Savings
CEF Savings Accounts are a great short-term investment. The minimum balance requirement is only $10. Deposits and withdrawals can be made at any time without penalty. These are particularly good savings accounts for children and grandchildren. Filled books of K.I.D.S. stamps or cheques can be mailed in to add to these accounts. Electronic Funds Transfers (EFT’s) can be set up and regular monthly deposits can be added to these accounts. Interest is calculated daily and compounded semi-annually. Investment statements and a T5 Statement of Investment Income (if over $50.00) are sent to the investor annually.