CN (London) Credit Union

Dividend Shares...The deposit account with life insurance benefits of up to $4,000 has no set interest rate. Instead, your return is based on the profits of the Credit Union when the Board of Directors declare a dividend at the annual meeting. The dividend is calculated on your minimum monthly balance and paid annually in June. Historically, the dividend on this account has been higher than comparable daily interest accounts, but the return is not guaranteed.

Special Savings...This daily interest savings account has a tiered interest rate attached to it. The higher the balance, the higher the rate earned on your entire balance. Interest is calculated daily and paid monthly. This account is ideal for active savers who desire anytime access to their funds.

Nestegg Accounts..."Savings goals reached on your timetable". Designed to encourage you to save for that special purpose, this account features a premium rate of return with a minimum rate guarantee with funds accessible at any time. Systematic contributions by payroll deduction or automatic transfer are encouraged. Excellent for prospective home buyers, new car down payments or yearly vacation plans.

Personal Chequing Account (PCA)...

No minimum monthly balance is required to receive free chequing privileges (up to 20 free debit transactions per month). Interest is calculated on your daily balance and paid monthly.
funds can be withdrawn in person, by cheque, through any Interac® ABM and through the Interac Direct® Payment system.
a consolidated statement of all your Credit Union accounts is mailed to you monthly, at no cost. Cancelled cheques are stored for you by the Credit Union, and if proof of payment is required, a copy will be provided at no cost, unless the item has been archived.

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