This is right for you if… you are saving for something special, putting money away for a rainy day or planning for retirement. Get there faster with the right savings account.
This account is right for you if… you want to earn maximum interest on a fluctuating balance. You can deposit or withdraw money any time you like. Features: Our daily interest savings account.
- No minimum balance required
- Interest calculated on your daily closing balance and paid monthly
- Higher interest paid on higher balances
- No-fee for withdrawals or deposits done in-branch
- Member Card® debit card available
- Free ATM withdrawals at any credit union
- Free access to online banking and 1-877-WESTOBA
- Make the most of your money with interest calculated on your daily closing balance and paid monthly
- Enjoy the flexibility to access to your money any time
Fees: No monthly fee. Pay only for the services you use.
- $1.50 per Point of Sale (POS), pre-authorized debits or bill payment debits
- $3 print statement fee (electronic statements are free)
Tax Free Savings Account
This account is right for you if… you are looking to save a little, or a lot! Earn tax-free interest while you set money aside for a wedding, down payment on a house or a rainy day. A Tax-Free Savings Account (TFSA) is a great way to kick start that emergency fund you’ve been neglecting.
To open a TFSA you must be 18 or older with a valid social insurance number (SIN) and are looking to set money aside tax-free throughout your lifetime.
- Deposit (variable and fixed plans) or mutual fund plans available
- Eligible contribution room will carry forward
- Deposits can be made through automatic transfer through online banking, in-branch or with 1-877-WESTOBA
- There are penalties for contributions over the limit