Savings

Whether you're building a savings nest egg, putting money aside for an emergency, planning for a major purchase or looking ahead to the month when auto insurance, property taxes and other major bills come due, there's a savings account suited to your needs at EasternEdge Credit Union.

With competitive interest rates and flexibility, you'll reach your savings goals at your own pace, one deposit at a time.  And with deposit insurance, you have peace of mind as your savings grow.

YOUR Savings

A flexible account with six tiers of interest, accrued daily and paid monthly. Funds are accessible at anytime - we'll give you two withdrawals per month at no charge. Click here for Account Services Brochure.

Tax-Free Savings Account (TFSA)

How the TFSA works:

    • Contributions to a TFSA will not be deductible for income tax purposes; but investment income, including capital gains earned in a TFSA will not be taxed even when withdrawn.
    • Unused TFSA contribution room can be carried forward to future years.
    • You can withdraw funds from the TFSA at any time for any purpose.
    • The amount withdrawn can be put back in the TFSA at a later date without reducing your contribution room.
    • Neither income earned in a TFSA nor withdrawals will affect your eligibility for federal income-tested benefits and credits.
    • Contributions to a spouse's TFSA will be allowed and TFSA assets can be transferred to a spouse upon death.
High Interest Savings Account (HISA)

  • Interest on every dollar - we'll pay the best rate on every dollar in your account.
  • Great rates - this account pays a high interest rate, is calculated daily and paid monthly.
  • Your money is never locked in and no renewals are required.
  • Easy access to your money. As well, receive unlimited online transfers to and from your account.
  • Security - Credit Union Deposit Guarantee Corporation guarantees protection up to $250,000 per type of account.



 

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