Info-Reports - Savings
Interest Savings Accounts
investor has no shortage of investment options to choose from. We believe
so strongly in our mission to make money management easy for our clients
that we went and had it registered as our Trade Mark - Money Management
We want you to profit from our research. This
section provides a base reference source of investment products in a
simple format. The information outlined below is provided to give an
overall illustration of parameters that may be in effect for this investment
6 - High/Very High
6 - High/Very High
3 - Low/Moderate
/ TIME FRAME
is earned on amounts over $3,000. Some accounts have tiered balance
interest paid monthly
/ RRIF ELIGIBILITY
daily interest savings accounts pay higher rate of interest as
the balance increases.
earned on closing daily balance.
interest rates associated with money market accounts flexibility
of a bank account.
- High/Very High
in the value of goods will erode the purchasing power of your investment
rise - Fixed rate investments lose value
value of your investment is effected by the fluctuations in currency
market - economic, political or social events that produce declines
default on payments or secured assets decline below par value or face
which investments are right for you will depend on a number of factors:
Primary Goal - Is it to have your money readily accessible,
to have a dependable source of regular income, or to build your assets
over time? Each type of investment fulfills a different need.
Time Horizon - When will you need the proceeds of your investment?
If it's within a few months or years then short-term cashable GICs or income investments
should be considered. With a long term horizon, you may want to add growth
investments to the mix.
Risk Tolerance - Growth investments with a higher level of
risk will generally pay higher return, but if your nest egg and peace
of mind are key, investments with safety of principal is the answer.