FLEXIBLE SAVER
Flexible Saver
FLEXIBLE SAVER
Whether you’re saving for a wedding, a holiday or a rainy day, a Flexible Saver keeps your money accessible while still earning interest.
- Open as many Flexible Saver accounts as you need
- Save a little at a time or make larger deposits when it suits you
- Transfer money in and out with instant access
- Interest is variable and paid monthly
- Open the account online, in branch, or by phone
Review the product information and account terms before you apply.
Find out moreKey product information
How it works
If you’re saving for a wedding, a holiday or a rainy day, a Flexible Saver is a good way to keep your money accessible while still earning interest.
The rate is variable, so it can move up or down. Interest is calculated daily and paid monthly into the account.
Summary box
| Question | Answer |
|---|---|
| What is the account name? | Flexible Saver |
| What is the interest rate? | Standard rate: 0.55% annual interest. Preferential rate: 0.65% annual interest on higher balances. Interest is calculated daily and paid monthly. |
| Can the rate change? | Yes. The interest rate is variable and may change in line with the account terms. |
| What could I earn on a $1,000 deposit? | Using the standard rate, the balance after 12 months would be approximately $1,005.50 before tax. |
| How do I open and manage the account? | Eligible Canadian residents can apply online if registered for online access. You may also be able to open the account by phone or in branch. |
| Can I withdraw money? | Yes. The account gives you instant access to your money, subject to the product terms. |
How to apply
Are you eligible?
- You need to be 18 years or older
- You must be a Canadian resident for tax purposes
- You must be registered for online access to apply online
- Minimum opening deposit and identity checks apply
- Product terms and conditions apply
If you are tax resident outside Canada, check the product terms or contact us before applying.
Customers registered for online access
If you already use online access, you can apply and manage the account online.
Log on and applyCustomer not registered for online access
If you are not registered yet, sign up first and then return to apply online.
Register for online accessNon-Canadian tax residents
If you are tax resident outside Canada, please contact your local branch so we can help you apply the right way.
Read product detailsAdditional information
Before applying, read the following documents. They explain the account, the rate, and how the interest is paid.
- Product information sheet
- Current interest rates
- Account terms and conditions
- Deposit and withdrawal guide
- Savings support notes
- Important information about tax
Rates may change. The rate shown is a guide only and applies subject to the account terms.
Frequently Asked Questions
How do I apply for a Flexible Saver?
If you are registered for online access, you can apply online. You can also apply by phone or in branch if that is more convenient.
How much can I save?
You can save as little or as much as the account terms allow. Many members use the account for regular savings and one-off deposits.
How can I access my savings?
The account is designed for instant access, so you can move money when you need it, subject to the product terms.
Are there any preferential rates available?
Preferential rates may apply to selected balances or linked accounts. Check the current product information for details.
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