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CS Alterna Bank (French: Banque CS Alterna), operating as Alterna Bank (French: Banque Alterna), is a Canadian direct bank and a wholly owned subsidiary of the Ontario-based credit union Alterna Savings. The bank offers chequing and high-interest savings accounts and mortgages.
Here’s what the letters represent: A is the amount of money in your account. P is your principal balance you invested. R is the annual interest rate expressed as a decimal. N is the number of ...
A minimum RRIF withdrawal is an annual obligatory amount which is cashed out of a RRIF and sent to the account-holder without withholding tax. The withdrawal remains taxable Canadian income, but is eligible for a tax credit to reduce federal income tax by 15% of the first $2,000 withdrawn, if the holder is 65 years or older.
The Canada Deposit Insurance Corporation was created 4 March 1967 [1] (under Schedule III, Part 1 of the Financial Administration Act and Canada Deposit Insurance Corporation Act). It is similar to the Federal Deposit Insurance Corporation in the United States. Since 1967, 43 financial institutions have failed in Canada and all 43 were members ...
High-yield savings account: Instead of accepting low – or no – interest from a standard savings account, a high-yield savings account does exactly what the name implies: Pays you a higher yield.
A registered retirement savings plan (RRSP) (French: régime enregistré d'épargne-retraite, REER), or retirement savings plan (RSP), is a Canadian financial account intended to provide retirement income, but accessible at any time. RRSPs reduce taxes compared to normally taxed accounts.
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AIB were one of the key sponsors of the 2006 Ryder Cup, which was held at The K Club in Straffan, County Kildare. In May of that year, the bank launched a €5 million advertising campaign for the tournament [citation needed]. AIB also sponsor an MSc course in Data Science at Technological University Dublin for a select few of their employees. [88]