Premium Tiered Savings
Our new Premium Tiered Savings is best suited for members with larger, long-term savings goals. A high-yield tiered savings provides an investment-type rate of return, earning a higher rate on larger savings balances. This account lets you build savings without having to lock them away.
Interest is calculated on minimum monthly balance from the 1st day to the last day of the month with interest paid on the last day of each month. To earn interest for the current month, a deposit will need to occur by the end of the day on the 1st of the month, which would set the MMB base. Highest applicable rate paid on entire minimum monthly balance.
Please note: the minimum monthly balance (MMB) interest is calculated for each month equally. Each month is calculated as 'balance' x 'rate' divided by 12. This is as opposed to being based on the number of days. Therefore, the same balance and rate in February or March would yield the same interest dollar calculation.
The following fees apply:
|One withdrawal/transfer per month||FREE|
|Each additional withdrawal/transfer||$1.25|
|Express Line or Online Banking bill payments||$1.25|
|Interac® Direct Payment (excludes Interac® e-Transfer fee)||$1.25|
|$100,000-$249,999.99||Please click here for current interest rates.|