Business Savings Account
Important Change on April 22, 2024
You’ve worked hard to build your earnings—make them earn for you.
For the wise businessperson
A Business Savings Account is for you if you've planned your cash flow wisely and have a little extra cash in your business.
Earn from your earnings
Why not earn some interest on your extra earnings and offset your other bank account fees?
Pay only for use
Enjoy no monthly fees, just pay for the transactions you need.
Frequently Asked Questions
If you have less than $100,000 in savings, the Business Savings Account has better optimized rates to fit your needs.
If you have more than $100,000 in savings and appreciate the liquidity of a savings account, the Business Growth Plus Savings Account provides better earned interest rates.
If you're okay with not having access to your funds for six months or more, you may want to consider investing some of your savings into a GIC. We can help with that, too.
The interest rate varies for each tier as it relates to the daily or monthly closing balance of the account.
For example: If the account holds a balance of $30,000, in a Business Savings Account, the account would receive:
- 2.70% interest for the first $24,999 (as the pricing for $0 to $24,999 is 2.70%)
- 2.75% interest for the remaining $5,001 (as the pricing for $25,000 and over is 2.75%)
This product is for Business & Agriculture clients only.