Island Savings

Business Premium Savings

This account is for you if:

  • you want a free savings account with a maximum return.
  • you enjoy being ahead of the game.
  • you want to reach your savings goals faster.

Free no monthly
account fee

1 free transaction
per month*

Overview

Account Details

  • Higher interest rates on balances over $5,000
  • Unlimited electronic transfers to other Island Savings accounts
  • FREE eStatement for easy record keeping
  • FREE in-branch or ATM deposits
  • FREE sending My Business-to-My Business transfers
  • Interest calculated daily and paid monthly
  • Rest easy knowing that your deposits are 100% guaranteed†

Plus, you can access and manage your business accounts 24/7 with our Business Online Banking services—use Business Online Banking (BOB) if you need a robust online banking service or use Entrepreneurial Business Online Banking (EBOB) for your day-to-day banking transactions.

 

® Trade-Mark of Interac Inc. Used under licence

*With minimum monthly balance of $25,000 maintained.

†The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.

Fees

Monthly Fee
Free
Interest
Tiered interest rate
Additional
Transaction
Fees
Electronic transfers FREE 
In-branch bill payment $2.00
Additional debit transaction $5.00
THE EXCHANGE® and ACCULINK® ATM withdrawal $5.00
International ATM withdrawal $4.25*
US Cirrus® ATM withdrawal $3.25*
Interac® ATM withdrawal $1.75*
Send Me-to-Me transfer $5.00

 

*Fee charged at time of transaction. If transaction goes over monthly limit an additional $5.00 fee will be charged at month end.

What You'll Need

Account Opening Checklist

Depending on what type of business you have, you'll need to bring the items checked off in the table below.

 Sole OwnershipPartnershipCorporation
Two pieces of ID*

Trade/Business Name Registration
(if applicable)

Partnership Agreement**

Certificate of Incorporation /
Notice of Articles /
Articles of Incorporation /
Share Registry

*Valid identification (one with photo) must be provided for each signor
**Partnership agreement or similar confirmation of the existence of the business

 

If you have a different type of business than the options we've mentioned above, that's fine. We can open an account for any type of business—just contact us to find out what you'll need to bring to open your account.

 

Ready to apply? Opening a business account with us is easy!

Online

Contact us if you'd like to apply for a Business Premium Savings account —our approval process is quick and simple.

In Person

If you're more comfortable coming in to see us, we'd be happy to open your business account in person.

By Phone

If you’d like to call us, here is a complete list of our branch numbers.