Chequing

A St. Mary’s Chequing Account offers convenience for managing your funds, unlimited free cheque writing privileges and pays interest on your balance. You also have the choice of a passbook or a statement with your cancelled cheques returned to you. Interest is earned with a minimum monthly balance of $500. Benefits include:

• First 50 cheques are free for new accounts
• Cheques are cleared free of charge
• Free transfers
• Free passbook or monthly statement with cheques returned
• Unlimited withdrawals
• Unlimited deposits
• No minimum monthly balance required

Savings

Our savings plans pay off in more ways than one! In fact, it pays off in three important ways: financial flexibility, convenience, and good returns.

Choose from a complete range of savings plans designed to work for you.

Savings account

The savings account is a tiered savings account in which the interest rate increases with higher balances. Interest is calculated on the lowest monthly balance and paid twice a year. Benefits include:

• No minimum monthly balance requirement
• No monthly maintenance fees
• Unlimited withdrawals
• Unlimited deposits
• Free transfers

Term Deposits

The interest rates that are paid on credit union term deposits can help you realize your savings goals sooner. Members wishing to receive a guaranteed return may purchase a term deposit in periods from 30 days to 5 years.

U.S. Savings

If you winter or often travel to the United States, you will find the U.S. Savings account beneficial. Interest is calculated if daily closing balance is $1 or more and paid at the end of the month.

Special Savings

This account allows you to accumulate earnings from your share capital.

Share capital

To become a member of the CU you are required to purchase CU shares valued at $250. This is your capital and you will receive dividends proportional to you shares.

Trust Accounts

Trust accounts are set up for the benefit of one or more persons (called the beneficiary"), and administered by one or more persons (called the "trustee"). The most common example of a trust account is one administered by a parent for the benefit of a child. There are no chequing privileges associated with this account. Rates are set according to account balances.