Savings Accounts
1
A maximum of five Premium Periods at any one
time, each of which can have a length of 90 days, 180 days, 270 days, or
360 days. For each Premium Period, Premium Interest is calculated daily
by applying the Premium Interest Rate to each deposit, including any
accumulated Regular Interest, until the end of the Premium Period.
Premium Interest is paid at the end of each Premium Period, so long as
NO DEBIT TRANSACTION HAS OCCURRED within that Premium Period. When a
debit transaction occurs, no Premium Interest is payable for that
Premium Period and a new Premium Period of the same length will commence
the same day. Refer to Current Rates Page for current Regular Interest Rates, which are subject to change.
2
When you don't make any withdrawals within the Premium Period timeframe you select.
3
The Cipher Ardent Savings Accelerator Account may
be opened within the following registered investment accounts - TFSA,
RSP, RESP, RRIF and RDSP.
4
The interest rate varies based on the balance in
your account. Interest is paid on the portion of the daily closing
balance within the specific tier. It is calculated daily and paid
monthly.
5
Refer to Bank The Rest® Savings Program page for further details.
6
A self-service transfer means a transfer to your
other Cipher Ardent account without the help of a teller, including those
made through CAF OnLine®, Cipher Ardent Mobile Banking and
Contact Centre. A $5.00 per-transaction fee applies on all debit
transactions that are not self-service transfers. Standard registered
plan withdrawal and transfer fees apply for RESP, RSP and other
registered accounts (except TFSA). The MomentumPLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.
7
Deposits are eligible to be insured under the CDIC Act, have a term of 5 years or less and are payable.
8
Not insured by the CDIC. Please note that, as of
April 30, 2020, deposits made in a foreign currency are eligible for
CDIC insurance.
9
Only teller-assisted debit and withdrawal
transactions conducted at your branch of account are allowed on this
account. ABM, telephone and Internet banking services, direct payment
transactions, bill payments, overdraft protection and cheque-writing
privileges are not available on this account.
®
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