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Grow your money with our High Interest Savings Account bonus offer
HIGH INTEREST SAVINGS ACCOUNT
Perfect for hitting your savings goals, whether in a TFSA, RRSP or non-registered HISA.
- 1 free debit transaction1
- No minimum balance required
- Available in a TFSA or RRSP
$0 /monthly fee
Earn 4.25%*
About the account
|
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.
Is High Interest Savings right for you?
May be a good choice if you:
- Want to earn interest
- Want a low-risk savings option
- Make infrequent withdrawals or transactions
May NOT be a good choice if you:
- Use this account for day-to-day transactions, bill payments, transfers and withdrawals
direct deposit
Easy, quick and secure
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
Bank at an ATM anywhere, anytime
4,800 surcharge-free ATMs coast-to-coast on THE EXCHANGE Network.
switching banks
Transfer your account over to Valley First automatically
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
We'll make banking easy
planning & advice
Achieve your financial goals with free personalized 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
Get to know your account
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, 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.
Are there fees to use this account?
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.
Can I access my money any time?
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.
How is interest calculated on this account?
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.
Will the interest rate change?
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.
Can I invest in a registered (TFSA, RRSP) High Interest Savings Account?
Yes, our HISA can be opened as either a registered account (TFSA, RRSP) or an non-registered account.
TFSA vs RRSP: Which one is right for me?
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 |
Will you cover the transfer fees if I move my TFSA or RRSP to you?
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
Insights to reach your life goals
Look into our other products
Chequing
Open a chequing account to simplify your day‑to‑day spending.
GICs
Open a GIC to lock in guaranteed growth and bring confidence to your long‑term plans.
We're here to assist you
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Sunday: 11 AM - 3 PM
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Interest rate is the combination of the Regular Rate in effect at such time and posted on our Personal Account Rates website page plus the 3.61% Bonus Rate payable on Eligible New Money received between October 1, 2026– March 1, 2027 from sources other than any account you hold with Tru Cooperative Bank. Regular interest rates will apply after March 1, 2027. The Regular Rate is subject to change at any time without notice. Rates are expressed as an annual rate and calculated on the daily account closing balance and paid monthly. Bonus Amount earned will vary based on transaction(s) for example, deposits and withdrawals, the starting deposit balance(s), and new amount deposited into the Eligible Account(s). Please refer to the full Terms and Conditions (PDF). Offer subject to change at any time without notice. Eligible new money limits apply.
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Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, 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.
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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.
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ClickSWITCH® is a registered trademark of Q2 Software, Inc. All other trademarks are the property of their respective owners.