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Savings Accounts

Savings Accounts

Enjoy the comfort of knowing your money is always growing.


When it's time to save, we've got you covered. Whatever you're saving for, find an account that'll help you get there - from flexible, short-term savings to longer term investments that yield high rates, there's an account for you.

Open a savings account today.

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Simply Everyday Savings Account

If you regularly save your money but need flexible access to it, then this account might be right for you. The Simply Everyday Savings Account offers a flexible and convenient way to save, with anytime access so you can use your money when you actually need it.

 

Features and Benefits

  • Transaction fees waived for youth 25 and under (except Interac & Cirrus ATM transactions)
  • Easy to understand, pay for use pricing
  • Helps you save for current/immediate needs


Core Features and Benefits

Monthly Fee Pay as you go
Number of Transactions Unlimited deposits and online transfers between YNCU accounts
Charge for Additional Transactions $1.00


Account Extras

Interac e-Transfers $1.25
ATM Withdrawals at another Financial Institution Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada
Discounted Youth Fee Free for youth 25 and under
Interest Paid monthly, at posted rate
 

High Interest Savings Account

Do you maintain a higher balance but don’t want the funds to be locked in? With a High Interest Savings Account, you can save for life’s important purchases, like vehicles, vacations, or home renovations, while earning a higher rate of return on your savings.

 

Features and Benefits

  • One free debit transaction, transfer, or withdrawal per month
  • Easy to understand, pay for use pricing
  • $5000 minimum monthly balance to receive best rate
 

Core Features and Benefits

Monthly Fee Pay as you go
Number of Transactions Unlimited deposits and one free Debit transaction per month
Charge for Additional Transactions $2.00
 

Account Extras

Interac e-Transfers $2.00
ATM Withdrawals at another Financial Institution Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada
Discounted Youth and Senior Monthly Fee N/A
Interest Paid monthly, at posted rate. Higher interest rate on deposit balance over $5,000
 

Combination Savings Account

Would you like an account that offers the flexibility of a Savings Account with the interest earning power of a GIC? The Combination Savings Account is for you. Your money is there when you need it, and growing at a special rate of return when you dont. Learn more on the Combination Savings Account page.

 

Features and Benefits

  • Minimum deposit of $5000
  • Guaranteed special rate of return
  • Product opens for deposits every 3 months - January, April, July and October
  • Easy to understand, pay for use pricing
 

Core Features and Benefits

Monthly Fee Pay as you go
Number of Transactions Unlimited deposits and one free Debit transaction per month
Charge for Additional Transactions $2.00
 

Account Extras

Interac e-Transfers N/A
ATM Withdrawals at another Financial Institution N/A
Discounted Youth and Senior Monthly Fee N/A
Interest Paid monthly, at posted rate. Higher interest rate on deposit balance over $5,000
 

US Hybrid Chequing and Savings

Avoid the ups and downs of U.S. currency exchange rates with the U.S. Hybrid Chequing & Savings Account. This account will help you avoid converting U.S. currency to Canadian and back again. You'll be able to write cheques, build savings, and earn interest in U.S. currency.

 

Features and Benefits

  • No minimum deposit required
  • Earn interest in U.S. dollars
  • Flexibility to withdraw at any time (2 free monthly withdrawals)

 

Core Features and Benefits

Monthly Fee Pay as you go
Number of Debit Transactions 2 free per month
Charge for Additional Transactions $1.00

 

Account Extras

Cheques At current market pricing
Statement

Free On-line / $2.00 printed
Interest Paid monthly, calculated on daily closing balance

 

 

Emergency Savings Account

Be prepared for anything by setting up an emergency fund with YNCU. Offering a higher rate than our traditional savings accounts, the Emergency Savings Account will help you build your reserve fund faster while keeping your money accessible.

Features and Benefits

  • Premium savings interest rate

  • No monthly fees or minimum balance required

  • Maximum balance of $15,000

  • Only one Emergency Savings Account permitted per member


Core Features and Benefits

Monthly Fee

Free

Number of Transactions

Unlimited deposits and online transfers between YNCU accounts

Charge for Additional Transactions

N/A

Account Extras

Interac e-Transfers

N/A

ATM Withdrawals at another Financial Institution

N/A

Discounted Youth and Senior Monthly Fee

N/A

Interest

Paid monthly, at posted rate
 
 
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2023 Your Neighbourhood Credit Union Limited. All rights reserved.

Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .

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