Where is my money being held?

As a user of the 1.2% earn interest feature, we’ll open an account for you with Canadian ShareOwner Investments Inc. (ShareOwner). ShareOwner is a member of the Investment Industry Regulatory Organization of Canada (IIROC).

Is my money protected?

All cash balances from your 1.2% interest account are held in trust at a Canada Deposit Insurance Corporation (CDIC) (https://www.cdic.ca/about-us/) member institution. Coverage is free and automatic.

How do you make money on this product?

We earn a small referral fee for making a referral to our Service Provider, ShareOwner. This fee does not come out of the interest* that you earn on your balance.

*Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice.

Did this answer your question?