Accounts

What is a Savings account?

A Savings account is a great way to make your money grow. Whether you’re saving for a special occasion, a dream vacation or a rainy day, this account allows you to earn interest on the money you save.

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Account features.

Earn interest on your savings

Help your money grow with tiered interest rates that increase as your balance grows.

Flexible access to your money

Keep your savings accessible when you need it while working toward your goals.

No fee for deposits

Deposits don’t count as transactions and don’t incur service fees.

Some transaction and service fees may apply for select account features. See our full transaction & service fees page for details.

Rates.

Description

$0 - $5,000

Rate 0.30%

$5,000.01 - $25,000

Rate 0.35%

$25,000.01 - $60,000

Rate 0.40%

$60,000.01 - $100,000

Rate 0.45%

Over $100,000

Rate 0.55%

What you’ll need to open an account. 

Opening an account requires confirming your identity in person – an appointment is required. Please bring a valid government-issued photo ID and your Social Insurance Number (SIN). 

Accepted forms of ID

  • Driver’s license
  • Passport
  • Status card/treaty card
  • Permanent resident card 
  • Province or territory ID card 
  • Foreign passport

Youth accounts and joint holders

  • Youth accounts (18 and under):
    • Under 12: requires a parent or guardian’s identification
    • Ages 12–15: one piece of photo ID from the child and the parent or guardian
    • Ages 16–18: one photo ID from the youth
  • Shared or dual accounts:
    • Both account holders must be present in branch to sign off
    • All account holders must agree to changes in operation or ownership
    • Please ensure you understand the implications of joint ownership before proceeding

If you do not have a government-issued ID, an acceptable original document1 of two of the following can be used: original birth certificate, marriage certificate, or refugee program. 

Note: all accounts are subject to a credit check2 and a $5 membership fee.

FAQS

Common questions.

Here’s what people ask us the most.

A Savings account is an everyday deposit account that earns interest on your balance. At Conexus Credit Union, your eligible deposits are 100% protected by the Credit Union Deposit Guarantee Corporation.

Tiered interest rates mean you earn a higher rate as your savings balance increases. As your balance grows, you may qualify for a higher interest rate.

Our Savings account includes two free transactions per month. Deposits do not count as a transaction and don’t incur service fees. Any transactions beyond those two are subject to a service fee — see our transaction and service fees page for full details.

At Conexus your eligible deposits are 100% protected by the Credit Union Deposit Guarantee Corporation.

Yes. You can access your funds from your Savings account when you need them. Keep in mind that transaction limits, fees or other conditions apply depending on how you access your money. See our transaction and service fee page for more details.

Ready to grow?

Your next big goal starts here.

Whether you’re saving for retirement, a child’s education or your next big purchase — there are plenty of ways to make your money go further. Our advisors will help you find the right account for where you are now and where you want to be.

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1 Document must be the original paper or electronic document. It cannot be a photocopy, a fax, or digitally scanned. It must be valid and unaltered. If any information has been combined from more than one source, it is not acceptable, and current. If there is no expiry date, it must be a recent version of the document.

2 If you decline a credit check, there will be restrictions.