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.