A deposit broker is an independent financial professional who specializes in guaranteed investment products such as GICs, term deposits, RRSPs, RRIFs and LIFs. It isn't easy to find this degree of specialization in a world that is inclined to focus on investments that carry higher risk and require sophisticated investor market knowledge.

Deposit brokers monitor interest rates and available products on a daily basis to help you get the best possible returns from a wide range of deposit instruments. Because product availability, demand, and volumes vary daily with each financial institution, new opportunities for better rates are constantly being created. Typically, a deposit broker can find you rates that are up to 1% better than the retail bank-posted rates. That can earn you hundreds of dollars more - without the slightest increase in risk.