Preferred Savings Account
Whether you’re saving for a special purchase, establishing an emergency fund, or looking for a safe place to park your money while deciding on an investment, adding this competitive savings account to your banking solution will combine competitive interest rates with features that meet your everyday needs.
It’s a practical account if you want to earn higher-than-average interest on your short-term savings, and you don’t do a lot of monthly transactions.
Use the Preferred Savings Account as a parking spot for money used to fund monthly contributions into your London Life segregated fund policy, Quadrus Group of Funds or any other mutual fund available through Quadrus Investment Services Ltd. Earn a premium interest rate on your money while it’s waiting to be invested.
Combine the Preferred Savings Account with one of our other bank account options for added convenience and accessibility.
Features
Your first transaction each month is free and you'll also enjoy:
- A competitive interest rate on any amount you deposit
- A competitive high-yield interest rate
- No minimum deposit amount
- One free withdrawal per month
- Insurance provided by Canada Deposit Insurance Corporation1
- Access to your account 24 hours a day, seven days a week
See the Product and services guide to fees for more information.
Access
You get full access to your account by automated banking machine (ABM), Interac™ direct payment purchases, Internet or telephone.
Ready to open your Preferred Savings Account?
Contact a financial security advisor to find out if the Preferred Savings Account is right for you. Or if you're already a Solutions Banking client, call
1-866-888-1379 to find out more.
1Deposits are made with National Bank of Canada, which is a member of the Canadian Deposit Insurance Corporation (CDIC). Solutions Banking Preferred Savings Account deposits are eligible for CDIC insurance, subject to CDIC rules and regulations.