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Earn 6.00%* interest on qualifying deposits in your HISA.

To get started, initiate free online transfers from another financial institution via External Accounts, or open an account online.

Earn 6.00%* interest on qualifying deposits in your HISA.

To get started, initiate free online transfers from another financial institution via External Accounts, or open an account online.

Earn 6.00%* interest on qualifying deposits in your HISA.

High and unexpected expenses can make saving challenging, but earning more as you save in today’s uncertain market doesn’t mean your money needs to be locked away. That’s why we’re offering you a special rate on our High-Interest Savings Account (HISA).

Earn a boosted rate of 6.00%* on qualifying deposits in your HISA
when you do both:

Between March 13, 2024 and June 30, 2024, make deposit(s) to your new or existing HISA.

During the mentioned promotion period, keep your daily Total Deposits1 Total Deposits1 is the total value in Canadian dollars of all your eligible chequing, savings, and term deposit accounts under the same Coast Capital member number during the Promotion. balance higher than it was the day before the promotion started. We call this balance difference New Deposits2.

 

 

Between deposit(s) in A and the New Deposits2 in B, whichever is lower is the Eligible Deposit3 you will earn the 4.40% Bonus Interest4 rate. Together with the 1.60% Regular Interest5 rate on your HISA balance, you will receive a total interest rate of 6.00%.*

 

Want to learn more? We’ve made it easy for you with these examples. Or reach out to our advisors for assistance.

Earn a 6.00%* Total Interest Rate.

Regular Interest5 Rate + Bonus Interest4 Rate = Total Interest Rate

Regular Interest⁵ Rate

1.60%

Paid on the entire HISA balance

Bonus Interest⁴ Rate

4.40%

Paid on Eligible Deposits3 up to $500,000 during promotion

Total Interest Rate

6.00%

Enjoy interest payments every month.

Both Bonus Interest4 and Regular Interest5 payments are automatically paid to your HISA at the end of each month. If you have multiple HISAs under the same membership, Bonus Interest4 will be combined and paid to the HISA with the highest balance.

Check out these interest calculation examples to learn more.

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  1. Rahul opened a new HISA and made a deposit of $15,000 into his HISA on April 3, 2024.
  2. Rahul’s Total Deposits1 Total Deposits1 is the total value in Canadian dollars of all your eligible chequing, savings, and term deposit accounts under the same Coast Capital member number during the Promotion. balance on April 3, 2024, is $10,000 higher than it was the day before the promotion started (March 12, 2024). This $10,000 is the New Deposits2.

Total Deposits1
  HISA Balance Term Deposits Balance Chequing Balance Total Deposits1 Balance
The day before the promotion starts
(March 12, 2024)
$0 $60,000 $25,000 $85,000
April 3, 2024 $15,000 $60,000 $20,000 $95,000
New Deposits2 balance on April 3, 2024 $10,000

Between the $15,000 deposits made to HISA in A and the $10,000 New Deposits2 in B, the $10,000 is the lower of the two. This $10,000 is the Eligible Deposit3 so Rahul would earn the Bonus Interest4 rate. He would also earn the Regular Interest5 rate on his HISA balance.

A. Deposit put into HISA on April 3, 2024 $15,000
B. New Deposits2 balance on April 3, 2024 $10,000
Eligible Deposits3 for the Promotion $10,000
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  1. Li Mei deposited $40,000 into her HISA on May 5, 2024.
  2. Li Mei's Total Deposits1 Total Deposits1 is the total value in Canadian dollars of all your eligible chequing, savings, and term deposit accounts under the same Coast Capital member number during the Promotion. balance on May 5, 2024, is $40,000 higher than it was the day before the promotion started (March 12, 2024). This $40,000 is the New Deposits2.
Total Deposits1
  HISA Balance Term Deposits Balance Chequing Balance Total Deposits1 Balance
The day before the promotion starts
(March 12, 2024)
$10,000 $80,000 $5,000 $95,000
May 5, 2024 $50,000 $80,000 $5,000 $135,000
New Deposits2 balance on May 5, 2024 $40,000

Since the deposits made to HISA in A and the New Deposits2 in B are the same at $40,000, the $40,000 is the Eligible Deposit3 Li Mei would earn the Bonus Interest4 rate on. She will also earn the Regular Interest5 rate on her HISA balance. 

