ACCOUNT DETAILS

• $0 monthly fee
• High interest savings account rate paid on the entire balance
• FREE monthly eStatement including cheque images
• 1 FREE transaction per month
• Rest easy knowing that your deposits are 100% guaranteed†

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†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.

HOW DOES IT WORK?

As an agricultural producer, you're able to make annual contributions of up to 1 per cent of your allowable net sales to your AgriInvest account. When you do so, you'll receive a matching government contribution. 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.
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For more information about AgriInvest, visit the program website at www.agr.gc.ca or contact Agriculture & Agri-Food Canada toll free at 1.866.367.8506.