Personal Everyday 
Savings Account

If you’re looking for an account that will let you put money away for a rainy day with the flexibility to take it out when you need it, then look no further! Our Everyday Savings Account earns you interest daily with no monthly fees and offers 5 free transactions, access to digital banking, eStatements, alerts and more.

 

Key Features

 

  • Account Fees: No monthly fee. You get 5 transactions for free, with any extra debits at $2.50 each.
  • Earn Interest: Earn interest daily. View interest rate
  • eStatements: Electronic statements are free and accessible through digital banking. If you prefer paper statements, it costs $2 per month.
  • Free Deposits: It’s always free to deposit money using our mobile app, ATMs, Interac e-Transfer® or in-branch. 
  • Interac eTransfer®: Sending an Interac e-Transfer costs $1.50 each, plus $2.50 over your 5 free transactions.
  • Deposit Guarantee: The deposits of Encompass Credit Union members are 100% guaranteed by the Credit Union Deposit Guarantee Corporation and the Province of Alberta.

Account Details

  • Account Fee: No charge
  • Minimum Monthly Balance: N/A
  • # of Free Debits / Month: 5
  • Per Item Debit Fee: $2.50 after the first 5 free transactions
  • Interest Calculated: Daily on lowest daily balance, paid monthly at month end
  • Paper Statement: $2.00 / month
  • In-Branch Deposits: Unlimited; No charge
  • Deposit (any Canadian credit union): Unlimited; no charge
  • Inquiry (any Canadian credit union): Unlimited; no charge
  • Bill Payments (any Canadian credit union): $1.50 / bill; plus $2.50 (if over 5 free debits)
  • Transfer (any Canadian credit union): $2.50 (if over 5 free debits)
  • Withdrawal (any Canadian credit union): $2.50 (if over 5 free debits)
  • Withdrawal (other Canadian financial institution): $1.50; plus $2.50 (if over 5 free debits)
  • Withdrawal (international): $3.00, plus $2.50 (if over 5 free debits)
  • AFT (Automated Funds Transfer): $2.50 (if over 5 free debits)
  • Direct Payment / Point of Sale Purchase: $2.50 (if over 5 free debits)
  • In-Branch Cash Withdrawal or Account Transfer: $2.50 (if over 5 free debits)
  • In-Branch Bill Payment: $1.50/bill, plus $2.50 if over 5 free debits
  • Online Bill Payments: $2.50 (if over 5 free debits)
  • Inquiries: Unlimited; No charge
  • Loan Payments: $2.50 (if over 5 free debits)
  • Transfers (Immediate, Scheduled, Recurring): $2.50 (if over 5 free debits)
  • Receive Interac e-Transfer®: Unlimited; No charge
  • Send Interac e-Transfer®: $1.50/transfer; plus $2.50 (if over 5 free debits)
  • View Images of Cleared Cheques: Unlimited; No charge
  • eStatements: Unlimited; No charge
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