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COMMERCIAL HIGH INTEREST SAVINGS ACCOUNT

​​
THIS ACCOUNT IS FOR YOU IF: 

 

    You want a free business savings account with a maximum return.

    You enjoy being ahead of the game.

    You want to reach your business goals faster.​

 

 

FREE

Monthly Account Fee

 

 

 

1 FREE

Transaction Per Month

 

IT'S EASY TO APPLY!

Contact us to open your High Interest Savings account - our approval process is quick and simple.

COMMERCIAL HIGH INTEREST SAVINGS

 

ACCOUNT DETAILS

 

  • $0 monthly account fee
  • FREE monthly eStatement including cheque images
  • 1 FREE transaction per month including:
    • In-branch withdrawal
    • In-branch transfer
    • In-branch or electronic bill payment
    • Interac® direct payment
    • Pre-authorized payment
    • THE EXHANGE®, ACCULINK® & Interac® ATM withdrawal
  • 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.


® Trade-Mark of Interac Inc. Used under licence


FEES

Monthly Fee
FREE
Interest
Interest paid to this account*
Additional
Transaction
Fees

Electronic transfers  FREE

Pre-authorized payment  $5.00

Additional debit transaction  $5.00

THE EXCHANGE® & ACCULINK® ATM withdrawal  $5.00

Interac® ATM withdrawal  $6.00

International ATM withdrawal**  $7.00


View our service fee guide

® Trade-Mark of Interac Inc. Used under licence

*Interest rates are subject to change with out notice. Interest is expressed as an annual rate and calculated on the applicable portion of the closing daily balance in the account and paid at month end.

**In addition to the applicable service charges, you may be charged applicable fees (including commissions) by third parties and we may charge and earn commissions and revenue based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.


†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.

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.

EXPERT ADVICE AT EVERY STEP

Whether your business is just starting out or reaching new levels of success, Island Savings has the right advice to help you reach your goals. Contact one of our business banking experts today.