What are sascu savings account interest rates?
Sascu savings interest rates: 2.6% high-interest savings, 2.6% TFSA, 2.1% RRSP savings, 3.4% 1-year GIC.
Planning Your Banking Rollout
- High-interest savings pays 2.6% on balances up to $10,000.
- The TFSA rate is the same 2.6% and is tax-sheltered.
- RRSP savings pays 2.1%, GICs start at 3.4% for one year.
- Interest is calculated daily and paid monthly from your savings.
Current Interest Rates
The full deposit rate board for September 2026: savings 2.6%, TFSA 2.6%, RRSP 2.1%, 1-year GIC 3.4%.
this credit union publishes a complete deposit rate board monthly. The standard tier pays the full rate on balances up to $10,000, with a lower tier above that for institutional investors.
| Product | Rate | Min. balance | Paying frequency |
|---|---|---|---|
| High-Interest Savings | 2.60% | $0 | Monthly |
| TFSA savings | 2.60% | $100 | Monthly |
| RRSP savings | 2.10% | $250 | Monthly |
| GIC 1-year | 3.40% | $500 | At maturity |
| GIC 3-year | 3.85% | $500 | At maturity |
How This Compares to the Banks
The 2.6% rate sits roughly 1.0-1.5% above the average big-bank savings rate.
The same savings account at a big bank earns roughly 1.0-1.5% at present. The member-owned structure means this credit union keeps the difference in member rates. On a $5,000 balance, that gap pays out about $55-75 more per year at the platform.
The full comparison across all rates is on sascu rates.
When and How Interest Is Paid
Interest compounds monthly; your statement and the app both show accrued interest to the day.
The rate is daily interest, credited monthly on the 28th. The mobile app shows the accrued figure in real time, and year-end T5 documents track the amount for the CRA for non-registered accounts.
TFSA and RRSP interest is generally not taxed while inside the registered wrapper. For the rules, see the sascu TFSA page.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- HISA rate: 2.60%.
- TFSA rate: 2.60%.
- GIC 1-yr: 3.40%.
These published rates do NOT apply to savings products held in RSP/plan fees on group plans, which price separately. We bumped the headline rate every time the prime changed; the board now commits to a monthly review cadence to stop the whiplash.
The official methodology is detailed in the sascu overview.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
If two pages decide this decision, the second one is the fee schedule: three lines determine 90% of the annual difference, and the routing number and support number belong in the same notebook on the same day.
Our TFSA moved to sascu with zero paperwork drama in five days.
Every rate and fee is published. The finance committee stopped asking questions.