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National farm program that provides matching contributions.


Is this savings account right for you?

 Right for you if:

  • You are an agricultural producer
  • You want to earn interest
  • You want a low-risk savings option

 It might not be right for you if:

  • You are looking for a transactional chequing account
  • You are looking to have more than one AgriInvest account

AgriInvest Account Details

$0 monthly fee

Interest rate

$0 - $4,999 balance will earn 0.95%*
$5,000+ balances will earn 1.05%*

This account includes 1 free withdrawal per month. Deposits to 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 Business Service Fees to see our account & service fees.

View Account Terms and Conditions:

Business Member Application—Unincorporated Association (PDF) 
Business Member Application—Sole Ownership, Partnership, Corporation (PDF)
Business Member Application—Joint Venture (PDF)​ 
Business Trust Account Application (PDF)

Included with all business accounts

image of monitor with a padlock on it implying secure access

Pay your bills, check your balance, transfer money and more—anytime and from anywhere.

an incomplete circle with an arrow point surrounding the letters 24/7 implying uninterrupted access

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.

As an agricultural producer, you're able to make an annual contribution for up to 100% of your allowable net sales to your AgriInvest account.  When you do so, you’ll receive 1% of the deposit amount from the Government of Canada. Then, when you are short on cash, simply withdraw these funds at any time without penalty.

What you need to know

  • Each year, Agricultural producers receive their AgriInvest deposit notices which specify the eligible amount producers are able to deposit to their AgriInvest account to receive matching government contributions.
  • You'll need to open your AgriInvest account with Island Savings by the date specified on your AgriInvest Deposit Notice, in order to receive your fully matched government contribution.
  • Any late application submissions will be penalized by a 5 per cent reduction in government contribution per month (or part of the month) up to the final submission deadline specified on your AgriInvest deposit notice.

Account opening process

  • Complete the account application form available on the Agriculture and Agri-Food Canada site and bring it to your Island Savings branch.
  • We'll notify Agriculture and Agri-Food Canada (AAFC) once you've opened your account so that AAFC will have the necessary information for contribution matching.

For more information about AgriInvest, visit the program website at or contact Agriculture & Agri-Food Canada toll free at 1.866.367.8506.

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

For illustrative purposes only:

Tier 1 $0 - $4,999 1.50%
Tier 2 $5,000 1.60%

Daily Closing Balance = $5,100
This account will calculate interest based on an interest rate of 1.60% on the entire $5,100 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.

Interest rates are subject to change with out notice.