Savings without borders.
Buy, save and earn
Purchase US dollars (USD) when exchange rates are attractive, automatically convert your Canadian deposit into USD and earn interest in USD.
Save on fees
A savings account with no monthly fee and reasonable draft and cheque fees, so you can concentrate on funding your next trip.
Save yourself the hassle
No excessive exchange fees. It's free to withdraw cash in-branch or transfer to another ATB account when it's time to put your savings to use.
Key product details
Frequently Asked Questions
Yes, you can. The US Dollar Savings Account can be opened as a joint account.
ABM transactions are not available for the US Dollar Savings Account.
Different interest rates are applied to each tier of the daily closing balance of the account--one tier being for a balance below $5,000, another tier being for a balance $5,000 and above, and another being for a balance $25,000 and above. The interest rate applied is based on the highest tier reached by the whole closing balance of the account. For example, a balance of $8,000 in a US Savings Account would receive an interest rate of 0.10% on the entire balance.
Find the right US dollar banking solution for you.
The bonus offer is available only on new deposits made from April 8, 2019 to October 31, 2019 into US Dollar Savings Accounts. The bonus as of April 8, 2019 is 1.75%. Both existing and new customers are eligible for the bonus. If you’re an existing customer, this bonus applies to any new deposits above your balance as of April 8, 2019.
For example, if you have $100 in your account on April 8, 2019, any new deposits above $100 would receive the applicable bonus. Funds not receiving the bonus rate continue to receive the regular interest rate of the account. If you have a maturing investment that is deposited into an eligible account, that deposit will not be eligible for the applicable bonus (but it will still receive the regular interest rate of the account).
Tax implications may be associated with this offer. Please consult your tax advisor with regard to your personal tax situation. This offer is subject to change without notice.
Interest is calculated on the daily account closing balance and paid monthly on the last business 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.
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