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BACK
TO PRODUCTS AND SERVICES
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| PREMIUM
SAVINGS ACCOUNT |
- For
members that want an effective way to save and earn high
interest.
- High
daily interest paid on closing balance.
- Interest
paid monthly.
- Minimum
balance required is $500.
- No
monthly fees.
- No
charge for deposits, payroll deposits or direct deposit
( EFTs) or
automatic transfers in.
- 2
free withdrawals or transfers out per month. Additional
withdrawals
subject to a $5.00 service charge.
- half
yearly statements ( end of June and December) unless there
is an
active PCA account, then the savings account transactions
will be
include with the monthly statements.
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| PLAN
24 ACCOUNT DAILY INTEREST SAVINGS ACCOUNT |
- For
members with fluctuating balances and who do not require
monthly statements or chequing privileges.
- Interest
calculated on closing daily balance and paid monthly
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| CHILDREN'S
ACCOUNT (UNDER THE AGE OF 14) |
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| TAX FREE SAVINGS ACCOUNT (TFSA) |
- For members that want to grow tax free savings. Interest earned on this account does not get included in the annual T5.
- $5,000 maximum contribution limit each year.
- Unlike RRSPs, contributions are not tax deductible.
- High daily interest calculated on closing balance and paid monthly.
- Minimum balance required is $500.
- No monthly fees.
- No charge for deposits, payroll deposits or direct deposit ( EFTs) or
automatic transfers in.
- Withdrawals are not reported as taxable income and are not subject to income tax.
- 1 free withdrawal or transfer out per year. Additional withdrawals subject to a $5.00 service charge.
- Half yearly statements ( end of June and December)
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