ACCOUNTS
Saugeen Community Credit Union has many options available for your personal banking needs with a variety of chequing and savings accounts. Contact one of our representatives to discuss which account would best suit your needs. Below you will find short descriptions of each account.
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> Personal Chequing Account
• Passbook or itemized statement
• No charge for inter-branch services
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> Daily Interest Chequing Account
• Passbook or itemized statement
• Interest is calculated daily and paid monthly*
• One free chequing item for every $100.00 minimum balance maintained each month
*A minimum balance of $2000.00 is required each day in the month in order to receive interest. Interest is not paid for the month in which the account is closed.
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> Advantage Chequing Account
• Passbook or itemized statement
• Unlimited POS transactions
• Unlimited ABM transactions
• Unlimited personal cheques
• Free first order of 100 cheques
*Monthly account fee
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> Bonus 50 Account
• Available to all members age 50 and over in their personal name only and for personal use only.
• Bonus interest rates over regular daily interest rates on balances over $5,000.00
• Passbook
• Free personal cheques
• Free chequing privileges
• Free Internet banking
• Interest calculated daily and paid monthly
• No fee Canadian Dollar money orders
• No service charge on bill payments
• No service charge for certifying a cheque
• No service charge for ABM withdrawals
• No service charge for POS transactions
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> Grow With Us Youth Account
• Available to all members up to age 21
• Passbook only
• 20 free POS transactions per month
• 5 free non-Credit Union ABM withdrawals per month
• No service charge on bill payments
• Free Internet banking
• Free chequing privileges at age 18
• Free first order of 100 cheques
• Debit cards available at age 12 with parental consent
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> Daily Interest Savings Account
• Passbook only
• Interest is calculated daily and paid monthly*
• Chequing privileges are not available on this account
• Interest is not paid for the month in which the account is closed
*Interest is not paid for the month in which the account is closed
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> Special Savings Account
• Passbook only
• Interest is calculated on the minimum monthly balance and paid monthly*
• Chequing privileges are not available on this account
*Interest is not paid for the month in which the account is closed
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General Terms & Conditions
The following apply to Saugeen Community Credit Union Limited Accounts:
• No overdrafts allowed on any account. Line of credit loans are available subject to credit requirements.
• Funds must be deposited by the first business day of the month to be eligible for interest to qualify for the minimum monthly accounts.
• For Daily Interest accounts, interest will not be paid for the day on which the account is closed.
• Saugeen Community Credit Union Ltd. reserves the right to require thirty days notice of any withdrawal whether by cheque or otherwise.
• Saugeen Community Credit Union Ltd. reserves the right to close any account operating in an unsatisfactory manner.
• Other terms and conditions applicable to your account are set out on the signature card and Operation of Account Agreement.
• All term, interest rates and service charges are subject to change. Notice of service charge changes will be posted in the branch 30 days prior to the change.