Products
Tradex Investment Savings Account
Tradex Investment Savings Account is a very competitive daily interest savings account. Here are the key details:
- The deposits are held in trust at Manulife Bank of Canada, a wholly owned subsidiary of Manulife Financial, one of Canada’s largest financial institutions.
- The deposits are eligible for CDIC insurance up to $100,000 per account in accordance with CDIC rules and regulations.
- There in no minimum required balance and there are no
service fees. You earn full interest on every dollar you hold in a Tradex Investment Savings Account for each day the money is in the account.
- Electronic transfers between your established bank account and this high-yield savings account are available, subject to a maximum 2-business day notice, upon your telephone or e-mail instructions.
| Effective Date |
Interest Rate |
| July 22, 2010 (and current
rate) |
1.30% |
| August 13, 2009 |
1.00% |
| August 6, 2009 |
1.05% |
| June 11, 2009 |
1.10% |
| May 28, 2009 |
1.20% |
| April 24, 2009 |
1.30% |
| March 6, 2009 |
1.55% |
| January 30, 2009 |
1.85% |
| January 7, 2009 |
2.30% |
| December 10, 2008 |
2.55% |
| November 5, 2008 |
3.05% |
| July 25, 2008 |
2.90% |
| May 6, 2008 |
3.00% |
| April 24, 2008 |
2.55% |
| March 5, 2008 |
3.05% |
| January 23, 2008 |
3.55% |
Tradex Members hold over $12 million in this account. It’s a great place for
you to “park” funds that you will need in the short-run or funds that
you may want to hold awaiting further opportunities.
By comparison, the most recent series of Canada Savings Bonds, dated
April 1, 2009 earns only 0.75% interest and you only
earn interest for each full month that the Bonds are held.
Tradex also distributes daily interest savings accounts offered by a number of other institutions, including Dundee Bank of Canada (part of the Bank of Nova Scotia Group) and Altamira (part of the National Bank of Canada Group). These
institutions also offer through Tradex U.S. dollar savings account options.
To learn more about investing in high-yield savings accounts through Tradex call us at 1-800-567-3863.
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