A. Deposit put into HISA on May 5, 2024 $40,000
B. New Deposits2 balance on May 5, 2024 $40,000
Eligible Deposits3 for the Promotion $40,000
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  1. Jordan transferred $5,000 from her Coast Captial Chequing Account and $35,000 from her Coast Capital Term deposits account into her HISA on April 23, 2024.
  2. Jordan's Total Deposits1 Total Deposits1 is the total value in Canadian dollars of all your eligible chequing, savings, and term deposit accounts under the same Coast Capital member number during the Promotion. balance on April 23, 2024, remained the same as it was the day before the promotion started (March 12, 2024). So, her New Deposits2 are $0.
Total Deposits1
  HISA Balance Term Deposits Balance Chequing Balance Total Deposits1 Balance
The day before the promotion starts
(March 12, 2024)
$10,000 $80,000 $5,000 $95,000
April 23, 2024 $50,000 $45,000 $0 $95,000
New Deposit2 Balance on April 23, 2024 $0

Between the $40,000 deposits made to HISA in A and the $0 New Deposits2 in B, the $0 is the lower of the two. Jordan would not earn the Bonus Interest4 rate but would earn the Regular Interest5 rate on her HISA balance. 

A. Deposit put into HISA on April 23, 2024 $40,000
B. New Deposits2 balance on April 23, 2024 $0
Eligible Deposits3 for the Promotion $0
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  1. Dewe'igan deposited $55,000 into his HISA on May 10, 2024.
  2. Dewe'igan’s Total Deposits1 Total Deposits1 is the total value in Canadian dollars of all your eligible chequing, savings, and term deposit accounts under the same Coast Capital member number during the Promotion. on May 10, 2024, is $185,000 higher than it was the day before the promotion started (March 12, 2024). This $185,000 is the New Deposits2.
Total Deposits1
  HISA Balance Term Deposits Balance Chequing Balance Total Deposits1 Balance
The day before the promotion starts
(March 12, 2024)
$5,000 $20,000 $50,000 $75,000
May 10, 2024 $60,000 $0 $200,000 $260,000
New Deposit2 Balance on May 10, 2024 $185,000

Between the $55,000 deposits made to HISA in A, and the $185,000 New Deposits2 in B, the $55,000 is the lower of the two. This $55,000 is the Eligible Deposit3 Dewe'igan would earn the Bonus Interest4 rate on. He would also earn the Regular Interest5 rate on his HISA balance.

A. Deposit put into HISA on May 10, 2024 $55,000
B. New Deposits2 balance on May 10, 2024 $185,000
Eligible Deposits3 for the Promotion $55,000

These examples are best viewed on desktop for optimal experience. Examples are provided for illustrative purposes only. See full Terms and Conditions.

Why consider a HISA?

Access to your Money Anytime Access to your Money Anytime

Take out money without advance notice, whether it’s for the unexpected or for short-term goals.6

Quick & Easy Transfers Quick & Easy Transfers

Easy and convenient online money transfer and account setup, over the phone, or at a branch.

No Monthly Fees No Monthly Fees

No monthly account fee, making it affordable to manage your savings.

We’ve answered your most popular FAQs

Eligibility

The offer is available to existing or new Coast Capital members who have a High-Interest Savings Account (HISA) (except for Registered HISA accounts) or who open a new HISA during the Promotion Period.

This Promotion is not available to members with Commercial or Business Banking accounts, Small Business Banking accounts, accounts held in the name of a corporation (including personal holding accounts), trust accounts, accounts held through an Agency, or any other account used for a commercial purpose.

Registered HISA accounts are not eligible for this Promotion at this time. Registered HISA accounts include accounts held in Tax-Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP), Registered Education Savings Plans (RESP), Registered Retirement Income Funds (RRIF), Registered Disability Savings Plans (RDSP), and First Home Savings Accounts (FHSA).

Not at all! If you have more than one HISA, you can earn Bonus Interest4 on Eligible Deposits3 in each HISA account, up to a maximum of CAD $500,000 per membership. If you have multiple HISAs under your membership, you will earn Bonus Interest4 on New Deposits2 in each HISA and receive the interest payout in the account with the highest balance. For example, if you had a $2,000 HISA and a $1,000 HISA, both of which contained Eligible Deposits3, Bonus Interest4 would be calculated on both accounts but the payout would be deposited, in its entirety, into the $2,000 HISA.

Interest Payments

You can find out the amount of Bonus Interest4 earned on your statements. Bonus Interest4 will appear separately from your Regular Interest5 on your statements. Regular Interest5 and Bonus Interest4 will be paid monthly, at the end of each month, potentially resulting in different payment dates. Bonus Interest4 will appear on your statement as “Bonus Interest Paid”. Bonus Interest4 may take 1-2 business days after the month ends to appear in your accounts due to processing times.

