Altamira

Press Release

Altamira $U.S. High-Interest Cash PerformerTM Interest Rate Increase

TORONTO (April 27, 2007) The interest rate on the Altamira $U.S. High-Interest CashPerformerTM account has been raised 0.25%, from 4.50% to 4.75%*, making this one of the highest paying US dollar savings accounts on the market.

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 CashPerformerTM 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 Altamira.

The Altamira High-Interest CashPerformerTM
For clients saving up for a rainy day or a special purchase, the Candian dollar High-Interest CashPerformerTM account is an obvious choice. At 3.75%,* it pays more than most CDN$ savings accounts offered by other financial institutions.

Media Contact:
Crystal Jongeward
Public Relations Specialist
416.507.7252
cjongeward@altamira.com

*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.