Premium Savings Accounts:

  • For members that want an effective way to save and earn high interest
  • High daily interest paid on closing balance
  • Interest paid monthly
  • No charge for deposits, payroll deposits, direct deposits (EFT’s) or automatic transfers in
  • 2 free withdrawals / transfers out per month. Additional transfer incur a $5.00 service fee
  • Annual statements issued at end of December

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
  • Annual statements issued at end of December

Children’s Account (Under the age of 14):

  • No service charges

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
  • $6,000 maximum contribution limit for 2020
  • Unlike RRSPs, contributions are not tax deductible
  • High daily interest calculated on closing balance and paid monthly
  • Fixed, Variable and Index- Linked options available
  • No monthly fees
  • No charge for deposits, payroll deposits, direct deposits (EFTs) or automatic transfers in
  • Withdrawals are not reported as taxable income and are not subject to income tax
  • 1 free withdrawal per contract. Additional withdrawals are subject to a $10 service charge
  • Annual statement issued at the end of December