All-access, no-risk saving that grows your wealth and our province.
Earn on all balances. Pay no monthly fee.
Earn interest without the obligations. There’s no minimum balance, but you'll earn even more on balances over $5,000.
Get unrestricted access.
Enjoy one free withdrawal a month at any ATB branch or automated banking machine (ABM). You'll pay for additional debits, but deposits and transfers to ATB accounts are free.
Power possibility for you and our province.
When you save at ATB you’re making sure your money stays here in Alberta, where it gets turned into loans for local people, places and businesses.
Key product details
| Limited time offer | Get up to a 2% bonus* on top of the regular interest rate for a total of up to 3.5%† interest on new deposits until June 30, 2023. $0 - $4,999.99: 2.00% bonus $5,000 - $249,999.99: 1.90% bonus $250,000 and over: 2.00% bonus |
| Interest earned | $0 - $4,999.99: 1.00%1 $5,000 - $249,999.99: 1.35%1 $250,000 and over: 1.50%1 |
| Monthly fee | $0 |
| Interac e-Transfer® | $1.50 each |
| Interac e-Transfer Request Money | $1.50 each |
| Global Transfers | $50 - $999.99: $5 CAD $1,000 - $10,000: Free Special countries: $15 CAD |
Frequently Asked Questions
Yes, you can. The Springboard Savings Account can be a joint account.
After using the one free withdrawal available to you each month, the following fees will apply when moving money out of your Springboard Savings Account.
- $5 each for in-branch and ABM withdrawals and transfers
- Transfers made through telephone banking are not charged a fee
- $5 each for cheques drawn on your account
- $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 traditional 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 as well. That will save you from paying for every transaction.
Different interest rates are applied to each tier of the daily closing balance of the account—one tier being the portion of the balance below $5,000, another tier being the portion of the balance between $5,000 and below $250,000 and the last tier being the portion of the balance $250,000 and above.
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
Find the right savings account for you.
Interest is calculated on the daily account closing balance and paid monthly on the last day of the month. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis. Interest rates and balance tiers are subject to change at any time without advance notice.
ABM withdrawals are converted to Canadian dollars using an exchange rate 2.5% above the exchange rate set by Mastercard International Incorporated (which operates the Cirrus® ATM Network). Some transactions may take a few days to be processed. You’ll be charged the applicable exchange rate on the day your transaction goes through your account, not necessarily the rate on the day you made the transaction.
*The bonus offer is available on net new funds deposited into a new or existing Springboard Savings Account between January 9, 2023 and June 30, 2023. Interest will be calculated daily and paid out monthly. Tax implications may be associated with this offer. This offer is subject to change without notice and cannot be combined with other offers.
†The up to 3.5% interest rate is the combination of the base interest rate of up to 1.5% on a Springboard Savings Account with the up to 2% bonus offer on net new deposits.
Related documents: Little Book of Account Info (PDF), Additional Services & Associated Charges (PDF).
Interac e-Transfer is a registered Trademark of Interac Corp. Used under license.
Cirrus is a registered trademark of Mastercard International Incorporated. Used under license.
Springboard Savings is a registered trademark of ATB Financial.