Altamira Investment Services today marked the one-year anniversary of its High-Interest CashPerformer account by increasing the rate to 2.75%, and launching a U.S. dollar version.
The change will be effective for all existing and new accounts from the first dollar invested.
Altamira says CashPerformer assets now total over $2.5 billion.
The account is RRSP, RRIF & RESP eligible, and is also eligible for CDIC deposit insurance. It pays an annual trailer fee of 0.25% to advisors.
There are no account fees or service charges with the account, and no minimum balance required.
Following the success of original CashPerformer, Altamira has launched the $U.S. High-Interest CashPerformer, a U.S. dollar savings vehicle, offering a rate of 3.25%.
“High-Interest CashPerformer is an excellent alternative to traditional savings accounts, money market funds and other short-term instruments. And now, investors can invest their U.S. savings in $U.S. High-Interest CashPerformer at a highly competitive rate,” said Ian Dillon, chief investment strategist at Altamira Investment Services, in a release.
The U.S. dollar account offers a short-term parking place for investors with U.S. savings. It’s also an alternative to U.S. savings accounts where funds can be held for future expenses or travel.
Like its Canadian dollar counterpart, there are no account fees or service charges, and no minimum balance is required.
The account is RRSP and RRIF eligible, and pays an annual trailer fee of 0.25% to advisors.