Altamira

About Altamira / New and Noteworthy / Newsroom

Press Release

Altamira increases High-Interest CashPerformer rate to 3.75%; $U.S. High-Interest CashPerformer rate to 4.50%, effective June 12

TORONTO (June 7, 2006) Altamira Investment Services is pleased to announce an increase in the rate of its popular High-Interest CashPerformer to 3.75%, and the rate of its $U.S. High-Interest CashPerformer to 4.50%. Both rate changes will be effective on June 12, 2006 for all existing and new accounts from the first dollar invested.

"There is an increasing demand for secure and high interest investments in both Canadian and $U.S. dollars. By offering one of the most competitive savings rates in both currencies, we are providing investors and advisors with an excellent solution which is suitable for a variety of investment needs," said James Whitman, Senior Vice President of Sales and Service at Altamira Investment Services.

Key features of High-Interest CashPerformer:

  • Earn higher daily interest – 3.75% as of June 12, 2006
  • Interest paid on every dollar
  • No account fees or service charges
  • No minimum balance required
  • Easily accessible – it's not locked in
  • RRSP, RRIF & RESP eligible
  • Eligible for CDIC deposit insurance

Altamira also offers one of the most competitive rates for $U.S. high interest savings with Altamira $U.S. High-Interest CashPerformer.

Key features of $U.S. High-Interest CashPerformer:

  • Earn higher daily interest – 4.50% as of June 12, 2006
  • Interest paid on every dollar
  • No account fees or service charges
  • No minimum balance required
  • Easily accessible – it's not locked in

Altamira Investment Services is a leading provider of financial and retirement planning services. We offer a wide range of investment solutions including mutual funds, savings accounts, principal-protected notes 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 and 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:
Glenn Cooper
Director of Communications
416.507.7044
gcooper@altamira.com