You deserve MORE!

Simply put, you deserve more from your financial institution.

Like the best rates. No monthly bank account fees. No Interac® e-Transfer fees. And rewards simply by doing your everyday banking.

We strive to redefine banking by helping Canadians simplify their lives and reach their financial goals.

Let's get started!

Invest in a GIC/Term Deposit, RRSP, or TFSA Expand/Collapse

When you think investments, a credit union might not come to mind. But did you know we have market-leading deposit rates?

Our 'Some of the Best Rates in Canada' Pledge means helping you grow your hard-earned dollars everyday.

Rates Comparison Chart

Earn more faster. Retire sooner!
Contact us to invest your hard-earned money today.

Already deal with us?
If you're already a customer or member of Innovation Credit Union, you can invest in a term deposit through online banking in minutes.

Here's how:

  1. Log in to online banking
  2. Choose Account Services from the left menu on the Account Summary page.
  3. On the Open an Additional Account page, choose the type of account you wish to open.
  4. Follow the prompts and you're set!
Let's get started

See more rates Expand/Collapse

We monitor and update our lending and deposit rates frequently to ensure they're always some of the best in the nation.

Rates button

Open a No-Fee Bank Account Expand/Collapse

No hidden fees.
No minimum balance.
It's true and it's free! 

We're thrilled to offer you our No-Fee Bank Account. There's...

  • No monthly fee 
  • No charge UNLIMITED Interac e-Transfers
  • No minimum balance requirements
You'll save an average of $163/year in bank account fees!

Open a No-Fee Account today!
PLUS... It includes:

  • Unlimited debit transactions
  • No charge bill payments 
  • No charge electronic transfers to Innovation accounts 
  • No charge e-statement (requires email address and online banking)
  • No surcharge fee using our national credit union ding free® ATM network
Available for personal use only.

Open a No-Fee Bank Account

We look forward to helping you
Comparisons based on posted bank website rates 05/07/19. Innovation investments: minimum investment of $1,000. Interest is earned in the currency of the account and calculated on a per annum basis. Interest rates are subject to change without notice. Interest rates are annual interest rates. Interest is calculated daily on the closing credit balance. If term is withdrawn in full, the accrued interest is paid in full based on prior day's amount. If partial withdrawals are processed, there is no payment of accrued interest as it's paid according to the original terms. Interest for products can either be paid to a separate account or added to the principal on each anniversary date and at maturity.

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From the desk of our CEO

Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

Caring Company