Where To Find The Best Interest Rates In Canada
Buying GICs and RRSPs Just Got Really Easy
You've worked hard for your money, and now you have a nest-egg you can put away to earn interest. But how do you figure out where to put your money so it can earn the best interest? After all, interest rates can vary among trust companies, banks, and insurance companies by one percent or more.
Canadians wanting to invest in Guaranteed Income Certificates (GICs) face the daunting decision of where to put their money. There may be only two banks in your town, and both offer lower interest rates than the trust company in the city two hours' drive away. Or, even if you live in a larger community, you may not have the time to call every financial institution to find out what their rates are. And people with access to the Internet may not want to go to a lot of websites to comparison shop, either.
A new website offers the solution to this problem. Called www.trustco.ca/best-interest-rates.html this site shows investment shoppers the best rates across Canada. The information is free and it's updated daily. And once you've found the best interest rates in your province, you can easily make your purchase from the companies, that are covered by the CDIC.
Because www.trustco.ca is aimed at the consumer, it is very easy to use. The Hughes Trustco Group, a licensed Montreal investment and insurance firm in business since 1972, shops the market everyday for the best interest rates and posts them on the website.
Once you get to the website, you go to the "Interest Rate Sheet," which-in chart format-shows you all the best GIC interest rates in Canada, for terms from one to five years. There is an "availability" column as well, which shows in which provinces and at which financial institutions these rates are available. To purchase, simply complete the brief application form and mail a copy with your cheque directly to the institution.
There is no advertising on the website, which means you don't have to sit waiting for graphics to load before you can see the interest rate information.
You also have the option of receiving email notification from Hughes about the latest interest rates.
Visit the website at www.hughestrustco.com.
