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Free savings account with no strings attached.


Is this savings account right for you?

 Right for you if:

  • You want to earn interest
  • You want a low-risk savings option
  • You make infrequent withdrawals or transactions

 It might not be right for you if:

  • You use this account for day-to-day transactions, bill payments, transfers and withdrawals

Savings First Account Details

$0 monthly fee

0.75%* interest rate

2 FREE transactions per month including:

  • in-branch withdrawals
  • in-branch transfers
  • Interac® direct payments
  • pre-authorized payments
  • THE EXCHANGE® & ACCULINK® ATM withdrawals

Electronic transfers between your Island Savings accounts are free & unlimited. Free monthly eStatement available in online banking.

Additional fees

Transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Personal Service Fees to see our account & service fees.

View Account Terms and Conditions (PDF)

Included with all personal accounts

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Manage your money anytime and from anywhere.

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Stay informed on account activity with instant account alerts.


From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.

This account calculates interest on the entire daily closing balance at the specified interest rate. The interest calculates daily and is paid at month end. Interest rate is subject to change at any time without advance notice. Refer to for our current rates.

For illustrative purposes only:

$0 - $4,999 1.00%

Daily Closing Balance = $100,000
This account will calculate interest based on an interest rate of 1.00% on the entire $100,000 closing balance.

Not sure if this account is right for you?

We can help. Visit a branch or call us at 1-888-597-1083, and let's find the right solution together.

*The interest rate is subject to change without notice at any time.