Chequing Account
- Free deposit and withdrawal
- Personal check issuance
- Ability to pay utility bills and transfer funds through online banking
Savings Account
- Free deposit and withdrawal
- No monthly fees
High-Interest Savings Account
- Offers a high interest rate of 3% per annum, compounded monthly
- Free deposits and withdrawals
- Interest paid monthly
GIC / Term Deposit
- Customized term deposits available for periods ranging from 1 to 3 years
- Option to use term deposits as collateral for loans, with loan interest rates equal to deposit interest rates plus 1%
Installment Deposit
- Savings deposit where a fixed amount is paid every month during the contract period
- Duration: 6 months to 5 years
- Preferential interest rates available for students (full-time students under 25 years of age)
TFSA (Tax-Free Savings Account)
- Tax-exempt deposit with a high-interest rate based on the subscription perio
- Target audience: Individuals 18 years of age or older with a SIN (Social Insurance Number)
RRSP (Registered Retirement Saving Plan)
- Deposit useful for tax savings and retirement preparation, with income deducted equal to the deposit amount
- Eligibility: Residents aged 18 to 71 with RRSP limit or income
- Ability to receive a loan for the full amount of funds needed to purchase an RRSP
- Option to purchase an RRSP in your spouse’s name
Business Account
- Available for sole proprietorships, corporations, partnerships, and non-profit organizations
- Offers Current Account, Savings Account, Term Deposit, and Installment Saving optionsSole Proprietorships, Corporations, Partnerships, and Non-profit Organizations:
- Available options include Chequing Account, Savings Account, Term Deposit, and Installment Saving.
