Savings

Growing your business is your business – helping grow your money is our business. Earn interest with an RF savings account while keeping your money in reach in case you need it.

With a Business Savings account, you’ll get one free transaction every month, plus:

no monthly fee
unlimited electronic transfers between accounts
free deposits*
fully guaranteed balance by the Credit Union Deposit Guarantee Corporation
View Rates

Anything over your one free transaction will cost $5 per transaction, which includes electronic debits and staff-assisted transactions. There's a $5 charge for withdrawals at ATMs, as well as a $1 fee for Interac e-Transfer^† transactions.

*Free Deposits

That means you can deposit as much cash and as many cheques in your chequing or savings account as you’d like – for free!

Visit a location near you to stop paying deposit fees and switch to RF today!

If you’re in the farming business, AgriInvest can help accelerate your saving.

Ready to make the switch?

Let us take care of switching accounts and transferring your recurring payments to RF for you! With ClickSWITCH™, move your direct deposits and automatic payments from your previous financial institution to RF – with a simple click! Learn more.

Looking to learn more? Find it here:

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How do I set up a business savings account?
If your business is already an RF member, opening a new account’s easy. Head into an advice centre and we’ll have you set up in minutes. Depending on how your business membership was set up, you may need to bring some of your business partners with you.
If you’re brand new to RF, step one is to drop by one of our advice centres. Step two is to bring all the necessary documents with you. Depending on your business type, you’ll need to bring the following:
Sole proprietor
- government-issued photo ID
- your social insurance number
- civic/legal address and mailing address, if they’re different
- a current corporate registry profile search
Partnership
- government-issued ID for all signors.
- all owners’ social insurance numbers.
- each owner’s civic/legal address and mailing address, if they’re different.
- a current corporate registry profile search
- your partnership agreement
Corporation
- government-issued ID for all signors
- owners’ addresses, including a legal address if it’s a PO Box
- names and civic addresses of the controlling shareholders
- names of the directors and officers of the corporation
- a current corporate registry profile search
How is interest calculated and paid?

On your Business Savings account, interest is calculated on the closing daily balance of your account and paid into your account monthly.
How safe is the money in my business savings account?

Real safe. All RF savings accounts are fully guaranteed by the Credit Union Deposit Guarantee Corporation. This includes your business savings account, and it means your money isn’t going anywhere.

^†Interac e-Transfer is a registered trademark of Interac Inc. Used under licence.

Banking

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Savings

*Free Deposits

Ready to make the switch?

Looking to learn more? Find it here:

How do I set up a business savings account?

Sole proprietor

Partnership

Corporation

How is interest calculated and paid?

How safe is the money in my business savings account?

I’m ready to start my business saving