|
These are the full range of flexible investment options and services offered by the Scotiabank Group of Companies:
Scotia Daily Interest Savings
- Interest is calculated on a daily closing balance and credited to your account twice a year.
- Rates are periodically adjusted to reflect changing market conditions.
- Tiered interest rates as balance reaches specified levels.
Scotia GICs
- Available from The Bank of Nova Scotia, Scotia Mortgage Corporation and National Trust Company.
- Terms of 3 - 60 months available.
- Interest is compounded annually on the anniversary date and paid at maturity.
- 60-day rate guarantee on transfers from other financial institutions.
- Automatic and free renewal service.
- Guaranteed rates for up to 35 days in advance on maturing GICs.
- Regularly scheduled payments made directly from GIC holdings; no interest penalty
- GICs in a Scotia RRSP can be automatically transferred to a Scotia RRIF at any time.
Scotia Mutual Funds
Scotia Mutual Funds are pools of money from thousands of investors established for the purpose of investing in a broad portfolio of investments.
- Potential for higher income and/or capital gains.
- Diversification of securities and/or currency to improve and protect your investment returns.
- In most cases, you can buy, sell or transfer between Funds on any business day all at no cost.
- There are no sales or redemptions fees so all of your money is invested and benefits from the tax-free compounding of income.
- Professional and experienced investment managers look after your investments.
- Your portfolio of Scotia Mutual Funds can be tailored to match your short, medium and long-term RRIF needs and you can diversify across the major asset categories.
Self-Directed RRIF
A Self-Directed RRIF allows you to invest in the widest range of qualified investments including equities, mutual funds, GICs T-Bills, bonds, CSBs, non-arm's length mortgages and foreign securities, all under one plan. Because of the ability to diversify, there is the potential to earn a higher return on your investments. It is recommended that you have a minimum of $15,000 for a Self-Directed plan.
Investing in a Self-Directed RRIF requires a commitment of time and a higher level of knowledge to direct your investments. For example, being aware of market and economic conditions that can affect the value of your investments is important, as will as monitoring your investments on a regular basis.
Your Scotiabank Personal Investment Manager would be pleased to answer your questions about Self-Directed RRIFs or to provide you information about our self-managed brokerage service or an introduction to an Investment Advisor at ScotiaMcLeod.
Managed RRIF
Canadians are increasingly turning to investment professionals to assist with the important task of managing assets. Investments in your RRIF require constant attention and nurturing. This is where Scotiatrust can help.
Scotiatrust has the expertise to both design and implement an investment program that meets your ongoing income needs. Of equal importance, our approach to investment management enables you to capitalize on future investment opportunities, while retaining the flexibility to access your capital at any time.
As part of the service, you will receive regular portfolio review, ensuring that your portfolio continues to meet your needs. Scotiatrust's portfolio management skills and services provide you with the comfort of knowing that your retirement assets are being monitored by professionals on an ongoing basis, allowing you the time to enjoy your retirement years.
For Retirement Income Planning Assistance
To find out more about Scotiabank's investment assistance, please call 1-800-953-7441, or contact your local branch to make an appointment.
|
