GDA Commission Enhancements (français)
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:
Our new rates:
|New Commission Rates|
|12 - 119 months||Term in months x 0.4% x Deposit Amount
|120 + months||4% x Deposit Amount|
Compared to our old rates:
|Old Commission Rates|
|12 - 60 months||Step 1: Calculate on the first $50,000 in premium:
Term in months x 0.4% x Deposit Amount
Step 2: Calculate on the excess of the first $50,000 in premium:
Term in months x 0.25% x Balance of the Deposit Amount
|60 - 119 months||Term in months x 0.25% x Deposit Amount
|120 + months||2.5% x Deposit Amount|
Our GDAs are flexible, available in simple and compound interest options, and offer some of the best GDA rates in the industry!