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Affinity Savings Accounts of february 2023

Open a deposit at Affinity verified by our specialists. On 08.02.2023 16 deposits are available to you.

Offers: 16

Updated
06.01.2023
11:13
Flex-Term RRIF
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$500 minimum deposit
Rate
i

Effective interest rate on the product

3.00%
Term
i

Loan term for the financial product

1 year
Variable RRSP Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$50 minimum deposit
Escalator RRSP
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$500 minimum deposit
Rate
i

Effective interest rate on the product

up to 4.50%
Term
i

Loan term for the financial product

3-5 years
Fixed-Term RRSP
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$500 minimum deposit
Rate
i

Effective interest rate on the product

up to 4.20%
Term
i

Loan term for the financial product

1-5 years
Flex-Term RRSP
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$500 minimum deposit
Rate
i

Effective interest rate on the product

3.00%
Term
i

Loan term for the financial product

1 year
Investor Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

up to 1.75%
Everyday Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

up to 0.75%
Registered Disability Savings Plan (RDSP)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Registered Education Savings Plan (RESP)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

TFSA Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

1.75%

Other types of deposits

GoDay
1.6
JUDGEV
JUDGEV
26.05.2022 at 15:46
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review
Affinity Savings Accounts of february 2023

Types of Affinity savings

If you want to safely deposit your money and earn interest on it, consider no-fee savings accounts from Affinity.

  1. Everyday Savings. An Everyday Savings account provides a 0.50%-0.75% interest rate based on the account balance. This account also features two monthly transactions included. Each transaction over the monthly limit will cost you $2.
  2. Investor Savings. With an Investor Savings account, you can grow your earnings faster. The interest rates provided by this account range from 1.45% to 1.65%, depending on the balance. An Investor Savings account features one monthly transaction included. Each transaction over the monthly limit will cost you $5.

How to open an Affinity savings account?

If you are an Affinity member already, you can open a savings account from your online banking personal area.

Otherwise, you should visit an Affinity Advice Centre to obtain membership and open a savings account of your choice. Or, you can open an account by phone through the Affinity Contact Centre by calling the following number: 1.866.863.6237.

Requirements

To open a savings account with Affinity, you must be a Canadian resident of at least 18 years old — the age of majority in Saskatchewan.

Pros and cons

Let’s outline the advantages of Affinity savings accounts:

  • No monthly fees
  • No limits on electronic transfers between your Affinity accounts
  • No fees for deposits
  • Insurance coverage of members’ deposits by the Credit Union Deposit Guarantee Corporation
  • An opportunity for members to open an account online

Still, there are disadvantages to be aware of:

  • Few monthly transactions included
  • No option to open an account online for non-members
  • No option to access an Investor savings account through an ATM

How to fund an Affinity savings account?

There are several ways to fund your Affinity savings account:

  • Transferring funds between your accounts via online, mobile, or telephone banking and through an ATM
  • Depositing funds through an ATM
  • Depositing funds in person at an Affinity branch near you

FAQ

Can I automate my Affinity savings somehow?

You can automate your savings with pre-authorized contributions. This feature enables you to set up the regular contribution amount and frequency and have the funds transferred to your savings account automatically.

How does Affinity calculate interest?

Affinity calculates interest based on your closing daily account balance and pays it to your account monthly. The interest rates vary depending on the account type and your account balance.

How much do Interac e-Transfers transactions cost with Affinity savings accounts?

Interac e-Transfers transactions made with your Affinity savings account involve a $1 fee per transaction.