sascu Savings
Explore this credit union savings accounts: high-interest savings, TFSA, GICs and RRSP savings options with member-first rates.
Planning Your Banking Rollout
- this credit union savings accounts pay up to 2.6% interest with no monthly maintenance fees.
- TFSA, RRSP and GIC options are available to all the platform members.
- Deposits are protected by the BC Credit Union Deposit Insurance Corporation.
- You can open a this credit union savings account online in about 10 minutes.
sascu Savings Account Options
our team offers high-interest savings, TFSA, RRSP and GIC accounts, each with a transparent fee structure.
Savings is where every healthy banking relationship starts. the platform offers four core savings products: the Everyday High-Interest Savings account (2.6% on balances up to $10,000), the Tax-Free Savings Account (TFSA), the Registered Retirement Savings Plan (RRSP), and a tiered GIC ladder for members who want a fixed term.
Because the cooperative is a member-owned credit union, profits return to members in the form of better rates and lower fees. The data below comes from our internal rate review; the official methodology is detailed in the sascu overview.
| Savings product | Interest rate | Minimum deposit | Fees |
|---|---|---|---|
| High-Interest Savings | 2.6% | $0 | $0 monthly |
| Tax-Free Savings (TFSA) | 2.6% | $100 | $0 monthly |
| Registered RRSP | 2.1% | $250 | $0 monthly |
| GIC 1-year term | 3.4% | $500 | $0 |
Why Save with a Credit Union
Credit unions return profit to members, so savings rates are typically 0.5% or more above big-bank savings accounts.
When you keep savings with this credit union, you are not a customer - you are a member and a part-owner. Every dollar of profit is either reinvested in the credit union or returned to members in better rates, cheaper fees, and community support.
A 2025 member survey of 1,200 members found that 88% felt their savings rate improved after switching from a big bank, and the average annual gain was $74 per member. The sample was drawn from our British Columbia branch network.
How to Open a sascu Savings Account
You can open a savings account online in about 10 minutes with a government-issued ID.
Opening an account is simple. Choose the product that fits your goal, verify your identity with a government-issued ID and your SIN, and fund the account from an external bank or a deposit at a branch.
For step-by-step guidance, see opening a sascu account online and the documents required in the checklist guide.
Maximizing Interest Earnings
Pairs well: keep everyday money in high-interest savings and reserve your TFSA for long-term growth.
The most common mistake is earning nothing at all on idle cash. A tax-free savings account and a high-interest savings account work together: the first shelters gains from tax, the second keeps emergency funds liquid.
Automated sweeps help. Set a weekly transfer of $25 into your savings account, and after one year the average the credit union member accumulates $1,300 with an extra $34 in interest versus a big-bank account.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- Savings rate: 2.6%.
- Monthly fee: $0.
- Setup time: 10 min.
The interest rates above do NOT apply to registered business deposits, which price off a separate schedule. Our first savings board showed tiered rates from $25,000; member feedback told us that discouraged small savers, so we simplified tiers in 2025.
The official methodology is detailed in the sascu overview.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
Our TFSA moved to sascu with zero paperwork drama in five days.
Every rate and fee is published. The finance committee stopped asking questions.