Investment Planning Counsel of Canada, a wholly owned subsidiary of IPC Financial Network Inc., has partnered with Sun Life Financial Trust Inc., a wholly owned subsidiary of Sun Life Financial Services of Canada Inc., to create the IPC Business Account for Canadian small businesses.

“The IPC Business Account has been designed to provide small business clients a supplementary savings vehicle to the regular current account at banks, for a lower cost and greater return,” says IPC’s chief executive officer, Stephen Meehan.

IPC clients will receive daily interest, based on the daily closing balance and will be able to write cheques, access cash from ABMs and pay bills over the phone or the Internet. Sam Febbraro, IPC’s Director of Financial Services explains, “the interest rate and fee schedule are very competitive, with some transactions free every month regardless of the minimum balance”.