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About Altamira / New and Noteworthy / Newsroom Press ReleaseAltamira High-Interest CashPerformerTM Interest Rate IncreaseTORONTO (May 28, 2007) Effective today, the interest rate on Altamira High-Interest CashPerformerTM has been raised by 0.10%, from 3.75% to 3.85%.* In addition to the attractive interest rate, Altamira High-Interest CashPerformerTM offers many benefits:
"The most recent increase demonstrates Altamira's commitment to providing the most complete and competitive selection of investment solutions for investors. Maximizing the effectiveness of short-term savings solutions is an important component of a well structured personal financial plan," explains Yanic Chagnon, Vice-President, Research and Product Development at Altamira. Moreover, the Altamira $U.S. High-Interest CashPerformerTM is an attractive investment solution for clients with $U.S. savings. Following our recent rate increase to 4.75%,* it is one the most competitive $U.S accounts in the market. Clients can deposit US dollars in this account and not have to worry about exchange rate fluctuations. Media Contact: *Rates as of May 28, 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 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 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. |