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Traditionally, when
referencing "guaranteed investments", the financial community means
some form of guaranteed deposit account. Interest on these deposits depends on
their terms
and amounts.
You can choose from
guaranteed investment products offered by the Canadians top
insurance companies: Manulife Financial, AIG Life of Canada, RBC
Insurance, Standard Life, Equitable Life and others. Besides
guaranteed investments, you also obtain other advantages offered by
insurance companies:
-
The ability to
bypass probate and other estate administrative fees, giving both
you and your beneficiaries peace of mind.
-
Potential for
creditor
protection with preferred class beneficiary designation.
And Additional Protection!
Your
investments are protected by Assuris, protecting your life insurance
(Insurer
insolvency protection).
For further information, visit
Assuris
Web
site.
Here are some of the investments your can choose from.
Guarantee of Principal and Simple Interest
- This type
of investment guarantees both the return of investment capital and
the payment of income from investment, but not the rate at which any
such income could be reinvested.
|
Example
Redeemable Term Funds
Date of last rate change: January 05
2007
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Simple interest paid at maturity
|
|
Less than 1 year: |
30
days |
90
days |
180
days |
270
days |
|
Up to $24,999 |
1.600
|
1.900
|
2.300
|
2.600
|
|
$25,000 - $49,999 |
1.725
|
2.025
|
2.425
|
2.725
|
|
$50,000 - $99,999 |
1.850
|
2.150
|
2.550
|
2.850
|
|
$100,000 - $249,999 |
1.975
|
2.275
|
2.675
|
2.975
|
|
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Guarantee of
Principal and Compound Interest
- This type of investment guarantees
the return of invested capital, the payment of income from the
investment, and the rate at which any such income is reinvested.
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Example
Ecoflex Guaranteed
Interest Fund Rates
As at January
5, 2007
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Type of Interest Credited
For investment terms of over one year, you may choose
between:
-
Compound Interest at the Current Rate
Compound interest at the current rate is credited
annually and can be paid out or reinvested at the
current rate OR
-
Compound Interest at the Guaranteed Rate
Compound interest at the guaranteed rate is credited at
the end of the investment term.
For investment terms of
one year or less, compound interest at the current rate
is applied automatically |
Guarantee of Principal and Stepped
Interest Rate
- This type of investment guarantees return of capital
and
interest rates that escalate each year.
|
Example
UpScale RRSP
|
Compound interest only |
|
Amounts to be invested up to
$24,999 |
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Date of last rate change: December 22
2006 |
| |
|
Terms |
3
years
(%) |
5
years
(%) |
10
years
(%) |
|
1
st
year |
3.100
|
3.100
|
1.300
|
|
2
nd
years |
3.200
|
3.200
|
1.400
|
|
3
rd
years |
3.300
|
3.300
|
1.500
|
|
4
th
years |
|
3.350
|
1.800
|
|
5
th
years |
|
3.400
|
2.300
|
|
6
th
years |
|
|
2.800
|
|
7
th
years |
|
|
3.200
|
|
8
th
years |
|
|
4.200
|
|
9
th
years |
|
|
5.400
|
|
10
th
years |
|
|
10.000
|
|
Average rate |
3.200
|
3.270
|
3.360
|
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Guarantee of Principal and No Guaranteed
Interest Rate
- This type of
investment guarantees return of capital and interest rate returns
linked to performance of an external yardstick, like TSE 300 Index
or market-based investments selected by the company. This investment
enables you to participate in the growth potential of market-based
investments while guaranteeing your principal. Click the next links
to see examples:
Manulaife Financial
and
Standard
Life.
Daily Interest Account
-
A short-term holding account. Money is available any time without
fees. A convenient place to "park" your money while you take time to
make longer-term investment decisions.
Guaranteed investment
products are
available both in non-registered and registered accounts (for
example, RRSP).
Contact us for more information and free
consultation - Choose the contract, which is right for your needs!
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If you
have any questions or concerns feel free |
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