Return to the Household Finances Forum | Post a Follow-Up

 o
Principal Protected Deposit Notes

Posted by ivamae (My Page) on
Wed, May 31, 06 at 18:53

Can anyone explain to me what these are and how they work? Can money be taken from them without penalty at anytime? Are they guaranteed only at maturity? If the person dies can they be redeemed without penalty? Would they have better return that ordinary GIC's? I'm from Canada so don't know if this makes any difference.

Thanks for any info you can share
Image hosting by Photobucket


Follow-Up Postings:

 o
RE: Principal Protected Deposit Notes

Sorry, can't help. I've never heard of them. Anyone else know?


 o
RE: Principal Protected Deposit Notes

When you hear about "investments" that nobody ever heard of it would be wise to avoid them. Are they something you can walk into your bank and ask about?


 o
RE: Principal Protected Deposit Notes

I checked into them with both a lawyer and 2 financial advisors. The lawyer had heard of them but knew nothing about them. One financial advisor knew nothing about them either. The second one was very familiar with them and said that they were not something that he would advise. He felt that they were set up in such a way that they made money for the companies but very little for the client. I took his advice and am staying away from them. However I am glad for the info.

Image hosting by Photobucket


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Household Finances Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here