High Interest Savings Account

HISA - An Ideal Vehicle for Short-term Municipal Reserves

Since 2015, the One Investment Program has offered a High Interest Savings Account.  The HISA is liquid, and every deposit is held in your own investment account.  We simply aggregate all investor deposits to obtain the best interest rate for every dollar invested.

The larger the total HISA program balance, the higher the interest rate!

Rate of Return
The HISA interest rate is tied to the aggregate total average monthly balance invested for all participants in the product.
 
It Total HISA Balance is: Interest Rate for All Deposits Effective Rate *
Less than $100M Prime less 1.7% 1.0%
>$100M but <$150M Prime less 1.65% 1.05%
>$150M but <$250M Prime less 1.6% 1.1%
Greater than $250M Prime less 1.55% 1.15%
*Based on January 2017 bank prime rate of 2.7%
 

Learn more about the HISA opportunity and how it is able to help you grow your short-term investment reserves

 

Contact

LAS

T 416.971.9856
TF 1.877.426.6527
F 416.971.6191


 
Calvin Barrett
Manager of Accounting and Corporate Services, MFOA/CHUMS

T 416.362.9001 ext. 229