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Net Income Stabilization Account (NISA)
How can this help my business?
- Protects your farm with an investment account to draw upon when farm income drops
- Benefits from government matching contributions and 3% interest rate premium
- Works as part of your overall investment strategy
What do I need to know about it?
- Choose from two secure options or a combination of both:
- Prime-Linked GIC - a redeemable investment certificate with a return linked to the Prime rate, or
- NISA fixed term GICs - high-yield Guaranteed Investment Certificates (GICs) with one to five year terms
- No fees or service charges are applicable
- NISA Administration determines eligibility and access to funds
Is this product right for my business?
- You can create a laddered NISA account with 5-year GICs maturing every year, to take advantage of the higher rates associated with long-term deposits, while maintaining flexibility.
- The Prime-Linked GIC provides maximum flexibility. The tiered balance segments on which interest is paid are $0 to $49,999.99, and $50,000 and over.
How can I get more information?
- Product Brochures are available from all RBC Royal Bank Agriculture Account Managers.
- Call 1-800 ROYAL® 7-0 (1 800 769-2570).
- Visit Agriculture and Agri-Food Canada's NISA site at www.agr.gc.ca/nisa/
What else do I need to know?
- Loans are available for the purpose of making NISA deposits.
- RBC Royal Bank has knowledgeable people who care about your business and have a commitment to agriculture.
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