|
|
Article: Credit unions lure investors
- Article from:
- Winnipeg Free Press
- Article date:
- November 5, 2008
- Author:
CopyrightCopyright F.P. Canadian Newspapers Limited Partnership Nov 5, 2008. Provided by ProQuest LLC. (Hide copyright information)
|
face=+Bold; Higher interest rates, safe place to keep their cashface=-Bold;
Manitoba credit unions have become a magnet for Canadian investors looking for high interest rates and a safe haven for their hard-earned cash.
In September and October, deposits at Achieva Financial, the virtual arm of Cambrian Credit Union, were double what they were in July and August, says Kim Wentz, Cambrian's vice-president of marketing and communications.
Much of the increase came from depositors from outside the province, Wentz said in an interview Tuesday.
"Right now, if you compare rates... right across the country, you'll see that Achieva's are some of the best in the country, if not the best. That is ...