Home Trust Launches High Interest Savings Account

Sep 11, 2012, 11:57 ET from Home Capital Group Inc.

TORONTO, Sept. 11, 2012 /CNW/ - Home Trust Company, a wholly owned subsidiary of Home Capital Group Inc. (TSX: HCG) announces the addition of a High Interest Savings Account (HISA) to its competitive suite of deposit products.

"The Home Trust High Interest Savings Account provides a high yield, liquid alternative to money market funds and is eligible for Canada Deposit Insurance Corporation (CDIC) coverage up to applicable limits," said Gerald M. Soloway, CEO of Home Capital and Home Trust. "It is a secure and flexible savings vehicle for investors to diversify their portfolios with a cash component that earns a competitive interest rate."

The Home Trust HISA is offered only through financial advisors, and investment and mutual fund dealers. It is available for both registered and non-registered plans and is offered for fee-based and non fee-based accounts.

Home Trust Company is the principal subsidiary of Home Capital Group Inc., a public company, traded on the Toronto Stock Exchange (HCG). Home Trust is a federally regulated trust company offering deposit, residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending, Visa and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

SOURCE Home Capital Group Inc.