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RDBA Broker Advantage Index
The RDBA Broker Advantage Index is now live and available to members when signed into the RDBA Members’ Website.
This is an online, financial chart that compares current and historical GIC rates of the top 5 RDBA member FIs with major Canadian Banks. This interactive chart illustrates how Deposit Brokers typically get 1% more interest for their clients. You can choose from 1-year, 3-year, or 5-year GIC terms to see current and historical movement of these average rates and the Broker Advantage spreads.
We will also be adding the numerical values of the Broker Advantage Index to the RDBA public website this month. The public-facing version will not include the colourful historical graph, as the full version will be a members-only tool.
If you have not yet seen the Broker Advantage Index, please take a moment to click on the link below and sign in with your RDBA credentials.