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halifax guaratee inv fund

hi could someone please explain how the h/fax guarantee inv fund works, i have 50k to invest i like the 7.5% interest rate, but been told you invest say 40k into a 5yr plan other 10k into another account for emergency use etc is it right you can withdraw money from the 40k at any time as my other plans you cannot withdraw money from them until maturity date has anybody else had one of these plans + what do you think of them cheers
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