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GDA Commission Enhancements
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GDA Commission Enhancements

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GDA Commission Enhancements

 

Effective August 1, 2014 we will be simplifying advisor commission rates on deposits made to a Guaranteed Deposit Account (GDA).  These changes include commission increases on a number of bands, giving you the best commission rate on all GDA deposits and terms.

Our new commission rates are simpler, easier to calculate, and better than ever:

 


New Commission Rates


All investment terms:
    40 basis points per year of investment, up to a maximum of 4%
 


Old Commission Rates


1 - 5 year investment:
    40 basis points per year of investment on the first $50,000 of the deposit
    25 basis points per year of investment on the balance of the deposit

> 5 year investment:
    25 basis points per year of investment, up to a maximum of 2.5%


For more details please refer to Schedule A commission schedule located on EquiNet.

 

 

Our GDAs are flexible, available in simple and compound interest options, and offer some of the best GDA rates in the industry!