Investment Account

High interest savings

Some of our members maintain higher balances in their savings accounts but want easy access to their funds. That's why we designed the SCU Investment Account. It offers a "cumulative rate index" with multiple rate tiers and interest that's paid on the daily closing balance. It can all add up to a pretty sweet deal.

Details

  • premium rate on balances over $20,000
  • variable interest rate
  • easy access to your funds
  • one free debit transaction per month
  • no minimum deposit required
  • interest is calculated on the daily closing balance
  • interest paid monthly
  • monthly statement

Other perks

Cost

Restrictions

  • if balance drops below $5,000 no interest will accrue
  • no chequing privilege
  • no cash withdrawals or ATM withdrawals allowed
  • not accessible for Point of Sale (POS) or INTERAC
  • additional debits in the month will be assessed a $5.00 fee per item

Opening an Investment Savings Account

  • two pieces of identification, one of which must contain photo identification (acceptable identification includes Driver's License, Canadian Citizenship card, Saskatchewan Health Care, Indian Status, Birth Certificate or Passport)
  • your social insurance number