How a savings account can work for you.
Make your money multiply
Earn interest on savings to help beat inflation while maintaining easy access to your funds.
Use a savings account to set aside money for a future purchase or endeavour. A new car. Kitchen renovations. Cello lessons. It's up to you.
Secure your funds
A safe place to keep your money—whether you're a server with a shoebox full of cash tips, or you're just not sure where to invest.
Frequently Asked Questions
Though the answer will vary from person to person, a good rule of thumb is that a savings account is a good option for the short term, especially if you need easy access to your funds. Investments are a smart way to grow your savings over the long term, protecting them from depreciation and maybe even making them earn more money for you.
Some savings projects - like saving for your child's post-secondary education or saving for retirement - might be best served by specialized investments like Registered Education Savings Plans (RESPs) and Registered Retirement Savings Plans (RRSPs). Even if you're not looking quite that far ahead, you might want to consider a Tax-Free Savings Account (TFSA). These investments also offer tax benefits that you can use to save even more.
The material on this page is for informational purposes only and should not be considered as ATB Financial offering tax, legal, financial or investment advice. ATB Financial cannot guarantee the accuracy or completeness of this page, but it is believed to be correct as of the time of publication. ATB High Interest Savings Account and ATB U.S. Investment Savings Account are available through registered investment dealers authorized by ATB Financial. Accounts will be set up in Nominee form only, in the name of the dealer and may only be purchased and redeemed through FundSERV®.
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