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February 13, 2023

Did you know that there’s an easy way to increase your clients’ savings? The solution: HISA!

In times of inflation and market fluctuations, clients may be tempted to keep large amounts of their liquidity in their chequing account. 

Although this may seem like a good idea, your clients are losing out since an interest rate of close to 0% is not enough to keep up with, or beat, inflation. 

Enter, the High Interest Savings Account (HISA)

Whether it’s to put their dormant cash to work, or to invest in an RRSP before the deadline, it’s never been a better time to introduce your clients to HISA! 

Simple, accessible and risk-free.

  • One of the best rates in Canada: 4.30% (rate in effect as of 17/02/2023, changes weekly)
  • Accessible at any time, without fees
  • No minimum deposit
  • Transfer to segregated funds or guaranteed interest funds (GIF) at any time, within the same contract

All this, along with great benefits they won’t find at the bank:

  • Beneficiary designation
  • Possible creditor protection

The balance will even be considered when determining eligibility for Prestige preferential pricing! 

Autonomy of deposit

Clients can deposit directly to the HISA themselves in their existing TFSA or RRSP – no additional contract or paperwork is needed! 
Simply invite your clients to go to My Client Space or the iA Mobile app, click on “Contribute” and follow the prompts. 

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Topics : Savings, Investments

Written by iA

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