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 The
Money Management Newsletter: GICs
and Fixed Income
A recent 2006 study reveals GIC deposits earned
17.2% more with no-fee Deposit Broker Fiscal Agents, than at any major
retail bank
By David Newman, RDB
The Money Management Newsletter - November 2006
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.
We compared the actual interest rate data published in the Financial
Post newspaper, over a 15-year period*. A $60,000.00 5 year compounding
GIC purchased and reinvested through Fiscal Agents would grow to $168,712.00
over that 15-year time frame, earning the client over $16,000.00 more
interest, when compared to the major banks.
This simple illustration is not out of the ordinary – the difference
in interest rates is evident each day. Think of it this way: The depositor
in the example above gave up an average of over $1,000.00 per year –
who likes the big banks that much? We want you to have that advantage.
That’s our job.
Earning more without the hassle of having to barter with the bank manager
is one of the key elements of our service. It saves you time, removes
the need to call the local banks, no negotiating with the branch staff,
no miss-quoted rate nor embarrassing qualifying questions or requests.
You'll always get our best rate - no haggling. GIC renewals and roll-overs
are quick and easy - just a phone call away. When transferring RRSPs,
we can provide rate guarantees when available.
Conversions into retirement income producing products (such as RRIFs
or annuities) need special care, as timing, along with estate or beneficiary
considerations need to be matched against your anticipated income requirements,
(bearing in mind pension income and tax efficiencies play a major role
in such decisions).
Fiscal Agents has been offering straightforward conservative savings
and investment advice, as well as retirement income planning services
for nearly 30 years. We have also successfully petitioned the Government
of Canada on your behalf, to raise CDIC deposit protection to its current
$100,000 level and believe registered retirement accounts should have
100% CDIC protection.
For more information on GIC investing and
obtaining the best rates fro your GIC fixed term portfolio, a retirement
planning review or registering for the 100% CDIC retirement protection
petition visit www.fiscalagents.com/fullcoverage,
or call Fiscal Agents deposit placement desk at 905-844-7700 (or toll
free 1-800-663-5463).
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©
, Fiscal Agents Money Management Newsletter
25 Lakeshore Road, Oakville, On L6K 1C6.
(905) 844-7700
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