Guaranteed Interest Accounts (GIAs)
Competitive Guaranteed Investments
SSQ Financial Group's GIAs offer your clients full capital preservation and fixed interest rates that are competitive.
Different terms and options are available:
- Simple interest rate
- Compound interest rate
To Obtain a Retirement Income
As part of retirement income plans (RRIFs and Locked-in RRIFs), you can offer your clients two redeemable GIA options:
- Option 1 permits redemption of GIAs, at no charge, totalling up to 20% of the market value.
- Option 2 permits periodic and scheduled redemption of GIAs. These transactions are free of charge.
Other Guaranteed Investments
For the specific investment needs of your clients, SSQ also offers the following GIAs.
|GIA offered by SSQ||Desription|
|SSQ Equity GIA||
|High Yield Account||
|SSQ Equity GIA||$5,000||
|High Yield Account||$400||
SSQ Equity GIA
Example of Returns: 60% in a GIA and 40% in SSQ guaranteed investment funds (giF)
If your client invests $10,000 in an SSQ Equity GIA, with the option of 60% in a GIA and 40% in SSQ GIFs, the amounts will be allocated as follows:
- $6,000 in a GIA at an interest rate of 3%
- $4,000 in SSQ GIFs
On the assumption that the segregated funds yield a compound net annual return of 12%, the SSQ Equity GIA could be worth $20,487 ten years later.
Example of Returns: 40% in a GIA and 60% in ssq guaranteed investment funds (gif)
If your client invests $10,000 in an SSQ Equity GIA, with the option of 40% in a GIA and 60% in SSQ GIFs, the amounts will be allocated as follows:
- $4,000 in a GIA at an interest rate of 3%
- $6,000 in SSQ GIFs
On the assumption that the segregated funds yield a compound net annual return of 12%, the SSQ Equity GIA could be worth $24,011 ten years later.
Your client invests $50,000 in a Laddered GIA for 5 years. From this amount, $10,000 will be invested for 1 year, $10,000 for 2 years, and so on until a term of 5 years. The interest rate of 2% would be the same for all portions.
Each portion will be reinvested at maturity for a 5-year term at the same rate as regular GIAs in effect on that date. GIA laddering will continue on and protect the portfolio from rate fluctuations.
High Yield account
GIA Interest Rate Guarantee
SSQ guarantees the best interest rates to your clients for the time between the rate guarantee request and investment in the GIA.
For more information, please refer to the Request for Interest Rate Guarantee form available on the secure website.
For Registered Plans
The 45-day interest rate guarantee is granted automatically upon receipt of the request for direct transfer of funds between financial institutions.
For Non-Registered Savings Plans (NRSP)
A 45-day interest guarantee is given upon proof of your client's investment.