The recently launched Cash Multiplier Account from Citizens Bank of Canada and Inhance Investment Management has increased its annual interest rate earned on the product to 4%.
The rate for the F-series rises to 4.25%.
The high interest savings account allows investors to deposit their cash with security and convenience while providing them with a competitive annual interest rate and the ability to hold the deposits in their investment portfolios.
The account is available for purchase through eligible investment advisors across the country, with a minimum initial deposit of $5,000.