Savings Accounts
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- Funds can be withdrawn if needed on variable rate account.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 length of the term
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.
