Summer Savings With A Twist

Introducing the Prime-Time High Interest Savings Account

Summer Savings With A Twist


Introducing the Prime-Time High Interest Savings Account


Save with a sweet rate linked to Prime


Stressed about inflation and ever-changing interest rates? Our limited-time Prime-Time High Interest Savings Account gives you a reason to relax and enjoy summer with a rate tied to the Prime rate. That means - as the Prime rate rises, you'll earn bonus interest between July 11 and October 10, 2022.* Its just one less thing to worry about!




















Linked-to-prime rate

Quick & easy online application 

No monthly fees

As the Prime Rate rises,

so will your savings rate.

Get approved in minutes with a fast

and easy online application.

This account is all about savings and

there's no minimum balance.


Linked-to-prime rate

As the Prime Rate rises, so will your savings rate.


Quick & easy online application 

Get approved in minutes with a fast and easy online application.


No monthly fees


This account is all about savings and there's no minimum balance.



Why it's prime time to save


Our Prime-Time High Interest Savings Account is the perfect choice if 

you don't want to miss out on savings while interest rates rise. Here are

more great reasons to start investing:


  • Potential for Rising Returns - Bonus interest is expected to rise as Prime rates increase this summer as forecasted by the Bank of Canada.

  • Market Optimize Rate - Rest assured that you are getting the best possible rate.

  • Peace of Mind - Deposits are fully insured by the Credit Union Deposit Guarantee Corporation.  

Apply Online In Minutes 





Why it's prime time to save

Our Prime-Time High Interest Savings Account is the perfect choice if 

you don't want to miss out on savings while interest rates rise. Here are

more great reasons to start investing:

  • Potential for Rising Returns - Bonus interest is expected to rise as Prime rates increase this summer as forecasted by the Bank of Canada.

  • Market Optimize Rate - Rest assured that you are getting the best possible rate.

  • Peace of Mind - Deposits are fully insured by the Credit Union Deposit Guarantee Corporation.

Apply Online In Minutes

How your interest rate is calculated


The interest rate for our Prime-Time High Interest Savings Account is calculated by adding together our Regular High Interest Savings Rate with a Bonus Interest Rate that is linked to the Prime Rate. For example, if we add a 0.75% regular interest rate with a Bonus Interest Rate of 3.95%, the results is a savings rate of 4.7%. 











Regular Interest Rate


Bonus Interest Rate


Prime-Time Savings Rate

The base interest rate for this

High Interest Savings Account.


The Bonus interest is earned

during the promotional period, 

and is linked to Prime Rate.


Your savings rate is a combination of

the regular interest rate plus the

bonus interest rate.
















How your interest rate is calculated


The interest rate for our Prime-Time High Interest Savings Account is calculated by adding together our Regular High Interest Savings Rate with a Bonus Interest Rate that is linked to the Prime Rate. For example, if we add a 0.75% regular interest rate with a Bonus Interest Rate of 3.95%, the result is a savings rate of 4.7%. 

Regular Interest Rate

The base interest rate for this

High Interest Savings Account.

Bonus Interest Rate

The Bonus interest is earned

during the promotional period, 

and is linked to Prime Rate.

Prime-Time Savings Rate

Your savings rate is a combination of

the regular interest rate plus the

bonus interest rate.



TERMS AND CONDITIONS
1. The Promotional Rate of 4.70% is a combination of the Regular Interest Rate paid on Eligible Deposits (0.75%), plus Bonus Interest (3.95%) paid on Eligible Deposits during the Promotional Period.
2. In the event of an increase in the Prime Rate, 1st Choice Savings and Credit Union will adjust the Bonus Interest rate to match the promotional rate with Prime Rate within 2 business days of the change taking affect.
3. The Promotional Rate of 4.70% interest will be paid on all Eligible Deposits from date of deposit until October 10, 2022. This promotional offer ends on October 10, 2022 at 11:59 p.m.
4. Only Eligible Deposits will qualify for the promotional rate. Eligible Deposits must be new, non-registered money deposited with 1st Choice Savings and Credit Union from new or existing members. Funds already on deposit with 1st Choice Savings and Credit Union in the form of a GIC, savings account, chequing account or any other investment will not be considered an Eligible Deposit. Eligible Deposits must come from another financial institution.
5. The Promotional Rate of 4.70% interest will be paid on all Eligible Deposits from date of deposit until October 10, 2022.
6. Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $100,000) and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly.
7. Not available in Registered Savings Plans or as a Tax-Free Savings Account.
8. This promotion is not available for business accounts.
9. Must be an Alberta resident to apply.
10. Joint memberships are subject to $100,000 maximum.
11. Bonus Interest and Regular Interest rates are subject to change at any time; please speak to a 1st Choice Savings and Credit Union representative for current rates.
12. 1st Choice Savings and Credit Union reserves the right, in its sole discretion to terminate this promotion, in whole or in part, or modify, amend or suspend the promotion in any manner whatsoever.
13. All deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation. For more information on the Alberta Credit Union Deposit Guarantee, call toll-free at 1-800-661-0351 or visit http://www.cudgc.ab.ca.
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