Money Market Investment Programs
InterestEscalator offers an investment alternative to the banks for companies investing excess cash:
The Laurentian Bank Money Market Account requires a minimum deposit of $100,000. Canadian deposits earn prime less 2%; U.S. deposits, US base rate less 4%. The account has no services fees. Laurentian is a Canadian Schedule A Bank.
The UBS Money Market Investment Fund requires a minimum investment of $1 million. The fund has historically outperforming Scotia Capital’s T-Bill indices. UBS is the fifth largest private client bank in the United States . It is an amalgamation of Swiss Bank Corporation and Union Bank of Switzerland.