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Effective liquidity management is essential to growing the bottom line of your business and enhancing shareholder value. Scotiabank's US-domiciled Wholesale Investment Account offers premium yields on short-term investments while balancing security, liquidity and convenience.
This account is designed for American, Canadian or International companies seeking to invest balances of $20 million USD or more, held for at least 30 days, while gaining a competitive return on surplus cash.
Features
- Rate base options are FFE rate, 30-60-90 LIBOR of either the daily Fed Funds Target rate or the daily USD 90 Day T-Bill (auction mid-point).
- Account incurs no fund management fees or administration expenses.
- On-demand access to funds, with a maximum of 6 withdrawals per month or statement period.
Benefits
- Funds are available on demand, providing easier liquidity management.
- Market driven rates offer competitive returns.
- Interest payments are calculated daily and credited monthly.
- Easy administration with our ScotiaConnect® electronic banking service.
Detailed Product Sheet [PDF : 301kb]
For more information about our US Wholesale Investment Account, please contact us.
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