Savings

Plan 24

The original daily interest savings account, Plan 24 was introduced by credit unions in 1967. Your money goes to work 24 hours a day, 7 days a week.

Features and benefits include:

  • No minimum balance requirement
  • Interest calculated on the closing daily balance
  • Interest paid monthly
  • ATM withdrawals permitted at regular transaction fees
  • One free withdrawal permitted for a minimum monthly balance of $500.00 or multiple thereof i.e. $1,000, $1,500 etc.
  • Free Member Card
  • In-branch withdrawals - $1.50 each

Plan 24 accounts were designed as regular savings vehicles for a dedicated investment program and for those who don't want to be tempted by chequing privileges. It can also be an ideal account for people with large deposit balances, which turn over on a short-term basis, and for people who want to segregate funds.

 

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