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Perfect for hitting your savings goals, whether in a TFSA, RRSP or non-registered HISA.
Monthly fee $0
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Interest rate 0.77%**
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Already a member?LOG IN TO OPEN |
Don't bank with us?OPEN AN ACCOUNT |
Choose a TFSA, RRSP or a non-registered HISA and earn interest on every dollar.
Monthly fee
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Interest rate 0.77%**
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Right for you if:
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It might not be right for you if:
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Want to speak to an advisor on the phone or at a branch? Book an appointment today or call us at 1-888-597-6083.
Unlock the full potential of your savings with our high-growth account, where your money is not only protected but also maximized for greater returns.
Already a member?LOG IN TO OPEN |
Don't bank with us?OPEN AN ACCOUNT |
Monthly account fee
$0
Interest rate
Balances of $0 - $4,999
Balances of $5,000+
0.77%**
0.77%**
Minimum balance required
No
Debit transactions* included
1
Additional fee per debit transaction
$5
Credit/deposit transactions
Unlimited
Available in a TFSA or RRSP
Yes
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View Account Terms and Conditions (PDF) |
Transaction | Fee |
ATM withdrawal (via THE EXCHANGE® and ACCULINK® networks)† |
$5.00 |
ATM deposit (via THE EXCHANGE® and ACCULINK® networks) |
Included |
Cheque clearing | $5.00 |
In-branch withdrawal | $5.00 |
In-branch transfer out | $5.00 |
In-branch utility bill payment / manual bill payment | $5.00 |
In-branch deposit | Included |
Electronic transfer between First West Credit Union accounts | Included |
Electronic utility bill | $5.00 |
Cheque deposit via mobile app | Included |
Interac e-Transfer® incoming (CAD currency only) | Included |
Interac e-Transfer® Autodeposit (CAD currency only) | Included |
Interac e-Transfer® outgoing (CAD currency only) | $5.00 |
Interac e-Transfer® Request Money | $5.00 |
Point of sale purchase | $5.00 |
Point of sale return | Included |
Me-to-Me transfer incoming | Included |
Me-to-Me transfer outgoing | $5.00 |
Pre-authorized debit (payment) | $5.00 |
Pre-authorized credit | Included |
Unlock the full potential of your savings with our high-growth account, where your money is not only protected but also maximized for greater returns.
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.
Pay with your debit or credit card, Apple Pay, Google Pay or Samsung Pay.
Put your savings on auto pilot with BIGChange®, our rounding up tool.
Stay informed on account activity with instant account alerts.
Transfer all your pre-authorized payments and deposits from other financial institutions to your Envision Financial account automatically with ClickSWITCH®.
There is no monthly account fee, and the account includes one free debit transaction* 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.
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 | ![]() |
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Best for retirement, a first-home (HBP) or your education (LLP) | ![]() |
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Your money grows tax-free | ![]() |
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You can deduct your contributions from taxable income | ![]() |
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You can take money out anytime for anything and your withdrawals are never taxed | ![]() |
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You pay tax on withdrawals | ![]() |
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You can set up automatic contributions | ![]() |
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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.
From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West. |
*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. Envision Financial credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.
**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 envisionfinancial.ca/tools-calculators/rates for our current rates.
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.
We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.
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