Investment Savings Account

A member who wants to earn a higher rate of interest on a savings account with a tiered interest calculation and isn’t concerned with the interest calculation being based on a minimum monthly balance.

Account Features – No Fee

• Deposits
  • in branch
  • ATM
• Cash Withdrawals – in branch
• Debit Transactions
• No minimum balance required
• Manitoba Credit Union ATM withdrawals
• Bill Payments through:
  • CUbyPhone 1-888-748-2907
  • CU@Home
  • in branch
• Access to:
  • CU@Home 1-888-748-2907
  • CUbyPhone
• Transfers
  • P.A.T. (pre-authorized transfers)
  • Auto-Transfer to cover overdraft
  • Telephone transfer between same member’s accounts
• Commission to purchase travelers cheques
• Night Deposit locked bag
• Commissioner of Oaths
• Monthly Statements with cheque images - statements are held in branch for pick -up and mailed once 3 months are in the member file.

Interest

nterest is calculated on a minimum Monthly balance and paid to the account twice a year – end of June and December. Interest is calculated on a tiered basis and the interest rate increases with each tier.

Example of tiers:

Balance from $ 1 to $5,000
Balance between $ 5,001 to $25,000
Balance between $25,001 to $60,000
Balance greater than $60,000

Pricing

• No Maintenance Fee.

Benefits to member

• Convenience and saves time with CUbyPHONE, CU@HOME
• Security and peace of mind that funds are fully guaranteed by Credit Union Deposit Guarantee Corporation.
• Earns money by paying interest semi-annually based on a minimum monthly balance.