Island Savings

US Dollar Savings

This account is for you if:

  • you travel to the US frequently.
  • you want to earn interest in US dollars.
  • you have better things to do than worry about exchange rates.

Freeno monthly
account fee



Account Details

Our US Chequing Account is a low-fee US account that pays tiered monthly interest, calculated daily on your closing balance. This account includes:

  • FREE deposits
  • eStatement or paper statement available
  • Money held in your US account is in US dollars
  • Plus, you can rest easy knowing that your deposits are 100% guaranteed†


® Trade-Mark of Interac Inc. Used under licence

†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.


Monthly Fee
Tiered interest rate paid to this account
Cheque clearing $1.00
In-branch withdrawal $1.00
In-branch transfer $1.00
Electronic transfer FREE
Pre-authorized payment $1.00
Send Me-to-Me transfer $1.00
Paper statement $2.00
Transaction fees are charged in U.S. dollars



Here is an easy access document that includes everything you need to know about the terms and conditions for this account. Read more (PDF).

Ready to apply? Opening an account with us is easy!


Contact us to let us know you're interested in opening a US dollar account and we’ll take care of the rest.

In Person

If you’re more comfortable coming in to see us, we’d be happy to open a new account for you or make changes to your existing account.

By Phone

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