ISUSINESS Guaranteed investments ‘safe’ From page 17 ket value adjustment, which could be far less of a penalty than you’d pay to cash in a non-insurance GIC, if indeed you could cash it at all.” Kurt Rudzewski, vice-president of National Trust's downtown Vancouver Park Place branch, said timing is important. ‘When we have as much uncer- tainty in the economy as we do to- day, I always recommend people have a good portion of their money in cash type investments. This enables them to take advan- tage of buying and investing op- portunities when they arise. *‘People who are at or near the end of their earning powers, and who couldn’t withstand a downturn in the stock or real estate markets, should also put most if not all their money into guaranteed investments. “That particularly applies to people in the lower tax brackets. At the moment, we are experienc- ing one of the greatest spreads be- tween the inflation rate and the return paid on savings.’’ Lydia Johnson, Vancouver City Savings Credit Union branch manager, said she always asks members: ‘‘How soon will you need your money back? Will you need, or can you commit, your savings for a specific or indefinite period?”’ She then recommends the ac- count or deposit which offers the best rate. ‘You get a iower return if flexibility is important or a higher rate if the money can be locked in,’’ she said. Added Sylvia Davis, Royal Bank manager: ‘‘Locked-in funds are good for people who might be tempted to spend money if it were more easily accessible.” Next week: choosing the best ‘‘cash investment.” Do you have a financial or con- sumer question for Mike? Or a story you think should be in his column? Please write to Mike Grenby, North Shore News, 1139 Lonsdale, North Vancouver V7M 2H4,. Mike cannot reply in- dividually but will answer as many of your letters as possible through The North Shore News. Remember to include your phone number in case Mike needs to contact you. Are You At Risk? MYTH: Mast drown- sings occur when people are swimming. FAC « Over 60% of » all drownings occur when the victim falls in- to the water unexpectedly: from a wharf, shoreline or boat, Autopsies have shown that over one-third of these vic- tims (mostly males) were im- paired by alcohol. The Canadian Red Cross Socety ig Plus 8% Int paid on your semi-annual balance } Now that's goad news! Once again, National Trust is meeting your needs with No-Charge Chequing. You'll get full banking services and: ¢ No minimum balance required for free chequing © No charge or limit on cheques written * No monthly fee for benefits you don't use ¢ No minimum monthly charges © No-fee MasterCard © No strings attached So if you're ured of paying bank chequing charges, switch to National Trust's Chequing/ Savings Account.” You'll get our full, friendly service ana NO charge chequing. NATIONAL TRUST A Nanuta! Cictenaand Gres drustee€ ompans NORTH VANCOUVER 1407 Lonsdale Aw. 980-5714 BURNABY Brentwood Sh. Ctr 290 9585 $28 - 4567 Lougheed Huy. WEST VANCOUVER Park Royal Sh. Cer. RICHMOND 100-6760 #3 Road VANCOUVER 2799 Granule St 2156 West 41st Ave 2793133 666 Burrard St. 922 919} 736-2931 266 1033 634.8431 oe 19 - Wednesday, August 3, 1988 - North Shore News oe AP & THURSDAY Information Processing Program An Evenina Certiricate PRoGRAM SECRETARIAL OR FINANCIAL OpTiONS Micro Word Processing - WordPerfect September 13 - December 13 Tuesday 6:00 - 10:00 p.m. Electronic Bookkeeping - Bedford Software September 15 - October 25 Thursday 6:00 - 10:00 p.m. Spreadsheets for the Office Worker November 2 - December 15 Thursday 6:00 - 10:00 p.m. Typing Courses Typing courses are available in the evening to assist you in meeting program requirements September 7 - December 14 Monday & Wednesday Basic Skills: 6:00 - 8:00 p.m. Speed Development 7:00-8:00 p.m. Some prerequisites are required. Early enrollment is advisable as space is limited. Majl-in registration is available until August 12. For further information on the above courses as well as our full-time programs, call 984-4959 @_@x capilano 2055 Purcell Way & Gaza C lege North Vancouver, B.C.