ATB Climber Savings Account

Yes, there are no withdrawal restrictions. You can access your funds at any time, just like a standard savings account.  However, when you withdraw funds from the account, no matter how much, this will reset your premium period to Day 1. The interest you've earned up to the date of the withdrawal will be prorated and paid to your account at the end of the month.

Yes, you can. The ATB Climber Savings Account can be a joint account and applications can be done online.

New and existing clients can open this savings account online or in the branch.

The account offers two standard types of interest:

• Base Interest: The basic interest rate that is always earned.
• Premium Interest: An additional interest rate earned for a specific premium period. This is added to the base interest rate.

Both the base and premium interest are calculated on the account’s daily closing balance and paid at the end of the month. Hold your deposits in your account longer to earn a higher interest rate.

The welcome bonus is a limited time bonus rate. It is applied to the balance of the account for the first 90 days and will be paid at the end of each month into the eligible Climber Savings Account. Should a withdrawal be made within the first 90 days from the account, the welcome bonus will still be paid and will be based on the daily closing balance.

To be eligible for the welcome bonus rate, you must not have held an ATB Springboard Savings Account or an ATB Climber Savings Account (jointly or individually) within the past three years.

A premium period refers to a specific duration during which a premium interest rate is applied over and above the base interest rate. There are five premium periods for the ATB Climber Savings Account based on the number of days the funds remain untouched in the account. Keeping your funds in the account for a longer period of time will result in a higher interest rate in the savings account. Please refer to the table above for details on the specific interest rates and premium periods.

You earn the premium interest rate in stages, with the rate increasing at set milestone premium periods (e.g., after 30, 90 days, etc). This structure is designed to reward you for consistently maintaining your savings. Earn a higher interest rate by keeping your funds in the savings account over a longer period of time. Please refer to the table above for current rates details on the specific interest rates and premium periods.

You will continue to earn both the base interest rate and the premium interest rate for the last premium period, provided you do not make a withdrawal.

After using the one free withdrawal available to you each month, the following fees will apply when moving money out of your Climber Savings Account.

• $5 each for in-branch and ABM withdrawals and transfers
• $5 each for outgoing electronic transactions
• Additional service fees apply to Interac e-Transfers and Global Transfers

Transactions such as bill payments also carry an additional fee, which is added to the withdrawal fee.

For more details on our services and fees, see Additional Services and Associated Charges.

This account is designed as a savings account that allows you to work toward your goals and earn a competitive interest rate on the money you save. You can still perform transactions through this account, but you will have to pay extra. Consider opening a chequing account for your everyday transactions.

Within Alberta, you pay regular fees at non-ATB ABMs. You should be notified of these fees and prompted to approve them before proceeding with the transaction.

Withdraw cash at any non-ATB ABM outside Alberta, but within Canada, for a fee of $1.50 per withdrawal (this does not include fees you may agree to pay when making the withdrawal at the non-ATB ABM).

Travelling outside of Canada? Withdraw cash at any ABM on the Cirrus® network for a fee of $5 per withdrawal (this does not include fees you may agree to pay when making the withdrawal at the non-ATB ABM).²