Cash Advantage Solution
Grow your savings for your upcoming projects
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At a glance
With the Cash Advantage Solution, your funds work for you and remain accessible at all times. This solution allows you to monitor the market to better invest when an opportunity arises.
Perfect if you are looking to:
- Take advantage of tax benefits related to the type of account chosen
- Grow your money and access it quickly
- Save money while deciding how to invest
Advantages
Available funds
Partial or total purchase at any time
Minimum investment
$1
Preferred interest rate
Calculated on daily balance,
paid each month
Invest in a Cash Advantage Solution
The Cash Advantage Solution is available for registered plans such as TFSAs and will soon be extended to RRSPs.
| Solution |
Plan | Minimum Investment | Rate | Interest type |
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|---|---|---|---|---|---|
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Tip!
If you’re looking to save in a non-registered account or for a short-term project, we recommend a High Interest Savings Account.
Little details that matter
See all details
The maximum investment depends on your holdings and the type of account in which you place your Cash Advantage Solution.
Your investment is redeemable in part or in full and may have different tax implications depending on the type of account. Speak to your advisor.
For contributions, it’s possible to:
- Postdate a single transaction,
- Schedule systematic savings with a start and end date (optional) every week, every 2 weeks, or every month.
National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
Legal disclaimers
Interest is calculated at the end of each day on the total daily balance. Interest is compounded and paid monthly on the last business day of the month. The annual interest rate is variable which means it may go up or down and may be subject to change without notice. See current rates. The minimum investment required is $1 CAD. The Cash Advantage Solution must be invested in a National Bank RRIF or TFSA. National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
Explore other savings and investment solutions
Ready to start saving?
Make an appointment with an advisor to open an account or contribute online.
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