-Interest CashPerformer will remain at its current rate of 3.75%. Altamira is a leading investment services company, offering a wide range of mutual funds, savings products, financial planning and managed portfolio services. Award-winning client service, product innovation and expert advice define Altamira's distinctive approach to investment management. The company is headquartered in Toronto with offices across the country, and is a subsidiary of the National Bank of Canada. When you invest in High-Interest CashPerformer or $U.S. High-Interest CashPerformer, Altamira deposits your money in an account opened for you at National Bank of Canada. National Bank is a member of the Canada Deposit Insurance Corporation (CDIC). 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 accounts are not therefore insured. The interest rate is an annual rate and is subject to change without direct notice to you. Interest is calculated daily on the balance in your account and paid monthly. Altamira acts as the deposit agent of, and receives a commission from, National Bank. Altamira may share a portion of this commission with other dealers who solicit deposits for High-Interest CashPerformer accounts and $U.S. High-Interest CashPerformer accounts. Altamira shares your name, address and social insurance number with National Bank to open administer an account in your name. Such information is treated by National Bank in accordance with applicable laws for the protection of personal information. Media Contact: |