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For Your Information Rob Carrick article highlights benefits of working with Deposit Brokers

Rob Carrick article highlights benefits of working with Deposit Brokers

January 4, 2018

Rob Carrick

Posted with permission from The Globe and Mail

There is no end to the indignity of being a conservative investor these days.

To start, rates on guaranteed investment certificates are ultralow by historical standards. Adding to the pain is the fact that GIC issuers have barely responded, if at all, to the rate increases initiated by the Bank of Canada in the second half of last year. One way to fight back as an investor is to use a deposit broker.

A deposit broker is like a mortgage broker – you benefit as a client by getting access to a variety of interest rates offered by multiple firms rather than dealing with a company selling just its own products. How much of a rate advantage is there with a deposit broker? According to the new Broker Advantage Index, a deposit broker can typically get you an additional percentage point of interest or more compared to the posted rates at big banks.

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https://www.rdba.ca/rob-carrick-article-highlights-benefits-of-deposit-brokers/?utm_source=RDBA+Email+List+May+2017&utm_campaign=1be16c698a-ROB_CARRICK_05_01_2018&utm_medium=email&utm_term=0_2fb13e0136-1be16c698a-226120717