Toronto-based Home Trust Company is adding a high interest savings account (HISA) to its suite of deposit products.
The Home Trust HISA is offered only through financial advisors, and investment and mutual fund dealers. It is available for both registered and non-registered plans and is offered for fee-based and non fee-based accounts.
The minimum investment is $1,000, and the maximum investment per account is $2 million.
Interest rates are calculated daily and paid monthly. The current rate is 1.35%.
“The Home Trust High Interest Savings Account provides a high yield, liquid alternative to money market funds and is eligible for Canada Deposit Insurance Corporation (CDIC) coverage up to applicable limits,” says CEO Gerry Soloway.
More information is available on the Home Trust website.
Home Trust Company is the principal subsidiary of Home Capital Group Inc. (TSX: HCG).