ATB’s new GIC now available to investors

heysheep

ATB’s new GIC now available to investors
1 K$ W0 q5 K( n( D1 ~* Y' h2 _
, K3 g! K2 F/ W: A
; _! w4 R, R7 v! ~edmontonjournal.comSeptember 1, 2009Comments (1)
# ]" z4 w) L9 f. _/ n& F


EDMONTON — Tuesday marked the first day investors could purchase a new GIC that ATB Financial says will help fellow Albertans and businesses hurting due to tight credit markets.

The ATB Growth Note will be a five-year guaranteed investment certificate with a 4.25-per-cent interest rate, announced the provincial Crown corporation and Edmonton-based financial institution on Tuesday.

6 I7 l6 r8 B; A0 V4 @The initiative was first revealed in July as part of a commitment by ATB to increase its lending capacity to small business to offset the effects of tight credit markets by as much as $15 billion. Changes to ATB’s notional capital requirements will increase its lending capacity by about $8 billion and the investment deposit product would raise another $7 billion, ATB said at the time.
: ~" l' i: i, o" h/ m
) x8 P) t2 M9 P, z, a0 L9 i( XFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.

# k8 R8 B. \  R“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.

8 G$ r& I' N! L, T) Z+ F2 X% _; y# X" k“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
4 u$ V/ j9 @7 L8 j
The GICs will be available for a limited time only.

精打细算

3 T* q" ~/ e' F! M/ Y. m% z& A9 e  L
4 O( N- E/ i$ i: m7 _( n个人没钱。 公司可以投资么？
' o$ U, E& k( |& M$ j0 I, ~5 K1 l
比我的LOC 还要高。 问题是如果个人贷款， 不能抵税， 利息收益要交税。
如果可以在TFSA就划算多。

kingsnake

4.25%現在算是個不錯的回報。
但如果未到五年取出來，利息是怎樣算的？

deeko

4.25%别的地方找不到了吧?

deeko

4.25%現在算是個不錯的回報。
" i( I% }; R( _6 a! f" a- Z* A" k8 s但如果未到五年取出來，利息是怎樣算的？
( U, L2 u* d4 B. bkingsnake 发表于 2009-9-2 11:13

9 k" c# ]. @: A  i' L# W5 F利息好象按活期算.

mingzhao1984

恩，不错，atb开始要抢占市场啦也。