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	What is a deposit broker?
	How can William J. Rhind & Associates offer their services and advice free of charge?
	Why can William J. Rhind & Associates offer higher interest rates than other financial institutions?
	What is a net depositor?
	How do I make deposits?
	How do I know my money is safe?
	What is the prime rate history and what does it mean?

What is a deposit broker?

A deposit broker is an independent retailer of financial products and services. William J. Rhind & Associates specializes in business bank accounts, including chequing and savings accounts.

How can William J. Rhind & Associates offer their services and advice free of charge?

William J. Rhind & Associates, is able to get the best rates and widest selection of banking products because their clients represent a significant volume of deposits. The bank uses uses as a channel to market their banking products and pay us a commission for bringing these accounts to them.

Why can William J. Rhind & Associates offer higher interest rates than other financial institutions?

Because William J. Rhind & Associates has over $300 million on deposit with the bank, we are able to negotiate better rates for our clients.

What is a net depositor?

A net depositor is a banking client who deposits more than he/she spends leaving a net positive balance in the account at all times. A net depositor is the ideal client for a bank because banks rely on deposits in order to lend money and charge interest to their other clients.



How do I make deposits?

Banking through William J. Rhind & Associates is the same as banking directly with the bank with a few important differences: 1) we're available for independent banking advice, 2) we'll handle problems with the bank for you and 3) you get a much better rate than if you went to the bank on your own. When you transfer your account, we'll even accompany you to the bank and introduce you to your representative. Unlike traditional banking, your deposits are picked up by a licensed bonded courier and taken directly to the bank for you.

How do I know my money is safe?

William J. Rhind & Associates only deals with a CDIC (Canadian Deposit Insurance Corporation) accredited institution. The CDIC insures your deposits, but it is important to understand the limitations on deposit insurance.

What is the prime rate history and what does it mean?

The prime rate history reflects the strength and growth of the economy over a given period of time and is the base of measurement for the entire financial playing field - all interest rates are compared to the prime rate (prime plus or minus a percentage).