Menu

AGRIINVEST ACCOUNT

National farm program that provides matching contributions

  • For agricultural producers
  • High return on your savings
  • No monthly account fee

$0 /monthly fee

A farmer adjusts overhead irrigation tubing inside a greenhouse, standing between rows of young plants covered with protective ground fabric.

Fees

Monthly fee

$0

Free debit transactions

1

Additional fee

$1.25

Minimum balance required

$0

Earn interest

View rate

Transactions over what the monthly package allows, ATM transactions not via THE EXCHANGE® and ACCULINK® networks, and any additional banking services you use may incur a fee. View Business Service Fees to see our account & service fees.

Is this account right for your business?

May be a good choice if you:

  • Your are an agricultural producer
  • You want to earn interest
  • You want a low-risk savings option

May NOT be a good choice if you:

  • Your are looking for a transactional account
  • You are looking to have more than one AgriInvest account
line illustration of a woman picking out apples

Banking and more

We'll make banking easy

Bank anytime

Manage your accounts anytime with secure business and commercial online banking.

Power your cash flow

From vendor payments to employee payroll, our payment solutions help you manage money more efficiently while integrating seamlessly with your banking.

Smart point-of-sale solutions

Make it easier for customers to pay you with our all-in-one payment system solutions

a true partner

Get personalized advice

By understanding what matters most to you, we deliver advice that’s tailored to help your small business flourish. Our expert team of Business Advisors can support you with specialized advice that your businesses need.

Farmer walking through a greenhouse carrying a crate of freshly harvested greens.

Frequently asked questions

What are debit transactions?

Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, outgoing Me-to-Me transfers, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Collabria credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.

How does this account work?

As an agricultural producer, you're able to make an annual contribution for up to 100% of your allowable net sales to your AgriInvest account. When you do so, you’ll receive 1% of the deposit amount from the Government of Canada. Then, when you are short on cash, simply withdraw these funds at any time without penalty.

What you need to know

  • Each year, Agricultural producers receive their AgriInvest deposit notices which specify the eligible amount producers are able to deposit to their AgriInvest account to receive matching government contributions.
  • You'll need to open your AgriInvest account by the date specified on your AgriInvest Deposit Notice, in order to receive your fully matched government contribution.
  • Any late application submissions will be penalized by a 5 per cent reduction in government contribution per month (or part of the month) up to the final submission deadline specified on your AgriInvest deposit notice.

Account opening process

  • Complete the account application form available on the Agriculture and Agri-Food Canada site and bring it to your branch.
  • We'll notify Agriculture and Agri-Food Canada (AAFC) once you've opened your account so that AAFC will have the necessary information for contribution matching.

For more information about AgriInvest, visit the program website at www.agr.gc.ca or contact Agriculture & Agri-Food Canada toll free at 1.866.367.8506.

How is interest calculated on this account?

This account calculates interest based on the tier to which the entire daily closing balance corresponds. The interest calculates daily and is paid at month end. Interest rates and balance tiers are subject to change at any time without advance notice. Refer to bank account interest rates for our current rates.

For illustrative purposes only:

Tier 1$0 - $4,9991.50%
Tier 2$5,0001.60%


Daily Closing Balance = $5,100
This account will calculate interest based on an interest rate of 1.60% on the entire $5,100 closing balance.

Look into our other products

Chequing

Open a chequing account to manage daily finances and keep your business running smoothly.

line illustration of a young family out for a walk

Credit cards

Get a business credit card to manage expenses and fuel your business goals.

line illustration of a couple out for a walk

We're here to assist you

Call us

1-888-597-6083

Monday to Friday: 8am - 8pm
Saturday: 8:30am - 4pm
Sunday: 11am - 3pm

Chat with us

  • Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, outgoing Me-to-Me transfers, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Collabria credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.

  • Product terms, features and fees are subject to change, and we will provide appropriate notice as applicable and as may be required. Debit transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Business Service Fees to see our account & service fees.