BUSINESS OPTIMUM SAVINGS ACCOUNT

Access your funds when you need them, while earning interest.

Top reasons to choose this account

NO monthly account fee

Earn interest on every dollar

2 FREE transactions/month

Ready to open?

Book an appointment to open or contact us to speak with an advisor about your business account needs.

BOOK APPOINTMENT

Top reasons to choose this account

NO monthly account fee
Earn interest on every dollar
2 FREE transactions a month

Ready to open?

Book an appointment to open or contact us to speak with an advisor about your business account needs.

BOOK APPOINTMENT

Is this savings account right for you?

Right for you if:

You want to earn interest
You want a low-risk savings option
You make infrequent withdrawals or transactions

It might not be right for you if:

You use this account for day-to-day transactions, bill payments, transfers and withdrawals

Business Optimum Savings Account Details

$0 monthly fee

Interest rate

0.72%* (balances of $0 - $99,999)
0.87%* (balances of $100,000 - $499,999)
0.97%* (balances of $500,000 - $999,999)
1.07%* (balances of $1,000,000 - $4,999,999)
1.72%* (balances of $5,000,000+)

2 FREE transactions per month including:

in-branch withdrawals
in-branch transfers
in-branch & electronic bill payments
Interac® direct payments
Interac® online payments
pre-authorized payments
THE EXCHANGE® & ACCULINK® ATM withdrawals

Deposits to and electronic transfers between your Envision Financial accounts are free & unlimited. Free monthly eStatement available in online banking.

Additional fees

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.

View Account Terms and Conditions:

Business Member Application—Unincorporated Association (PDF)
Business Member Application—Sole Ownership, Partnership, Corporation (PDF)
Business Member Application—Joint Venture (PDF)
Business Trust Account Application (PDF)

Included with all business accounts

desktop monitor with a padlock on the screen

Online banking access

Pay your bills, check your balance, transfer money and more—anytime and from anywhere.

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Account alerts in real time

Stay informed on account activity with instant account alerts.

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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.

How is interest calculated on this account?

This account calculates interest at one interest rate, based on the tier to which a portion of your Daily Closing Balance corresponds. Subsequent interest rate tier(s) may be used to calculate the interest on the remaining portion(s) of your Daily Closing Balance. This means portions of your Daily Closing Balance may fall within multiple Tiers. 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 - $99,999	1.40%
Tier 2	$100,000 - $499,999	1.55%
Tier 3	$500,000 - $999,999	1.65%
Tier 4	$1,000,000 - $4,999,999	1.75%
Tier 5	$5,000,000	2.40%

Daily Closing Balance = $550,000
This account will calculate interest based on an interest rate of 1.40% on the first $99,999, an interest rate of 1.55% on the balance of $100,000 - $499,999 and an interest rate of 1.65% on the balance of $500,000 - $550,000.