Savings
Plan 24
The original daily interest savings account, Plan 24 was introduced by credit unions in 1967. Your money goes to work 24 hours a day, 7 days a week.
Features and benefits include:
- No minimum balance requirement
- Interest calculated on the closing daily balance @ .25% daily compounded per annum
- Interest paid monthly
- ATM withdrawals permitted at regular transaction fees
- One free withdrawal permitted for a minimum monthly balance of $500.00 or multiple thereof i.e. $1,000, $1,500 etc.
- Free Member Card
- In-branch withdrawals - $1.50 each
- Statement provided for $2 bi-annually*--Free with E-Statement**
Plan 24 accounts were designed as regular savings vehicles for a dedicated investment program and for those who don't want to be tempted by chequing privileges. It can also be an ideal account for people with large deposit balances, which turn over on a short-term basis, and for people who want to segregate funds.
*Savings account statements are generated every 6 months (July to December & January to June) when there is no chequing account linked with the same member number.
Please join us by Going Green!
E-Statements are an electronic version of your hard copy mailed statement. When you choose to suppress your mailed statement, E-Statements reduce the risk of mail fraud and help protect the environment.
Note that all accounts that are not signed up for internet banking and have not opted into E-Statements, there is a $2/month statement processing fee (chequing account statements are produced monthly and savings account statements are produced every six months).
Log in to Online Banking to opt out of paper statements today, you may also call or visit the branch to make a change.