| To prove the value a Fiscal Agents client
would receive, we went to the market with a 5-year $50,000.00 investment, and
asked for the major banks to show us their best-posted rates.
The results (as of February 19, 2008):
| • |
By investing $50,000.00 for a period of 5 years at our best
interest rate of 4.65% the Annual interest paid to you would be $2,325.00. That's
$575.00 per payment higher than any major bank. If interest is paid out, the overall
result is a whopping $2,875.00 more in your pocket. The average rate at the major
banks was only 3.29%. |
| • |
If it had been an RRSP investment, and compound over the
same time and interest rate period, you would have accrued $12,757.58. in interest
a difference of $3,373.26 higher than the average available at any major bank! |
Conclusion: Fiscal Agents Guaranteed Investment Certificate clients
earn more on each dollar invested than a local major bank branch client. Not
convinced? Try haggling with your bank, and then calling us at (905) 844-7700
for a quote.
Related article
For most GIC buyers, securing the highest possible guaranteed income is as much
of a priority as having all assets secure and covered by deposit insurance. Our
no-fee deposit broker placement service helped earn clients 17.2% more interest
over a 15-year study period, than what they would have received at any Main Street
retail-banking outlet, using the banks posted retail rates. |
