Premium Yield Account

A great way to save! Designed as a Canada Savings Bond alternative, this convenient plan can be purchased through direct deposit, automatic transfers or preauthorized debits.

Benefits:

  • Save money with NO FEES
  • Available anytime during the year
  • Withdrawal flexibility - funds available at anytime
  • ONE withdrawal permitted without collapsing plan

Features:

  • Rate of return guaranteed to be at least 1/4 of 1 percent higher than Canada Savings Bond
  • Compounded monthly interest 
  • Matures November 01 every year
  • Rate of return subject to change November 01
  • Convenient direct deposit, automatic transfers or preauthorized debits.

SAMPLE PYA PAYMENT SCHEDULE

Payment Frequency

Savings Goal*

 

$100

$500

$1,000

12 monthly

$8.34

$41.67

$83.34

24 bi-monthly

$4.17

$20.84

$41.67

26 bi-weekly

$3.85

$19.24

$38.47

All funds deposited, and interest earned, is paid at maturity.

*numbers are rounded

 

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