An MRS High Yield Plus Account is more than just a deposit account for your non-registered cash savings. It offers the "Plus" of telephone withdrawal services and chequing privileges through MRS.
With an MRS High Yield Plus Account you will get the benefits of competitive returns and a safe parking place for your money, without having to commit to a specific fund family.
Interest Rate
Your MRS High Yield Plus Account is designed to provide more interest than traditional bank accounts, many short-term GICs and money-market funds.
Interest earned on this product is based upon posted rates which will change from time to time without notice. Interest is credited to you at the beginning of the month for the previous month's balances. The interest calculation is based upon the daily closing balance in your account.
Minimums
No minimum deposits or terms. You can make deposits or withdrawals at any time.
Fees
Effective May 1, 2008
Chequing Privileges: |
6 Cheque Withdrawals/ Month |
No Service Charge |
Each Additional Cheque |
$1.50 |
Stop Payment Request |
$7.50 |
NSF |
$45.00 |
To order a supply of cheques, a separate order form is available through your advisor.
Withdrawals: |
Overnight Electronic Funds Transfer |
No Fee |
MRS Corporate Cheque |
$10.00 |
Same Day Wire Order |
$15.00 |
Other: |
Account Research - per hour |
$25.00 |
Telephone Access
An MRS High Yield Plus Account features a telephone withdrawal service for personal accounts. Telephone withdrawal requests received before 10:00 a.m. E.T. will typically be deposited in your regular bank account the next business day.
Your Personal Identification Number (PIN)
You will need a Personal Identification Number (PIN) to authorize telephone withdrawals. The first time you call MRS at (416) 964-0028 or 1-800-387-2087, an MRS Client Service Representative will help you set up your unique PIN.
Chequing Privileges
MRS offers chequing privileges for MRS High Yield Plus Account holders.
CDIC Deposit Insurance
M.R.S. Trust Company (MRS) is a member institution of the Canada Deposit Insurance Corporation (CDIC). |
