ATB’s new GIC now available to investors

heysheep

ATB’s new GIC now available to investors

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edmontonjournal.comSeptember 1, 2009Comments (1)



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.

) A1 c) r0 |' e, ?, R* a; CThe 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.

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.

Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.

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

2 g9 Y  x0 J( N4 C1 d* _7 ~“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
2 S# t; y4 H5 z$ y5 A6 u( n) I
4 d* e+ i8 Q; V& e% L+ X" F4 iThe GICs will be available for a limited time only.

精打细算

& `$ G& G! H' r7 y2 a
1 r: j7 \% V, w! _8 p( x7 Q. w: G个人没钱。 公司可以投资么？
3 I. g) P% G! U" `7 c/ `" T
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。
# U" U$ A4 U' q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。
但如果未到五年取出來，利息是怎樣算的？
- N6 Q9 Z' b( H5 @% b0 bkingsnake 发表于 2009-9-2 11:13

8 m' a+ H3 l0 y3 h! @4 D
利息好象按活期算.

mingzhao1984

恩，不错，atb开始要抢占市场啦也。