Is Telus a Spread Business?

We need to recognize when an entity is promising higher yields, we need to understand their business model. Lending and paying interest on deposits is a spread business; they have to earn money somehow through lending or some other activity in order to maintain the deposit. Telus raised $16 million earlier this year with investments by Andriss and Horowitz, the renowned venture capitalist firm. But again, as depositors at Telus, your deposits are not secured.