You will receive both Bonus Interest4 and Regular Interest5 in your HISA account at the end of each month. Bonus Interest4 may take 1-2 business days after the month ends to appear in your accounts due to processing time. If you have multiple HISAs under your membership, you will earn Bonus Interest4 on New Deposits2 in each HISA and receive the interest payout in the account with the highest balance. For example, if you had a $2,000 HISA and a $1,000 HISA, both of which contained Eligible Deposits3, Bonus Interest4 would be calculated on both accounts but the payout would be deposited, in its entirety, into the $2,000 HISA.

You will start earning Bonus Interest4 immediately on new Eligible Deposits3 you deposit into your HISA since Bonus Interest4 is calculated daily on the daily closing balance of Eligible Deposits3.

Total Deposits1 are determined based on the total value of all your eligible chequing, savings, and term deposits accounts under the same member number; if you have multiple memberships the total deposits will be calculated for each of them individually.

No, moving funds between memberships to take advantage of the offer constitutes abuse of the proper and intended operation of the Promotion and may result in termination of your participation in the Promotion.

You can continue to contribute to your eligible New Deposits2 until June 30, 2024, to earn Bonus Interest4. Keep in mind that Bonus Interest4 is only paid on Eligible Deposits3 of up to $500,000. In addition, you will continue to earn Regular Interest5 on additional deposits into your HISA during the Promotion.

You can withdraw your money from your HISA account at any time. Bonus Interest4 is calculated daily so even if you withdraw your Eligible Deposits3 you will still receive the Bonus Interest4 earned up until the day the funds are withdrawn as long as the account remains open at the time the Bonus Interest4 is paid.

You will start to earn the new Regular Interest5 rate on your entire HISA balance on the day of the rate change. The new Regular Interest5 rate will not be retroactively applied to the HISA balance prior to the rate change.

After the Promotion Period, your HISA balance will continue to earn the Regular Interest5 rate applicable to HISA at that time. Learn more information on Regular Interest5 rates on HISA.

Other Popular Questions

With the External Account feature in your Coast Capital online banking, you can transfer money from your accounts in other financial institutions to your accounts at Coast Capital free of charge. Check out the step-by-step instructions on setting up an External Account. Keep in mind that it will take 3-6 business days for the funds to arrive at your Coast Capital accounts. Calculation of eligible interests will not start until funds arrive at your Coast Capital HISA accounts.

In addition to transferring from an external financial institution into your Coast Capital account for free via External Accounts in your Coast Capital online banking, you can also transfer money at an ATM, or through a branch deposit.

Yes, you can close your HISA(s) at any time. Any calculated but unpaid Bonus Interest4 on your HISA(s) will be forfeited if you close your account before the Bonus Interest4 is paid.

Ready to take the first step?

Start by initiating free online transfers from other financial institutions into your HISA or open an account online. Or book an appointment with one of our advisors to learn more.

CDIC Deposit ProtectionCDIC Deposit Protection

Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). More CDIC information

* This total rate of interest calculation is based on our posted interest rate of 1.60% plus a Bonus Interest rate of 4.40%. Bonus interest is calculated, per annum, on the daily closing balance of Eligible Deposits, up to $500,000 and is paid monthly. Bonus interest will be earned on Eligible Deposits in your HISA, in addition to the Regular Interest that is paid on deposits in the HISA. Regular Interest is calculated at this rate, per annum, on the closing daily balance and paid monthly. Refer to our site for our current rates and more information on how interest will be calculated. Interest rates are subject to change without notice.

† Additional terms apply. See full Terms and Conditions for HISA New Deposits Promotion.

‡ It should take 3-6 business days for funds to arrive in your Coast capital account.

1.“Total Deposits” means dollars of all your eligible chequing, savings, and term deposit accounts under the same membership number with Coast Capital during the Promotion Period. For the purpose of calculating the total value, foreign currency account balances will be held at par value.

2.“New Deposits” means the change in the daily closing Total Deposits Balance, calculated starting from the close of business on March 12, 2024, during the Promotion Period.

3.“Eligible Deposit” means the lower of the New HISA Deposits and the New Deposits, calculated daily starting from the close of business on March 12, 2024, during the Promotion Period. If the lower of the New HISA Deposits and New Deposits is negative, the daily Eligible Deposits will be zero.

4. Bonus interest is calculated, per annum, on the daily closing balance of Eligible Deposits, up to $500,000, and is paid monthly. Bonus interest will be earned on Eligible Deposits in your HISA, in addition to the Regular Interest that is paid on deposits in the HISA. Interest rates are subject to change without notice.

5. Interest is calculated at this rate, per annum, on the closing daily balance and paid monthly. Refer to this site for our current rates and more information on how interest will be calculated.

6. Note these withdrawals could reduce your Total Deposits balance.