Tiered savings account
A smarter way to grow your savings.
Get higher rates on larger balances, plus an extra 1% when you use Vancity for your everyday banking.
Monthly fee
$0
Why it’s great
Progressive savings tiers for higher saving potential
Why it’s even better
Unlock an extra 1% on your savings rate
A savings account that grows with you.
Earn more as your balance grows
As your balance grows, your account can earn higher interest rates through our tiered savings structure.
See our rates
Get rewarded for everyday banking transactions
Unlock a bonus 1% on your savings rate when you use an eligible chequing account to make at least three eligible transactions per month. Including setting up direct deposit, payroll, automatic bill payments or pre-authorized payments.
See how to unlock your bonus
Open as non-registered savings, TFSA, RRSP or RRIF
From everyday savings to retirement and tax-free goals, choose from four Tiered High Interest Savings Accounts designed to reward higher balances with higher earning potential.
Earn an extra 1% on your savings.
Complete three eligible transactions each month from an Essential, Essential Plus, or Total chequing account and unlock an extra 1% on your savings account. Transactions can be a combination or three of the same from the following:
Direct deposit
Have your paycheque or other regular income deposited directly into your Vancity account.
Bill payment
Pay bills including utilities, phone, internet, or credit cards through online or mobile banking.
Pre-authorized payment
Set up automatic payments from your account for recurring expenses like insurance, subscriptions, or utility bills.
Our progressive savings rates.
The more you deposit, the more you earn. Plus earn a higher rate with registered accounts and the bonus rate when you complete three eligible transactions.
Total deposit tier level | Base + bonus rate | Base rate | Bonus rate |
$0 - $24,999.99 | 1.50% | 0.50% | 1.00% |
$25,000 - $99,999.99 | 1.80% | 0.80% | 1.00% |
$100,000 - $249,999.99 | 1.90% | 0.90% | 1.00% |
$250,000 - $499,999.99 | 2.15% | 1.15% | 1.00% |
$500,000 - $999,999.99 | 2.35% | 1.35% | 1.00% |
$1,000,000 - $1,999,999.99 | 2.45% | 1.45% | 1.00% |
$2,000,000 - $4,999,999.99 | 2.55% | 1.55% | 1.00% |
| $5,000,000 + | 2.75% | 1.75% | 1.00% |
Your deposits in this account are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Fees.
$0
Includes bill payments, cheque deposit using Vancity Mobile Deposit ™, and transfers from Vancity accounts made online or using our automated phone service
Free
Includes in-branch or phone transactions, account withdrawals, bill payments, and transfers to or from Vancity accounts
$5/transaction
Includes cheque transactions and pre-authorized payments from Vancity accounts
$5/preauthorized payment transaction
Cheque payments are not available
90¢ to send.
Receiving interact e-Transfers is free.
Monthly fee | $0 |
|---|---|
Everyday Online and Mobile Banking Includes bill payments, cheque deposit using Vancity Mobile Deposit ™, and transfers from Vancity accounts made online or using our automated phone service | Free |
Everyday In-Person Transactions Includes in-branch or phone transactions, account withdrawals, bill payments, and transfers to or from Vancity accounts | $5/transaction |
Everyday Cheques and Preauthorized Payments Includes cheque transactions and pre-authorized payments from Vancity accounts | $5/preauthorized payment transaction Cheque payments are not available |
Interac e-Transfer® | 90¢ to send. Receiving interact e-Transfers is free. |
Book an appointment.
It takes as little as 10 minutes.