Savings Account

Earn more! Enjoy no monthly fees and no balance requirements. Plus, you’ll earn cash dividends!

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  • Open your account online in minutes!
    In-person/over-the-phone: 30 minutes

Savings Account

Mobile phone displaying an Innovation app screen:  "Grow your dough!" and a money bag icon.

Discover the benefits!

  • Pay no monthly fees
  • Earn interest
  • No balance requirements
  • Earn cash dividends

Achieve your savings goals!

Pay less fees on your savings

Enjoy no monthly fees on your savings account. Plus, you’ll get six free debit transactions each month to do things like transfer funds or make payments.

Earn interest on your deposits

With your Innovation savings account, your entire balance will earn our best rate. Interest is calculated daily on the closing balance of your account and paid at month end. 

Keep any balance you want

There’s no need to maintain a minimum balance in your savings account. Whether your balance is $5 or $5,000, you’ll still pay no monthly fee and earn interest as well as cash dividends.

Earn cash for everyday banking

With our Member Rewards program, you’ll earn cash dividends by having your savings account with us. The more you bank with us, the more you benefit!


Our No-Fee Bank Account has no monthly fees and no minimum balance requirements. Save ~$11/month in fees!


Earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit.


Your business helps us support your community. We allocate 2% to 4% of pre-tax profits/year to our communities.

Get the most for your money

Pay less fees and earn more rewards from your no fee savings account. Stop paying fees on your savings today.

Need more help choosing the right savings product?

Try our Savings Selector.

To compare bank accounts, you can view the FCAC Account Selector Tool.

Rates subject to change without notice.

Calculators on the site are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please contact us directly to seek personalized advice from qualified professionals for all personal finance issues.

Learn more about our accounts and services. Review our Account and Fee Information (pdf).

Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.

Debit transactions include ATM withdrawals, direct payment/POS, pre-authorized payments/debits, cover-draft transfers, electronic transfers, telephone banking and online banking bill payments, assisted transfers and assisted withdrawals. Over limit debit transaction fees apply. Excludes at time of transaction fees (bill payments, Interac e-Transfer®, Interac and CIRRUS® ATM withdrawals).