This "Pay-as-you-go" chequing account benefits customer-owners who:
- Make relatively few transactions.
- Want an account to manage their day-to-day financial activities.
- Need access through a wide range of options, and
- Want to be paid interest.
- An account that combines chequing and savings benefits with rates that are tiered - higher rates for higher balances.
- Interest based on the following account balance tiers:
$1 - $499.99
$500 - $999.99
$1,000 - $2999.99
$3,000 - $4,999.99
- Interest calculated daily on closing balance, paid monthly
- Interest calculated on the entire balance at the rate of the highest tier attained
- Transactions charged on a per-item basis; $2.00 monthly fee
- Optional overdraft protection available on approved credit
- Printed statements optional
- Convenient 24-hour access to accounts by TeleService, MemberDirect and ATM