Altamira Investment Services Inc. has launched Altamira High-Interest CashPerformer, a daily-interest savings account with
a current interest rate of 2.4%. The funds in the account are fully liquid, allowing clients to withdraw as they wish, the company says. “For advisors who are putting together an asset-
allocation model that includes a cash component, it is a great way to enhance the interest rate vs a T-bill or money market fund,” says Michael Leonardelli, vice president of sales, advisor distribution, in Toronto. Leonardelli says the account may also appeal to investors who are looking to earn interest in the
short term without locking in their funds. The account has
no fees nor service charges, and no minimum balance. CashPerformer is available to advisors on FundServe. Trailing
commission is 0.25%.