Savings Accounts
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Plan 24- Basic Savings
Provides flexibility and access to your funds at any time. Interest paid semi-annually and calculated on the minimum daily balance. No minimum balance requirement No monthly fee No charge for deposits or withdrawals over the counter $0.35 cents fee for electronic funds withdrawals
Tax Free Savings Account
Registered savings plan that allows members to earn interest on deposits tax free. Government of Canada sets deposit limits per year. Funds can be withdrawn if needed on variable rate account.
Variable TFSA
Flexible account allows access to withdraw funds anytime without interest penalty. Two free withdrawals per year. Additional withdrawals allowed for a fee of $5.00 each.
Fixed Term TFSA
Terms from 1 to 5 years. Premium rates paid based on length of term. Funds are locked in for the term of the deposit.
Term Deposits
For members who want to earn higher rates than regular savings and can leave funds on deposit for a specific length of time.
Long Term
Available for terms from 1 to 5 years Minimum deposit of $1,000.00 Interest is paid monthly to chequing or basic savings Rate is guaranteed for the length of term
Short Term
Available for 30, 60, 90, and 180 day terms Minimum deposit of $1,000.00 Interest is paid at maturity to chequing or basic savings Interest rate is guaranteed for the length of the term
Student Youth Term Deposits
An easy way for young people to save for the longer term.
Available in 1 to 5 years Minimum deposit of $100.00 Interest paid monthly to chequing or basic savings
Your deposits are protected through the Deposit Insurance Corporation of Ontario for up to $100,000.00. Click on this link to find out more