Perfect for hitting your savings goals, whether in a TFSA, RRSP or non-registered HISA.
$0 /monthly fee
|
Monthly fee |
$0 |
|
Free debit transactions |
1 |
|
Additional fee |
$5.00 |
|
Minimum balance required |
$0 |
|
Earn interest |
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 Personal Service Fees to see our account & service fees.
May be a good choice if you:
May NOT be a good choice if you:
direct deposit
Set up direct deposit for a fast, easy, and secure way to access your money sooner—no delays, no cheques, just on‑time deposits straight into your account.
debit transactions
4,800 surcharge-free ATMs coast-to-coast on THE EXCHANGE Network.
switching banks
A fresh start without the fuss. Easily transfer all your pre-authorized payments and deposits from other financial institutions to your Valley First account with ClickSWITCH®.
Benefits
planning & advice
Our experts provide personalized solutions with genuine care. Whether you’re saving for today, building for the future, or paying down debt, our advisors can create a customized plan to help you achieve your financial goals.
Additional Information:
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.
There is no monthly account fee, and the account includes one free debit transaction1 per month. Transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Personal Service Fees to learn more.
Any funds in the High Interest Savings Account (HISA) are redeemable. Please note that there may be a withholding period if the funds are in a registered account like a TFSA or RRSP.
For illustrative purposes only:
| Tier 1 | $0 - $4,999 | 1.50% |
| Tier 2 | $5,000 | 1.60% |
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.
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 Personal Service Fees to see our account & service fees.
The HISA interest rate is generally higher than a regular savings interest rate, however it is variable which means it may change due to various factors, including market conditions.
Yes, our HISA can be opened as either a registered account (TFSA, RRSP) or an non-registered account.
A QUICK COMPARISON |
TFSA |
RRSP |
|---|---|---|
| Best for large or one-time purchases, or any other goal | ||
| Best for retirement, a first-home (HBP) or your education (LLP) | ||
| Your money grows tax-free | ||
| You can deduct your contributions from taxable income | ||
| You can take money out anytime for anything and your withdrawals are never taxed | ||
| You pay tax on withdrawals | ||
| You can set up automatic contributions |
If you wish to transfer your current TFSA or RRSP from a different financial institution to us, a fee will generally apply. We will cover the cost of this fee up to $100.00 for any transfers totaling $10,000 or more. View Registered Transfer Fee Reimbursement Program Terms and Conditions (PDF).
Expert advice
Open a chequing account to simplify your day‑to‑day spending.
Open a GIC to lock in guaranteed growth and bring confidence to your long‑term plans.
Speak to an advisor or at the branch
Monday to Friday: 8am - 8pm
Saturday: 8:30am - 4pm
Sunday: 11am - 3pm
An advisor will get back to you
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 Personal Service Fees to see our account & service fees.
ClickSWITCH® is a registered trademark of Q2 Software, Inc. All other trademarks are the property of their respective owners.
