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​Business Savings +

Earn a premium interest rate on your excess funds with this hard-working, high-interest savings account. We'll work hard for businesses like yours too, offering expert advice and exceptional service.

Small business owner in his shop.

Key Features


Earn high interest
Daily interest savings rate: 0.35% p.a. 1,2

Start small 
No minimum daily balance required.

Unlimited deposits and withdrawals
In-branch or using Deposit Anywhere™.

Keep a record 
Detailed monthly statement or passbook.


Everyday Account Transactions & Fees

Monthly Fee  None
Minimum Balance Required None
Credit transactions  
   Deposit Anywhere™ – Direct deposit of cheques using a mobile device 3 Free
   In-branch and electronic funds deposits 4 Free
   Interac e-Transfer® – Receive money from an account at a participating Canadian financial institution Free
Debit transactions  
   In-branch withdrawals 4 Free
   Transfers between IC Savings accounts Free
Monthly Account Statements  
   Electronic copy Free 5
   Print copy, mailed Free 5


Click here for more information about all other account services and related fees.

Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). Learn more


Terms and Conditions

     1 Interest calculated daily and paid monthly.

     2 Interest rate subject to change without notice.

     3 Deposit Anywhere is available with the IC Savings Mobile Banking App. Cheques deposited with this free service are subject to a five-day hold. Only Canadian dollar items can be deposited.

     4 Conditions apply with cash deposit and cash supply services; fees may apply depending upon cash volumes. Speak with your branch team for complete details.

    5 Statements are provided complimentary to members for the current month and are archived in online banking for a period of seven years. Fees will apply to requests for statements dating beyond 90 days and will be calculated as outlined under Records Search on the Accounts Services page.

     Deposit Anywhere is a registered trademark owned by Central 1 Credit Union and is used under license.  
     THE EXCHANGE® is a registered trademark licensed for use in Canada by Ficanex Service Limited Partnership.
     Interac and Interac e-Transfer are registered trade-marks of Interac Corp. Used under license.