Savings Accounts

Business Savings Account

Important Change on April 22, 2024

This account will no longer be offered but clients with this account will continue to have access.

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.

Key product details

Interest earned $0 - $24,999: 2.70%1
$25,000 & over: 2.75%1
Monthly fee, Statement $0
In-branch bill payments, credits & debits $1.50 each
Electronic bill payments, credits & debits $1.25 each
Additional telephone inquiries & transfers $0.60 each
Sending an Interac e-Transfer® $1.50 fee to send + $1.25 debit fee
Receiving an Interac e-Transfer® $0.00 fee to receive + $1.25 electronic credit fee

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%)

Find the right savings account for your business.

Need help?

Our Business Support team will be happy to assist.